The main purpose of the book is to show how to get used to economic modeling. Therefore, the proof is conducted step by step in order to highlight theoretical foundations methodology leading to understand a given economic phenomenon. In spite of the subject, the main focus of the book is to initiate to fundamental economic analysis. The purpose of the book is to be able to use theoretical methodology in order to get answers to several economic questions. The key of the methodology remains on the assumptions made to build models. The subject and the style used in this book are conventional. But the originality of the book comes from its goal which is to initiate to fundamental economic research tools.
This book presents introductory economics material using standard mathematical tools, including calculus. It is designed for a relatively sophisticated undergraduate who has not taken a basic university course in economics. The book can easily serve as an intermediate microeconomics text. The focus of this book is on the conceptual tools. Contents: 1) What is Economics? 2) Supply and Demand. 3) The US Economy. 4) Producer Theory. 5) Consumer Theory. 6) Market Imperfections. 7) Strategic Behavior.
The aim of this book is the development of a universal economic theory. We mean, a theory based on economic problems relate to growth and development. We highlight appropriate analytical tools able to unify economic study of both poor and rich countries. The analysis shows first, it can be established a link between growth and development economics through a well being collective criteria which guarantee a positive evolution of the economic systems over time. Therefore, it becomes possible to control economic paths towards their long run locus. Second, the analysis begins on poverty and under development dilemmas in order to highlight the mechanics which link growth and development. The purpose of the analysis is the rise of standard economic development theory [Hirschman (1958), Rostow (1960), Lewis (1954)] which fall in the mid 1970s [Krugman (1994)] through its introduction in the growth literature which began with Smith (1776
Whether you are an economics, business or management student, or you are a businessman, this Economics course is for you. Economics plays an important role in our lives. Our, house, as well as business, both, depend on it. If we have complete grip over economics, we can improve our life a way better than before. As you know, to have complete grip over something we need to start working from its first root. For this purpose, if you want to learn and have complete grip over economics you must read this course i.e. Introduction to Economics. What you’ll learn in this book: Basics of Economics Economic Modeling Micro and Macro Economics What is Perfect Competition and Utility? Different Laws Economic Systems Different Types of Economics Taxation and Economics Lots, lots more!
This book approaches economic problems from a systems thinking and feedback perspective. By introducing system dynamics methods (including qualitative and quantitative techniques) and computer simulation models, the respective contributions apply feedback analysis and dynamic simulation modeling to important local, national, and global economics issues and concerns. Topics covered include: an introduction to macro modeling using a system dynamics framework; a system dynamics translation of the Phillips machine; a re-examination of classical economic theories from a feedback perspective; analyses of important social, ecological, and resource issues; the development of a biophysical economics module for global modelling; contributions to monetary and financial economics; analyses of macroeconomic growth, income distribution and alternative theories of well-being; and a re-examination of scenario macro modeling. The contributions also examine the philosophical differences between the economics and system dynamics communities in an effort to bridge existing gaps and compare methods. Many models and other supporting information are provided as online supplementary files. Consequently, the book appeals to students and scholars in economics, as well as to practitioners and policy analysts interested in using systems thinking and system dynamics modeling to understand and improve economic systems around the world. "Clearly, there is much space for more collaboration between the advocates of post-Keynesian economics and system dynamics! More generally, I would like to recommend this book to all scholars and practitioners interested in exploring the interface and synergies between economics, system dynamics, and feedback thinking." Comments in the Foreword by Marc Lavoie, Emeritus Professor, University of Ottawa and University of Sorbonne Paris Nord
The book's comprehensive coverage on the application of econometric methods to empirical analysis of economic issues is impressive. It uncovers the missing link between textbooks on economic theory and econometrics and highlights the powerful connection between economic theory and empirical analysis perfectly through examples on rigorous experimental design. The use of data sets for estimation derived with the Monte Carlo method helps facilitate the understanding of the role of hypothesis testing applied to economic models. Topics covered in the book are: consumer behavior, producer behavior, market equilibrium, macroeconomic models, qualitative-response models, panel data analysis and time-series analysis. Key econometric models are introduced, specified, estimated and evaluated. The treatment on methods of estimation in econometrics and the discipline of hypothesis testing makes it a must-have for graduate students of economics and econometrics and aids their understanding on how to estimate economic models and evaluate the results in terms of policy implications.
The second edition of this important textbook introduces students to the fundamental ideas of heterodox economics. It is written in a clear way by top heterodox scholars. This introductory book offers not only a critique of the dominant approach to economics, but also presents a positive and constructive alternative. Students interested in an explanation of the real world will find the heterodox approach not only satisfying, but ultimately better able to explain a money-using economy prone to periods of instability and crises.