Modeling Monetary Economies 4th Edition
Too often monetary economics has been taught as a collection of facts about institutions for students to memorize. By teaching from first principles instead, this advanced undergraduate textbook builds on a simple, clear monetary model and applies this framework consistently to a wide variety of monetary questions. Starting with the case in which trade is mutually beneficial, the book demonstrates that money makes people better off, and that government money competes against other means of payments, including other types of government money. After developing each of these topics, the book tackles the issue of money competing against other stores of value, examining issues associated with trade, finance, and modern banking. The book then moves from simple economies to modern economies, addressing the role banks play in making more trades possible, concluding with the information problems plaguing modern banking, which result in financial crises.
About the Author
Bruce Champ was a Senior Research Economist at the Federal Reserve Bank of Cleveland, and passed away in 2013. Earlier he taught at Virginia Polytechnic Institute, the Universities of Iowa and Western Ontario, and Fordham University, New York. Dr Champ’s research interests focused on monetary economics and his articles have appeared in the American Economic Review, the Journal of Monetary Economics, the Canadian Journal of Economics, and the Journal of Money, Credit, and Banking, among other leading academic publications. He coauthored the first and second editions of Modeling Monetary Economies with the late Scott Freeman. Scott Freeman was a Professor of Economics at the University of Texas, Austin. He taught earlier at Boston College and the University of California, Santa Barbara. He died in 2004. Professor Freeman specialized in monetary theory, and his articles appeared in the Journal of Political Economy, the American Economic Review, the Journal of Monetary Economics, and the Journal of Money, Credit, and Banking, among other eminent academic journals. Joseph Haslag is Professor and Kenneth Lay Chair in Economics at the University of Missouri. Professor Haslag received his PhD in Economics from Southern Methodist University, Texas in 1987. Professor Haslag spent 12 years in the Research Department at the Federal Reserve Bank of Dallas, teaching graduate and undergraduate courses at Southern Methodist University. He visited the Economics Department at Michigan State University in 2000 and the Department of Monetary Economics at Erasmus University, Rotterdam in 1994. He has published his research in such prestigious academic journals as the Journal of Monetary Economics, the Journal of Money, Credit, and Banking, The Review of Economics and Statistics, the International Economic Review, and the Review of Economic Dynamics, among other leading academic journals.
The third edition of this bestseller provides students with an in-depth understanding of basic microeconomics and macroeconomic concepts. This revised edition includes new subtopics such as Economic Growth, The Islamic Economy, Keynesian and Classical Demand for Money Market Equilibrium. In addition, authentic case studies have been provided for critical chapters. This edition has been revised thoroughly with new exercises at the end of every chapter.
Macroeconomics: Principles and Practice Asia Pacific Edition with Student Resources Access for 12 Months 1st Edition
Macroeconomics, under the authorship of Bruce Littleboy. Littleboy adapts Taylor’s revised reflections on the global financial crisis and how businesses are recovering. Examples of current events from Australia and New Zealand help explain how discussions on the role of the government can affect the economy. Macroeconomics: Principles and Practice is concerned with concepts, intuition and understanding, which sets it apart from competitor texts. Short run approach is introduced first, but there is an early introduction of the long-run, with Taylor’s Spending Allocation Model appearing towards the end.
Clarity and cutting-edge examples have made Statistics for Business and Economics the definitive textbook for students across the UK, Europe, Middle East and Africa. This new edition builds on the text’s well-respected foundations to deliver a clear, up-to-date and comprehensive revision. All the key concepts, combined with the latest technologies and applications, are introduced with hallmark precision, making this your complete introduction to business statistics.
This dedicated South African edition of Prof. N. Gregory Mankiw and Prof. Mark P. Taylor’s Economics combines up-to-date South African content and examples with a robust conceptual understanding of the subject using contemporary approaches to theory. The edition retains the features which have made the title so popular with students and instructors, including: the classic ten principles approach to economics – introduced in Chapter One and then referred to throughout the book designed to help build a framework for understanding. A rigorous emphasis throughout on ‘thinking like an economist’ – adopting the tools, methods and concepts economists use in addressing problems and issues. The main body of the text has been expertly tailored to South African students, encouraging them to apply the information and data supplied to their own environment and experiences.