• 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 for readers interested in learning about economic analysis of an issue as well for students embarking on research projectsFeatures chapters focused on cutting-edge topics with appeal for economists seeking to learn about extensions of analysis into new areas as well as new approaches Presents models in graphical format and summarizes empirical evidence in ways that do not require much background in statistics or econometrics, so as to maximize accessibility to students.

International Finance
International finance

International finance is the branch of international economics that deals with a variety of issues that are related to macroeconomic behavior, such as the determination of real income and the allocation of consumption over time, in a country that engages in international trade. As such, this field of study is also often referred to as international macroeconomics. Specific topics included in international finance include the balance of payments, exchange rate determination, and macroeconomic policy in an open economy. At the heart of this field is the fact that international economic activity between and among nations seldom, if ever, is perfectly balanced. Therefore, financial resources will tend to flow across borders. The core of international finance is the study of these flows, the ...

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