• 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.

The Economics of Fair Trade
The economics of fair trade

After oil, coffee is the most traded commodity in the world. Like all commodities, coffee prices have historically been quite volatile. Coffee, unlike other internationally important commodities, is frequently produced by small family-run operations. As such, volatile and unpredictable coffee prices leave coffee producers in a vulnerable and precarious position. Furthermore, coffee is an important source of export earnings and foreign exchange for many countries, particularly developing countries. This is due to the geography of coffee. Coffee is a tree crop that thrives when grown at an altitude along the equator, situating it principally in developing countries. Fluctuating coffee prices create income uncertainty for households and nations that rely on coffee earnings.

There is a long history ...

  • Loading...
locked icon

Sign in to access this content

Get a 30 day FREE TRIAL

  • Watch videos from a variety of sources bringing classroom topics to life
  • Read modern, diverse business cases
  • Explore hundreds of books and reference titles