• 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 of Migration
Economics of migration

The economics of migration is a sizable topic area within economics that encompasses broadly defined studies of the movement of people within and across economies. Studies of intranational, or internal, migration focus on movements within a country's borders, whereas studies of international migration (emigration and immigration) focus on movements across international boundaries. The economics of migration spans several subdisciplines within economics. Both microeconomists and macroeconomists are interested in how migration affects markets for labor, other factors of production, and output. Labor economists are particularly interested in migration as it is an important determinant of labor market outcomes such as wages and employment. Public economists and public policy makers are interested in the effects of migration on the social surplus and ...

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