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.
This book is tailored for introductory courses on the Malaysian economy. Spanning eight chapters, the content focuses on the fundamental knowledge of the local economy. Discussions include the history and development of the Malaysia economy, and the various economic sectors of Malaysia. Also, Islamic perspectives have been included throughout the book, giving it a strong local flavour.
Table of Contents
- Chapter1. Introduction to Economic Development
- Chapter 2. Background of Economic Development
- Chapter 3. Socio-Economic Problems
- Chapter 4. Primary Sector: Agricultural Activity
- Chapter 5. Secondary Sector: Industrial Activity
- Chapter 6. Tertiary Sector: Public and Private Sector
- Chapter 7. Population and Employment
- Chapter 8. Foreign Sector: Important and Impacts of Globalization
Commerce.dot.com has been fully revised and updated, while retaining its original features that proved so popular. It incorporates the four core topics of the NSW Commerce syllabus: consumer choice, personal finance, law and society, and employment issues, while providing plenty of examples to consolidate student understanding. This homework book provides additional activities and extension material to complement the core text.
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.
Simple Program Design with Student Resource Access for 6 Months: A Step-by-Step-Approach 5th Edition
This best-selling publication is designed for readers who want to solve common business challenges through programming techniques. Readers are guided to properly define the problem, divide it into modules, design a solution algorithm, and prove the algorithms correctness, before commencing any program code. By using pseudocode and modern programming techniques, the programmer can concentrate on developing a well-designed and correct solution, and thus eliminate many frustrating hours at the testing phase. This comprehensive and practical text provides thorough coverage and practical examples relating to business applications, and features a consistently structured approach when representing algorithms in hierarchy charts. The text is divided into two sections, the first covering algorithm design in the context of traditional programming and languages, and the second addressing algorithm design in the context of object-oriented programming. Coverage of these two key contexts equips students with the knowledge to solve day-to-day common business programming errors.