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Recessions and Depressions
The economy of any nation is an intricate web of relationships among the factors determining supply and demand--and everything that affects them, from inflation to taxes to the stock market. The study of business cycles attempts to explain why economies grow and contract, experiencing periods of prosperity and pain. Consistent with the popular conception of economics as the dismal science, economists secretly long for recessions (periods of negative growth) and depressions (severe contractions), not because they enjoy their devastating impact on human welfare, but because these downturns serve as excellent laboratories for observing what happens when markets break down. Despite over two cent...
Global Finance in Emerging Market Economies
Emerging market economies have accounted for three quarters of world economic growth and more than half of world output over the last decade. But the energy and ideas inherent in emerging economies cannot generate growth by themselves without resources to support them — and first among these resources is money which is needed to purchase the capital and knowhow that turn ideas and initiative into income. How do emerging economies rich in resources other than money get money? This question encapsulates what emerging market finance is all about, and why finance is absolutely crucial to economic development. In emerging countries, most of the population does not have access to bank accounts o...
Understanding Economic Inequality
In Understanding Economic Inequality, the author brings an economist’s perspective informed by new, groundbreaking research on inequality from philosophy, sociology, psychology, and political science and presents it in a form that it is accessible to those who want to understand our world, our society, our politics, our paychecks, and our neighbors’ paychecks better.
Business Cycle Economics
Presents the empirical data of business cycles and the theories that economists have developed to explain and prevent them, and considers case studies of recessions and depressions in the United States and internationally. Despite more than two centuries of debate, a definitive explanation of the causes of economic cycles still does not exist. Economists, politicians, and policymakers have argued many well-known theories as to why these peaks and slumps occur, and cyclical recessions and depressions continue in spite of the enormous intellectual reserves working to prevent them. This timely analysis presents a comprehensive overview of global economics, assessing older theories alongside of ...
Modern Financial Macroeconomics
Modern Financial Macroeconomics takes a non-technical approach in examining the role that financial markets and institutions play in shaping outcomes in the modern macro economy. Reviews historical and contemporary macroeconomic theory Examines governmental influence on moderating (or exacerbating) economic fluctuations Discusses both empirical and theoretical links between financial systems and economic performance, as well as case studies detailing the role of finance in specific business cycle episodes
Stocks and Bonds
This engaging book offers a primer on stocks and bonds, using easy-to-understand language to explain how they function and why they are important. It will be a valuable resource for both economics students and readers interested in investing. Although news outlets provide daily updates on stock market performance, many Americans have little understanding of how stocks and stock exchanges work. Yet stocks, along with government and corporate bonds, represent two key cornerstones of modern economics. While the average American may think of them as simply two types of investments, stocks and bonds have impacts on the economy that go far beyond the realm of personal finance. The latest volume in...
Understanding the Revelation
Does The Revelation confuse you? Has the reading of books about The Revelation only made you more confused? Now from author Dr. Keith Kunda comes a book entitled Understanding The Revelation that brings clarity to this vital Bible book. You will grasp the chronology of the book, see where there are interludes and supplemental material, learn the meaning of symbols, and apply what you learn to your life. Whether you are a layperson reading The Revelation for the first time or a veteran pastor who has studied it for years, this valuable book will bring new insight into the glorious truth of The Revelation: Jesus is coming again!
The Traveling Economist
This fascinating book introduces travelers—of the body or the mind—to a few simple economic concepts that will help them to think differently and more deeply about the differences between the people and the places they visit during their journeys. The principles and mechanics of economics are firmly rooted in everything around us, in our home country as well as in every nation and culture around the world. Having a basic grasp of economics can help all travelers to think more carefully about why things work differently in different places. Armed with this knowledge, readers will be equipped to better appreciate—and learn from—the beauty and complexity of the world around us. The Trav...
Deficit
At the turn of this century, the American national debt stood at just under $6 trillion and the deficit at a "mere" $86 billion. Today, the national debt has topped $15 trillion, and the yearly deficit for 2012 is projected at a whopping $1.2 trillion. This new, second edition of Deficits: Why Should I Care? updates all the statistics, charts, and forecasts, while adding a new chapter on how global economies now, for better or worse, affect the U.S. debt and the annual budget deficit. It also includes a new appendix detailing how the U.S. political parties view the debt issue. According to the U.S. Treasury Department’s Annual Report on the Public Debt, the debt is estimated to hit $19.6 t...
International Macroeconomics
International Macroeconomics provides students with an analytically rigorous introduction to the impact of globalization on macroeconomics. Presents an analytically rigorous introduction to the field and uniquely includes optional econometric studies Provides a unified macroeconomic model to examine rigorously international macroeconomics and then focuses this model on historic cases, institutions, and specific countries, dealing with various types of macroeconomic crises Provides a strong policy orientation by an author who worked for many years at the IMF Is supported by a website with extensive solutions for the problem sets, PowerPoint slides, and an update on the 08-09 meltdown
