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Books in Economics and finance

Our Economics and Finance titles are essential reading for students, scholars, policymakers, and market practitioners who want to stay up-to-date with the latest research and foundational topics in the field, from financial markets and trade to e-commerce, econometrics, quantiative investing, financial technology, financial engineering, global finance, corporate finance, law and economics, macro and microeconomics, and risk management.

Titles manage to balance quality of content with the increasing demand for a wider view of the vast array of topics in the field of Economics and Finance.

  • Money, Banking, and the Economy

    A Monetarist View
    • 1st Edition
    • Barry N. Siegel
    • English
    Money, Banking, and the Economy: A Monetarist View presents a systematic "monetarist" approach to money, banking, and the economy. The monetarist approach is a blend of the pre-Keynesian quantity theory, the tradition represented by D. H. Robertson, and the modern monetarist school, represented by Milton Friedman and his followers. A systematic development of a model of nominal income, based upon the Cambridge equation and the loanable funds theory of interest, is presented. This model is applied to the business cycle; inflation and stagflation; balance of payments and foreign exchange rates; and monetary and fiscal policy theories. Comprised of 20 chapters, this book begins with an introduction to the concept of money and its functions and how it contributes to economic instability. The discussion then turns to the new and old definitions of the things that serve as money, the structure and institutions of financial markets and financial instruments; banks, banking markets, and banking regulations; and the money supply process. Subsequent chapters explore the structure and functions of the Federal Reserve System; the problem of implementing monetary policy; the Clower-Leijonhufvud idea of Say's Principle; the quantity theory of money as described by the equation of exchange or the Cambridge equation; and the connection between money and business cycles. The book concludes by describing a monetarist-public choice perspective on the efficacy of monetary and fiscal policies. This monograph will be of value to undergraduate students and economists.
  • Introductory Microeconomics

    • 1st Edition
    • Michael Veseth
    • English
    Introductory Microeconomics explains the basic principles of microeconomics, producer and consumer choices, resource markets, and government policies. The book describes the economics of exchange, such as the role of economic growth, factors that determine the amount and types of exchange, the supply and demand model of market operations, price setting, price changes, and the impact of one market on other markets. The text also explains market failures in terms of free market choice, externalities of failures, monopolies, as well as scarcity and choices leading to poverty. When economic policies are considered by the state, there are trade-offs that are necessary in the exchange. Before the government should make decisions, it always has to consider two opportunity costs, namely, 1) budget constraints, and 2) the opportunity cost of the funds spent in the private sector. For example (no. 1), if more money is spent on transfer payments, less will be left for education, national defense, infrastructure. Another example (no. 2) is when the government collects taxes, a direct loss in real income and utility among consumers will result. The book also presents real world economics in terms of the social security tax in the United States. The book can prove valuable for students of economics or business, sociologists, general readers interested in real-world economics, and policy makers involved in national economic development.
  • Labor in the Twentieth Century

    • 1st Edition
    • John T. Dunlop + 1 more
    • English
    Labor in the Twentieth Century provides the comparative method of reviewing labor in five advanced democratic countries. This book presents statistical series for employment, unemployment, wages, hours, and labor disputes. Organized into five chapters, this book begins with an overview of the major changes in the characteristics of both workers and their jobs that have occurred since 1990. This text then examines the social, political, and economic environment of Germany. Other chapters consider the factors that have made France exceptional, including the use of foreign manpower, the heavy labor-force participation of women, and the long period of demographic stagnation connected with low birthrates at the beginning of the 19th century. This book discusses as well the scarcity in the labor market, particularly of qualified manpower. The final chapter deals with the Westerner's conceptualization of Japanese industrialist relation. This book is a valuable resource for economists, historians, and social scientists.
  • Noncooperative Approaches to the Theory of Perfect Competition

    • 1st Edition
    • Andreu Mas-Colell
    • English
    Economic Theory, Econometrics, and Mathematical Economics: A Series of Monographs and Textbooks: Noncooperative Approaches to the Theory of Perfect Competition focuses on the application of noncooperative approaches to the theory of perfect competition, including Cournot game, no-surplus condition, and Nash equilibria. The selection first elaborates on collusive behavior in noncooperative epsilon-equilibria of oligopolies with long but finite lives and noncooperative price taking in large dynamic markets. Discussions focus on noncooperative equilibria which support the monopoly allocation, alternative definition of perfect epsilon-equilibrium, one-period Cournot game, fixed-demand case, and replication case. The book takes a look at noncooperative price taking in large dynamic markets, no-surplus condition as a characterization of perfectly competitive equilibrium, perfect competition, profit criterion, and the organization of economic activity. Topics include profits to individually improving welfare, structure of firms, competitive allocations as no surplus allocations, profits as rents, Walrasian and perfectly competitive equilibrium, and no-surplus and core equivalence as alternative characterizations of perfectly competitive equilibrium. The manuscript ponders on Nash equilibria of market games and efficiency properties of strategic market games, as well as commodities, agents, assignments, strategic markets games, proper and full Cournot-Nash equilibria, and finiteness and inefficiency. The selection is a valuable source of data for researchers interested in noncooperative approaches to the theory of perfect competition.
  • A Lexicon of Economics

    • 1st Edition
    • Kenyon A. Knopf
    • English
    A Lexicon of Economics compiles definitions and abbreviations of many commonly used economic terms and concepts. This book begins by providing a list of abbreviations, acronyms, and foreign phrases, followed by the definition of economic terms that are organized into alphabetical order. This compilation aims to address two difficulties in the idiom of economics—first is the exact use of a very specific definition for a common word that has many diverse meanings in everyday usage, and secondly, the interpretation of acronyms and abbreviations frequently used in economic and financial discussions. This monograph is suitable for professionals who want a handy, clear explanation of the economic terms they hear or read everyday.
  • International Economics and Development

    Essays in Honor of Raúl Prebisch
    • 1st Edition
    • Luis Eugenio Di Marco
    • English
    International Economics and Development: Essays in Honor of Raúl Prebisch provides information pertinent to the developments in the field of international economies as it relates to the problems of the underdeveloped countries. This book provides a brief biography of Professor Raúl Prebisch and his many contributions to international economics. Organized into eight parts encompassing 22 chapters, this book begins with an overview of the influence of Prebisch on Latin American international development policy. This text then examines the problem that has always been of real concern to the U.N. since the creation of the organization, namely, the social and economic development of underdeveloped countries. Other chapters consider the problem of economic development of the countries newly involved in the process of growth. This book discusses as well the relationship between stability conditions of real and monetary models of international trade. The final chapter deals with the characteristics of underdevelopment. This book is a valuable resource for economists.
  • Forecasting Economic Time Series

    • 2nd Edition
    • C. W. J. Granger + 1 more
    • Karl Shell
    • English
    Economic Theory, Econometrics, and Mathematical Economics, Second Edition: Forecasting Economic Time Series presents the developments in time series analysis and forecasting theory and practice. This book discusses the application of time series procedures in mainstream economic theory and econometric model building. Organized into 10 chapters, this edition begins with an overview of the problem of dealing with time series possessing a deterministic seasonal component. This text then provides a description of time series in terms of models known as the time-domain approach. Other chapters consider an alternative approach, known as spectral or frequency-domain analysis, that often provides useful insights into the properties of a series. This book discusses as well a unified approach to the fitting of linear models to a given time series. The final chapter deals with the main advantage of having a Gaussian series wherein the optimal single series, least-squares forecast will be a linear forecast. This book is a valuable resource for economists.
  • Seasonality in Regression

    • 1st Edition
    • Svend Hylleberg
    • Karl Shell
    • English
    Seasonality in Regression presents the problems of seasonality in economic regression models. This book discusses the procedures that may have application in practical econometric work. Organized into eight chapters, this book begins with an overview of the tremendous increase in the computational capabilities made by the development of the electronic computer that has profound implications for the way seasonality is handled by economists. This text then examines some seasonal models and their characteristics. Other chapters consider the most frequently applied evaluation criteria and appraise the values in the applications. This book discusses as well the frequency domain estimators and provides insight into problems of estimating the disturbance–covarian... matrix through the use of the disturbance spectrum. The final chapter deals with the main objective of the treatment of personality to formulate and estimate econometric models. This book is a valuable resource for economists and econometricians who have knowledge of econometrics at an advanced undergraduate or graduate level.
  • Econometric Analysis of Regional Systems

    Explorations in Model Building and Policy Analysis
    • 1st Edition
    • Norman J. Glickman
    • Edwin S. Mills
    • English
    Econometric Analysis of Regional Systems: Explorations in Model Building and Policy Analysis provides information pertinent to the use of regional econometric models for forecasting and policy analysis. This book presents macroeconomic forecasting for metropolitan regions. Organized into five chapters, this book begins with an overview of the problem of forecasting regional economic activity. This text then analyzes the principal types, economic base, input–output, and econometric of the regional economic models. Other chapters consider a large-scale econometric model for the Philadelphia region based on time series data to make forecasts for output, employment, prices, wages, income, economic activity, and other economic aggregates. This book discusses as well the types of forecasting models used in regional analysis. The final chapter deals with econometric techniques to bear on the problem of regional economic forecasting. This book is a valuable resource for economists, local policy makers, and government officials.
  • Introductory Economics

    • 1st Edition
    • Michael Veseth
    • English
    Introductory Economics deals with the national economy as a whole—macroeconomics... in terms of inflation and unemployment. The book also discusses individual economic decision-makers—micr... in view of the problems of scarcity and choice. Macroeconomics uses the market model of demand and supply as a tool to analyze the causes of, and present some cures for modern economic ailments. The text examines the economics of government fiscal policies with the framework of an aggregate demand and supply model. The book compares monetary policy and fiscal policy, explains the monetarist model of economic activity, and also investigates the roles of money, credit, interest rates. These economic activities have international consequences such as in trade, exchange rates, and on prevailing and future national economic policies. In microeconomics, the book focuses on the economics of exchange, the market mechanisms that increase the gains from trade, and the problems of choice facing consumers and producers in a competitive market. The text also tackles the problems found in resource markets (labor, natural resources, energy), in market failure, as well as analyzes the role of government. Economists, sociologists, students of economics or business, general readers interested in real-world economics, and policy makers involved in national economic development will find the book valuable.