• Summary
  • Contents
  • Subject index

Interest in economics is at an all-time high. Among the challenges facing the nation is an economy with rapidly rising unemployment, failures of major businesses and industries, and continued dependence on oil with its wildly fluctuating price. Economists have dealt with such questions for generations, but they have taken on new meaning and significance.Tackling these questions and encompassing analysis of traditional economic theory and topics as well as those that economists have only more recently addressed, 21st Century Economics: A Reference Handbook is a must-have reference resource.Key FeaturesProvides highly readable summaries of theory and models in key areas of micro and macroeconomics, helpful for students trying to get a "big picture" sense of the fieldIncludes introductions to relevant theory as well as empirical evidence, useful ...

Public Finance
Public finance

Public finance, commonly referred to as public economics, is the field of economics that examines the role of the government in the economy and the economic consequences of the government's actions.1 A notable exception to this definition is the study of the government's effects on the business cycle, which is usually considered to be a part of macroeconomics rather than public finance. Public finance is concerned with both positive and normative economic issues. Positive economics is the division of economics that examines the consequences of economic actions and thus includes the development of theory, whereas normative economics brings in value judgments about what should be done to analyses and often gives recommendations for public policy. Normative economic issues, in fact, are discussed ...

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