• 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.

Complexity and Economics
Complexity and economics

Complex systems research is a growing field in economics as well as other social and natural sciences. Complex systems research aims to understand underlying phenomena that regularly occur across various complex systems, whether those systems occur in physics, chemistry, biology, social sciences, or any other discipline. Thus, throughout the field, one finds models and methodologies being shared across disciplines. For instance, one finds statistical mechanics methods from physics applied to the study of infectious diseases in epidemiology. The study of economics from a complex systems or complexity perspective is closely tied to the study of complex systems in general.

Defining what is meant by a complex system or complexity can be a difficult task. When one looks up the root word ...

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