The Economy

Author: Core Team
Publisher: Oxford University Press, USA
ISBN: 9780198810247
Size: 74.31 MB
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The only introductory economics text to equip students to address today's pressing problems by mastering the conceptual and quantitative tools of contemporary economics. OUP has partnered with the international collaborative project of CORE researchers and teachers to bring students a book andlearning system that complements and enhances CORE's open-access online e-book.The Economy is a new approach that integrates recent developments in economics including contract theory, strategic interaction, behavioural economics and financial instability. It challenges students to address inequality, climate change, economic instability, wealth creation and innovation andother problems. It has been adopted as the standard principles course at University College London, Sciences Po Paris and the Toulouse School of Economics.A new economics for the principles course The Economy begins with social interactions using elementary game theory and institutions modelled as rules of the game. This provides the basis for a modern treatment of markets including price-making as well as price-taking, the exercise of power, and the importance of social norms and adjustmentto disequilibria. Introducing labour and credit markets with incomplete contracts allows a consistent treatment of aggregate employment and fluctuations without the need for ad hoc sticky price and wage assumptions. Banks create money by extending credit and a central bank seeks to implement a target inflation rate. Growth and instability are illustrated from the Great Depression, through the post-war golden age of capitalism through to the financial crisis and ensuing uncertainties. Students acquire an understanding of the past and current evolution of the economy in its social and environmental context,equipping them to marshal evidence and articulate positions about contemporary policy issues.

Economics In A Changing World

Author: Jean-Paul Fitoussi
Publisher: Palgrave Macmillan
ISBN: 9780333601273
Size: 38.63 MB
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Growth patterns have changed radically over the last two decades, to which capital and the labour markets appear to have failed to adapt. Unemployment in Europe has been growing, almost without remission, to levels unseen since the Great Depression. These facts are somewhat at odds with the development of growth theory which has mainly been orientated towards an equilibrium full employment framework. The main message of equilibrium theory of fluctuations was precisely that the policy maker is impotent. Now, with the universal acceptance of endogenous growth theory, the common concensus proposition would be `we are all neo-classical for the short run and Keynesian for the long run' (investment being too important for growth to be left entirely in private hands).

Technology In A Changing World

Author: Organisation for Economic Co-operation and Development
Publisher: Organization for Economic
ISBN:
Size: 40.83 MB
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Economic Power In A Changing International System

Author: Ewan W. Anderson
Publisher: Psychology Press
ISBN: 9781855676336
Size: 43.28 MB
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An analysis of international economic power. Using as indicators the salient features of the economies of the major powers - the USA, Japan, the EU, Russia and China - it examines the concomitants of the new global system, dominated by economic rather than military considerations.

Employment Relations In A Changing World Economy

Author: Richard M. Locke
Publisher: MIT Press
ISBN: 9780262620987
Size: 18.85 MB
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An examination of the critical role that employment relations play in firm performance and industry competitiveness worldwide. The text contains essays that examine changes in the employment practices of 11 OECD (Organization for Economic Co-operation and Development) countries.