Category Archives: Books

New General Circulation Books – July 2019

Economic Modeling In The Post Great Recession Era : Incomplete Data, Imperfect Markets

Authors: John Silvia, [and two others].

Publisher:John Wiley & Sons

Year: 2017

Subjects:ECONOMETRICS MODELS–UNITED STATES.

      Description:

Economic Modeling in the Post Great Recession Era presents a more realistic approach to modeling, using direct statistical applications to address the characteristics and trends central to current market behaviors. This book’s unique focus on the reality of today’s markets makes it an invaluable resource for students and practitioners seeking a comprehensive guide to more accurate forecasting. While most books treat the economy as if it were in a vacuum, building models around idealized or perception-biased behaviors, this book deals with the economy as it currently stands—in a state of recovery, limited by financial constraints, imperfect information, and lags and disparities in price movements. The authors identify how these characteristics impact various markets’ behaviors, and quantify those behaviors using SAS as the primary statistical tool. More…

Economics

Authors: N. Gregory Mankiw and Mark P. Taylor.

Publisher: Cengage Learning

Year: 2017

Subjects:ECONOMICS.

     Description:

Now firmly established as one of the leading economics principles texts in the UK and Europe, this exciting new fourth edition of Economics by N. Gregory Mankiw (Harvard University) and Mark P. Taylor (Washington University), has been fully updated. New topics have been added in including theories on, for example, Marxist and Feminist theories on labour giving wider context to economic issues. A new chapter on Issues in Financial markets has been added covering the financial crisis and its causes and the final chapter has been updated to reflect the post-crisis world and how theories of the cr. More…

Factors Affecting Worker Well-Being : The Impact Of Change In The Labor Market

Authors: Solomon W. Polachek and Konstantinos Tatsiramos.

Publisher: Emerald

Year: 2014

Subjects:WORK ENVIRONMENT.

       Description:

This volume puts the spotlight on worker well-being. It looks at key questions such as: How important is incentive pay in increasing worker productivity? Does monitoring productivity affect a worker’s earnings trajectory? How is the decision to retire different in two-earner families compared to one-earner families? More…

Intermediate Macroeconomics

Authors: John Silvia, [and two others].

Publisher:John Wiley & Sons

Year: 2017

Subjects:ECONOMETRICS MODELS–UNITED STATES.

     Description:

Economic Modeling in the Post Great Recession Era presents a more realistic approach to modeling, using direct statistical applications to address the characteristics and trends central to current market behaviors. This book’s unique focus on the reality of today’s markets makes it an invaluable resource for students and practitioners seeking a comprehensive guide to more accurate forecasting. While most books treat the economy as if it were in a vacuum, building models around idealized or perception-biased behaviors, this book deals with the economy as it currently stands—in a state of recovery, limited by financial constraints, imperfect information, and lags and disparities in price movements. The authors identify how these characteristics impact various markets’ behaviors, and quantify those behaviors using SAS as the primary statistical tool. More…

International Money And Finance

Author: Anthony J. Makin.

Publisher:Routledge

Year: 2017

Subjects:INTERNATIONAL FINANCE.

     Description:

This textbook focuses on key international monetary and financial phenomena, exploring the determinants of exchange rates, international competitiveness, interest rates, saving, investment, international capital flows, commodity prices, the terms of trade, financial crises, foreign investment and economic growth. The text enhances understanding of international money and finance by providing background on globalisation and characteristics of the world economy, as well as detailed explanation of important international monetary variables. It then systematically develops a suite of compatible theoretical frameworks to analyse perennially important international monetary questions. More…

Investors And Exploiters In Ecology And Economics : Principles And Applications

Authors: Luc-Alain Giraldeau, Philipp Heeb, and Michael Kosfeld. .

Publisher:MIT Press

Year: 2017

Subjects:EXPLOITATION ; INVESTMENT ;COOPERATION.

     Description:

In the natural world, some agents (investors) employ strategies that provide resources, services, or information, while others (exploiters) gain advantages through these efforts. This behavior coexists and can be observed in many species and at many levels. For example, bacteria depend on the existence of biofilms to synthesize constituent proteins; cancerous cells employ angiogenesis to feed a tumor; and parents forgo vaccinating their children yet benefit from herd immunity. Two independent research traditions have developed to analyze this behavior―one couched in evolutionary theory championed by behavioral ecologists, the other in social science concepts advocated by economists. In this book experts from economics, evolutionary biology, behavioral ecology, public health, and anthropology look for commonalities in understanding and approach. More…

Macroeconomics

Authors: N. Gregory Mankiw and Mark P. Taylor..

Publisher: Cengage Learning

Year: 2017

Subjects:MACROECONOMICS.

     Description:

Now firmly established as one of the leading economics principles texts in the UK and Europe, this exciting fourth edition of Economics by N. Gregory Mankiw (Harvard University) and Mark P. Taylor (Washington University), has been fully updated. New topics have been added in including theories on, for example, Marxist and Feminist theories on labour giving wider context to economic issues. A new chapter on Issues in Financial markets has been added covering the financial crisis and its causes and the final chapter has been updated to reflect the post-crisis world and how theories of the crisis have emerged. More…

Open Economy Macroeconomics

Authors: Martin Uribe and Stephanie Schmitt-Grohae.

Publisher:Princeton University Press

Year: 2017

Subjects:ECONOMIC POLICY ; MACROECONOMICS ;POLITICAL PLANNING.

     Description:

Combining theoretical models and data in ways unimaginable just a few years ago, open economy macroeconomics has experienced enormous growth over the past several decades. This rigorous and self-contained textbook brings graduate students, scholars, and policymakers to the research frontier and provides the tools and context necessary for new research and policy proposals.Martín Uribe and Stephanie Schmitt-Grohé factor in the discipline’s latest developments, including major theoretical advances in incorporating financial and nominal frictions into microfounded dynamic models of the open economy, the availability of macro- and microdata for emerging and developed countries, and a revolution in the tools available to simulate and estimate dynamic stochastic models. The authors begin with a canonical general equilibrium model of an open economy and then build levels of complexity through the coverage of important topics such as international business-cycle analysis, financial frictions as drivers and transmitters of business cycles and global crises, sovereign default, pecuniary externalities, involuntary unemployment, optimal macroprudential policy, and the role of nominal rigidities in shaping optimal exchange-rate policy. More…

The End Of Theory : Financial Crises, The Failure Of Economics, And The Sweep Of Human Interaction

Author: Richard Bookstaber.

Publisher: Princeton University Press

Year: 2017

Subjects:FINANCIAL CRISES– FORECASTING ; HUMAN BEHAVIOR.

     Description:

Our economy may have recovered from the Great Recession—but not our economics. In The End of Theory, Richard Bookstaber discusses why the human condition and the radical uncertainty of our world renders the standard economic model—and the theory behind it—useless for dealing with financial crises. What model should replace it? None. At least not any version we’ve been using for the past two hundred years. Instead, Bookstaber argues for a new approach called agent-based economics, one that takes as a starting point the fact that we are humans, not the optimizing automatons that standard economics assumes we are.Bookstaber’s groundbreaking paradigm promises to do a far better job at preventing crises and managing those that break out. As he explains, our varied memories and imaginations color our economic behavior in unexpected hues. Agent-based modeling embraces these nuances by avoiding the mechanistic, unrealistic structure of our current economic approach. Bookstaber tackles issues such as radical uncertainty, when circumstances take place beyond our anticipation, and emergence, when innocent, everyday interactions combine to create sudden chaos. Starting with the realization that future crises cannot be predicted by the past, he proposes an approach that recognizes the human narrative while addressing market realities. More…

The History Of Economic Ideas : Economic Thought In Contemporary Context

Author: Brandon Dupont.

Publisher: Routledge

Year: 2017

Subjects:ECONOMIC HISTORY.

    Description:

Table of Contents–An overview of the history of economic ideas — The ethical foundations of economics — Property rights from Plato to the 21st century — The emergence of modern price theory — Money, lending and interest — Public finance in historical perspective — Depressing thoughts – theories of recessions and depressions — Economic growth theory in historical perspective — The history of international trade theory — Population, environmental and resource issues in historical perspective More…

New Reserve Book – July 2019

Microeconomics With Spreadsheets

Editors: Suren Basov.

Publisher:World Scientific Publishing

Year: 2017

Subjects:MICROECONOMICS.

      Description:

Microeconomics studies the choices made by individuals under conditions of scarcity of resources and time and the interaction between different decision makers. Scarcity forces economic actors to choose one opportunity among many. Microeconomics with Spreadsheets starts with the mathematical preliminaries and covers consumer theory, producer theory, general equilibrium, game theory, market structure and economics of information.The reader will use numerical tools to analyse problems that cannot be analysed analytically. There is a natural synergy between rigorous proofs and numerical methods, since before using a numerical method one should also prove that a solution exists and analyse whether it is unique, and therefore be able to interpret properly the output of a program. More…