• 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.

Economics and Race
Economics and race

Race is a construction of society. These small, observable differences, often in pigmentation and physical characteristics, have, throughout time, played a role in defining and reinforcing other less easily observed differences. This is true both across groups and within groups. However, even using the term groups may be misleading. This spectrum of observable differences has two important consequences. First, unique individuals that may have little else in common are grouped as similar by others. Second, by being treated as a member of said group, one's own identity of self is altered. This chapter first looks at socioeconomic measures for those defined as members of certain racial groups. Traditional measures such as earnings, education, and segregation present the reader with foundational ...

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