Language : English
Published : 2017-10-09
Pages : 732
Macroeconomics 6th Global Edition
For courses in undergraduate Macroeconomics courses. A modern approach to teaching macroeconomics Macroeconomics uses a thoroughly modern approach by building macroeconomic models from microeconomic principles. As such, it is consistent with the way that macroeconomic research is conducted today. This approach allows for deeper insights into economic growth processes and business cycles-the key topics in macroeconomics. An emphasis on microeconomic foundations better integrates the study of macroeconomics with approaches learned in microeconomics and field courses in economics. By following an approach to macroeconomics that is consistent with current macroeconomic research, students become better prepared for advanced study in economics. The 6th Edition captures the latest developments in macroeconomic thinking, applied to recent economic events and developments in macroeconomic policy. With the financial crisis receding, new challenges that macroeconomists and policymakers currently need to address are covered in the text.
This book is an adaptation of existing book on Managerial Economics published earlier by UOP US. This edition brings the presentation up-to-date with several new topics and local realities which make the text especially relevant for undergraduate students. The text uses the theory of the firm to integrate and link economic theories, decision sciences and various aspects of business administration studies and shows how all these topics are crucial components of managerial decision making
- Complete coverage of topics usually encountered in actual managerial decision making process
- Real local and world case studies
- Updated and expanded chapter-end references
- Exercises and appendices at the end of chapters
- Appendix elaborates the use of Microsoft Excel for simple and multiple regression analyses
Written by Emeritus Professor LIM Chong-Yah, Founding Chairman of the tripartite National Wages Council (NWC), this unique volume offers readers an insider’s view of the genesis and the evolution of the wage determination mechanism and system in Singapore under the aegis of the NWC. As a tripartite body dealing with wages, wage policies and wage-related matters and promoting Growth with Equity, the NWC played a critical role in transforming industrial relations in Singapore from the then confrontational approach to that of mutual understanding, esprit de corps and social co-partnership. Drawing from his 30-year experience as NWC Chairman (1972-2001), Singapore’s eminent Economics Professor shares with readers the important process and problems of seeking equitable wage increases through tripartite consensus based on a yearly national wage guideline system. The book also chronicles the role of the NWC in crisis management in 1974, 1985 and 1998, and in Economic Restructuring, 1979-1981. The structure and operation of this unique Singapore institution and the interesting problems of securing unanimity of support from the three tripartite partners are revealed in the book. Some important NWC personalities and their concerns and unique contributions are interestingly covered, anecdotally.
Readership: Undergraduates, postgraduates and general public who have a keen interest in labour economics and industrial relations.
Retaining the student-friendly approach of previous editions, Introduction to Econometrics, Fourth Edition, uses clear and simple mathematics notation and step-by step explanations of mathematical proofs to help students thoroughly grasp the subject. Extensive practical exercises throughout–including fifty exercises on the same dataset–build students’ confidence and provide them with hands-on practice in applying techniques.
NEW TO THE FOURTH EDITION:
* An expanded review section at the beginning of the book offers a more comprehensive guide to all of the statistical concepts needed to study econometrics
* Additional exercises provide students with even more opportunities to put theory into practice
* More Monte Carlo simulations help students use visualization to understand the math
* New final sections at the end of each chapter contain summaries and non-technical introductions to more advanced topics
An updated and expanded Companion Website contains resources for students and instructors:
* Data sets
* Gretl, a free econometrics software application
* PowerPoint-based slides with explanations
* A study guide
* Instructor manuals for the text and data sets that detail the exercises and their solutions
* PowerPoint-based slides
* A “Contact the Author” link
About the Author
Mark P. Taylor is Professor of Economics at the University of Warwick. He obtained his first degree in philosophy, politics and economics from Oxford University. He then worked as a foreign exchange dealer in London for two years while simultaneously studying part-time for a master’s degree in economics at London University, from where he also holds a doctorate in economics. Professor Taylor has taught economics at various universities (including Warwick, Oxford, Marseille and New York), at various levels (from principles courses to advanced graduate and MBA courses) and in various fields (including macroeconomics, microeconomics and econometrics). He also worked for several years as a senior economist at the International Monetary Fund and before that at the Bank of England. His work has been extensively published in scholarly journals, such as the Journal of Political Economy and the Economic Journal, and he is today one of the most highly cited economists in the world in economic research. In addition, Professor Taylor has acted as an advisor to the International Monetary Fund, the World Bank, the Bank of England, the European Commission and to senior members of the UK government. He is a research fellow of the Centre for Economic Policy Research, a member of council of the Royal Economic Society, and a fellow of both the Royal Statistical Society and the Royal Society of Arts. Professor Taylor lives (with his wife and three children and his three dogs named Byron, Shelley and Aphra) near Kenilworth, Warwickshire (where he collects clocks and keeps bees). N. Gregory Mankiw is Robert M. Beren Professor of Economics and Chair of the Department of Economics at Harvard University. He studied economics at Princeton University and MIT. He has taught macroeconomics, microeconomics, statistics, and principles of economics. Professor Mankiw is a prolific writer and a regular participant in academic and policy debates. His research includes work on price adjustment, consumer behavior, financial markets, monetary and fiscal policy, and economic growth. His published articles have appeared in academic journals such as the AMERICAN ECONOMIC REVIEW, JOURNAL OF POLITICAL ECONOMY, and QUARTERLY JOURNAL OF ECONOMICS and in more widely accessible forums including THE NEW YORK TIMES, THE WASHINGTON POST, THE WALL STREET JOURNAL, and FORTUNE. In addition to his teaching, research, and writing, Professor Mankiw has been a research associate of the National Bureau of Economic Research, an adviser to the Federal Reserve Bank of Boston and the Congressional Budget Office, and a member of the ETS test development committee for the advanced placement exam in economics. From 2003 to 2005, he served as chairman of the President’s Council of Economic Advisers. In addition, he maintains a very popular blog for students of economics at http://www.gregmankiw.blogspot.com.