About The Author
Karl E. Case
Dr. Karl E. Case is an Emeritus Professor of Economics at Wellesley College, where he taught for 34 years and served as Department Chair on several occasions.
He is a Senior Fellow at Harvard University's Joint Center for Housing Studies and a founding partner of Fiserv Case Shiller Weiss, the real estate research firm that produces the S&P Case-Shiller Index of home prices. He is a member of Standard and Poor's Index Advisory Committee, as well as the Federal Reserve Bank of Boston's Academic Advisory Board, alongside Ray Fair.
He was Head Tutor in Economics (Director of Undergraduate Studies) at Harvard before coming to Wellesley, where he won the Allyn Young Teaching Prize.
He served on the AEA's Committee on Economic Education and was an Associate Editor of the Journal of Economic Perspectives and the Journal of Economic Education.
Professor Case graduated from Miami University with a B.A. in 1968, served in the Army for three years, and earned his Ph.D. in Economics from Harvard University in 1976. His research has focused on real estate, housing, and government finance.
He has published numerous articles in professional journals and is the author or coauthor of five books, including Principles of Economics, Economics and Tax Policy, and Property Taxation: The Need for Reform.
His research has focused on real estate markets and prices for the past 25 years.
Many of his professional articles attempt to isolate the causes and consequences of boom and bust cycles, as well as their relationship to regional and national economic performance.
Ray C. Fair
Dr. Ray Fair is a Professor of Economics at Yale University. He is a member of the Cowles Foundation at Yale and a Fellow of the Econometric Society. He got a B.A. in Economics from Fresno State College in 1964 and a Ph.D. in Economics from MIT in 1968. He taught at Princeton University from 1968 to 1974 and has been at Yale since 1974.
Ray's research has primarily been in the areas of macroeconomics and econometrics, with particular emphasis on macroeconometric model building. He also has done work in the areas of finance, voting behavior, and aging in sports. His publications include Specification, Estimation, and Analysis of Macroeconometric Models; Testing Macroeconometric Models; Estimating How the Macroeconomy Works, and Predicting Presidential Elections and Other Things.
Dr. Fair has taught intermediate introductory macroeconomics at Yale. He has also taught graduate courses in macroeconomic theory and macroeconometrics.
Sharon E. Oster
Dr. Sharon M. Oster is the former Dean of the Yale School of Management and the Frederic Wolfe Professor of Economics and Management. Professor Oster graduated from Hofstra University with a B.A. in Economics and Harvard University with a Ph.D. in Economics.
Professor Oster's field of study is industrial organisation. She has focused on issues of innovation diffusion in a variety of industries, the impact of regulations on businesses, and competitive strategy. She has written various articles in these fields and is the author of several books, including Modern Competitive Analysis and Nonprofit Strategic Management.
Sharon Oster taught in Yale's Department of Economics for a number of years before joining the School of Management. She taught undergraduates introductory and intermediate microeconomics, as well as numerous graduate courses in industrial organisation, at the department.
Professor Oster has largely taught in the Management School since 1982, where she teaches the core microeconomics subject for MBA students as well as a competitive strategy course. Sharon also consults for a variety of businesses and non-profits, and has served on the boards of several publicly traded corporations and non-profits.
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