• 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.

Economic Analysis of the Family
Economic analysis of the family

One of the notable characteristics of economics over the end of the twentieth and start of the twenty-first century is the extension of economic analysis to subject matter that was not traditionally thought of as economic. Books like Freakonomics (Levitt & Dubner, 2005) demonstrate these new applications of economics, and these books' popular success indicates that there is a demand for the use of economics to shed light on a variety of social issues. The origins of this extension of economics to the noneconomic in this fashion are often associated with work at the University of Chicago, in particular the work of 1992 Nobel Laureate Gary Becker. Much of Becker's (1960, 1973, 1974) seminal work in ...

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