Michael Ormiston

Professor Emeriti
TEMPE Campus


View Vita


Ph.D., Economics, The Johns Hopkins University, 1980; M.A., Economics, The Johns Hopkins University, 1977; B.S., Mathematics, Michigan State University, 1975.

Research Areas

Microeconomic theory, economics of risk and uncertainty

Current Projects

"Insurance Policy Transformations and Optimal Portfolio Choice"

"Taxation, Savings, and the Demand for Risky Assets"

"The Effect of Changes in the Demand Distribution on Optimal Inventories"

Academic Positions

Arizona State University, 1984-present. Previous Appointments: Texas A&M University

Professional Leadership

Referee for National Science Foundation,�International Economic Review, Review of Economic Studies

Representative Publications

Ormiston, M.B.,�Understanding Microeconomic: Partial Equilibrium Analysis, Pearson Custom Publishing, 2006, 2005.

"Mean-Variance Models and Investor Behavior," (with E. Schlee),�Economic Journal, 111:4, October 2001, 849-861.

Comparative Statics Tests for Nonexpected Utility Models," (with E. Schlee)�Journal of Mathematical Economics, 32:2, October 1999, 145-166.


Fall 2013
Course NumberCourse Title
ECN 502Managerial Economics
Fall 2012
Course NumberCourse Title
ECN 312Intermed Microecon Theory