The Microeconomics of Complex Economies

The Microeconomics of Complex Economies
Author: Wolfram Elsner,Torsten Heinrich,Henning Schwardt
Publsiher: Academic Press
Total Pages: 600
Release: 2014-04-15
ISBN 10: 0124115993
ISBN 13: 9780124115996
Language: EN, FR, DE, ES & NL

The Microeconomics of Complex Economies Book Review:

The Microeconomics of Complex Economies uses game theory, modeling approaches, formal techniques, and computer simulations to teach useful, accessible approaches to real modern economies. It covers topics of information and innovation, including national and regional systems of innovation; clustered and networked firms; and open-source/open-innovation production and use. Its final chapter on policy perspectives and decisions confirms the value of the toolset. Written so chapters can be used independently, the book includes an introduction to computer simulation and pedagogical supplements. Its formal, accessible treatment of complexity goes beyond the scopes of neoclassical and mainstream economics. The highly interdependent economy of the 21st century demands a reconsideration of economic theories. Describes the usefulness of complex heterodox economics Emphasizes divergences and convergences with neoclassical economic theories and perspectives Fits easily into courses on intermediate microeconomics, industrial organization, and games through self-contained chapters

Studyguide for the Microeconomics of Complex Economies

Studyguide for the Microeconomics of Complex Economies
Author: Cram101 Textbook Reviews
Publsiher: Cram101
Total Pages: 120
Release: 2014-06-18
ISBN 10: 9781497014404
ISBN 13: 1497014409
Language: EN, FR, DE, ES & NL

Studyguide for the Microeconomics of Complex Economies Book Review:

Never HIGHLIGHT a Book Again! Includes all testable terms, concepts, persons, places, and events. Cram101 Just the FACTS101 studyguides gives all of the outlines, highlights, and quizzes for your textbook with optional online comprehensive practice tests. Only Cram101 is Textbook Specific. Accompanies: 9780124115859. This item is printed on demand.

Microeconomics of Interactive Economies

Microeconomics of Interactive Economies
Author: Wolfram Elsner
Publsiher: Edward Elgar Publishing
Total Pages: 272
Release: 2012-01-01
ISBN 10: 1781953406
ISBN 13: 9781781953402
Language: EN, FR, DE, ES & NL

Microeconomics of Interactive Economies Book Review:

A 'Non-Toxic' Intermediate Textbook 'Here, at last, we have the ideal textbook for microeconomics from an evolutionary and institutional perspective. Wolfram Elsner does nothing less than reconstruct the principles of microeconomics for a world of interactive business networks, change and innovation, crisis and uncertainty, as well as coordination problems and cooperative joint ventures. The publication of this book is a landmark event in microeconomics.' – Phillip A. O'Hara, Curtin University of Technology, Perth, Australia and President-Elect of AFEE, 2012 'This microeconomics textbook by Wolfram Elsner provides a timely alternative for understanding the micro roots of uncertainty, complexity and crisis. The evolutionary and institutional perspective sheds new light on contemporary issues such as clusters, networks, innovation and coordination. By reading this textbook, teachers, students and practitioners will open their minds to new economic thinking.' – Ping Chen, Peking University, Beijing, Fudan University, Shanghai, China and author of Economic Complexity and Equilibrium Illusion This thorough reconstruction of microeconomics 'post-2008' provides economic students with a new way of real-world understanding and strategic qualification that will be better appreciated by their future employers and any professional practice. It will prove essential for economic students and other social science programs at a graduate level. This accessible and engaging textbook includes: • A survey of the most famous core models of modern microeconomics including the neoclassical approach and its heterodox critiques – Sraffian, Institutionalist, Post-Keynesian and Mirowskian • An introduction to complexity thinking in economics • An introduction to game theory • An introduction to the methods of complex computer simulation • An introduction to strategic behavior • An newly integrated approach to real-world and complexity economics, rather than focusing on neoclassical ('perfect') market equilibrium 'plus a thousand recent extra things on top'. See the companion website – www.microeconomics.us – for teaching material, readings, exams and as a general guide to explore issues raised in the book.

Innovation Intellectual Property and Economic Growth

Innovation  Intellectual Property  and Economic Growth
Author: Christine Greenhalgh,Mark Rogers
Publsiher: Princeton University Press
Total Pages: 366
Release: 2010-01-24
ISBN 10: 0691137994
ISBN 13: 9780691137995
Language: EN, FR, DE, ES & NL

Innovation Intellectual Property and Economic Growth Book Review:

Christine Greenhalgh explains the complex process of innovation & how it sustains the growth of firms, industries & economies, combining microeconomic & macroeconomic analysis.

Complexity and the Economy

Complexity and the Economy
Author: W. Brian Arthur
Publsiher: Oxford University Press, USA
Total Pages: 211
Release: 2015
ISBN 10: 0199334293
ISBN 13: 9780199334292
Language: EN, FR, DE, ES & NL

Complexity and the Economy Book Review:

A collection of previous published papers by the author on the subject of complexity economics, appearing from the 1980s to the present.

Microeconomic Modeling in Urban Science

Microeconomic Modeling in Urban Science
Author: Francisco Martínez Concha
Publsiher: Academic Press
Total Pages: 294
Release: 2018-07-10
ISBN 10: 0128152974
ISBN 13: 9780128152973
Language: EN, FR, DE, ES & NL

Microeconomic Modeling in Urban Science Book Review:

Microeconomic Modeling in Urban Science proposes an interdisciplinary framework for the analysis of urban systems. It portrays agents as rational beings modeled under the framework of random utility behavior and interacting in a complex market of location auctions, location externalities, agglomeration economies, transport accessibility attributes, and planning regulations and incentives. Francisco Javier Martinez Concha considers the optimal planning of cities as he explores interactions between citizens and between citizens and firms, the mesoscopic agglomeration of firms and the segregation of agents’ socioeconomic clusters, and the emergence of city-level scale laws. Its unified model of city life is relevant to micro-, meso- and macro-scale interactions. Presents a unified, coherent and realistic framework able to simulate complete urban systems Describes the use of discrete–choice and stochastic behavior models in the auction spatial-equilibrium market Includes computing outputs from Cube-Land modeling using GIS

The Economic System

The Economic System
Author: Eleanor Doyle
Publsiher: Wiley
Total Pages: 418
Release: 2005-05-06
ISBN 10: 9780470850015
ISBN 13: 0470850019
Language: EN, FR, DE, ES & NL

The Economic System Book Review:

The Economic System provides an accessible account of introductory economics theory that allows students more fully to appreciate the main features and complexity of the Economic System by integrating microeconomic and macroeconomic principles on a topic-by-topic basis. The purpose of the approach is to allow the student to understand the economy as a system of complex and inter-related features incorporating: consumers, producers, markets and governments based on an understanding of the roles of prices and markets and exchange. This structure provides a context whereby students understand that to analyse issues from an economic perspective often requires the use of both micro- and macroeconomic tools and an appreciation of the interrelationships that exist between them. An explicit aim in the book is to clarify how models and concepts in economics are useful as tools that support rigorous, methodical and logical analysis and not simply useful to solve mathematical "puzzles" by providing one "correct" answer.

Principles of Microeconomics 2e

Principles of Microeconomics 2e
Author: Openstax,Timothy Taylor,Steven A. Greenlaw,David Shapiro
Publsiher: Unknown
Total Pages: 571
Release: 2017-10-12
ISBN 10: 9781680920871
ISBN 13: 1680920871
Language: EN, FR, DE, ES & NL

Principles of Microeconomics 2e Book Review:

Principles of Microeconomics 2e covers the scope and sequence of most introductory microeconomics courses. The text includes many current examples, which are handled in a politically equitable way. The outcome is a balanced approach to the theory and application of economics concepts. The second edition has been thoroughly revised to increase clarity, update data and current event impacts, and incorporate the feedback from many reviewers and adopters. The text and images in this book are grayscale. The first (previous) edition of Principles of Microeconomics via OpenStax is available via ISBN 9781680920093.

Good Economics for Hard Times

Good Economics for Hard Times
Author: Abhijit V. Banerjee,Esther Duflo
Publsiher: PublicAffairs
Total Pages: 432
Release: 2019-11-12
ISBN 10: 1541762878
ISBN 13: 9781541762879
Language: EN, FR, DE, ES & NL

Good Economics for Hard Times Book Review:

The winners of the Nobel Prize show how economics, when done right, can help us solve the thorniest social and political problems of our day. Figuring out how to deal with today's critical economic problems is perhaps the great challenge of our time. Much greater than space travel or perhaps even the next revolutionary medical breakthrough, what is at stake is the whole idea of the good life as we have known it. Immigration and inequality, globalization and technological disruption, slowing growth and accelerating climate change--these are sources of great anxiety across the world, from New Delhi and Dakar to Paris and Washington, DC. The resources to address these challenges are there--what we lack are ideas that will help us jump the wall of disagreement and distrust that divides us. If we succeed, history will remember our era with gratitude; if we fail, the potential losses are incalculable. In this revolutionary book, renowned MIT economists Abhijit V. Banerjee and Esther Duflo take on this challenge, building on cutting-edge research in economics explained with lucidity and grace. Original, provocative, and urgent, Good Economics for Hard Times makes a persuasive case for an intelligent interventionism and a society built on compassion and respect. It is an extraordinary achievement, one that shines a light to help us appreciate and understand our precariously balanced world.

The Future of Productivity

The Future of Productivity
Author: OECD
Publsiher: OECD Publishing
Total Pages: 120
Release: 2015-12-11
ISBN 10: 9264248536
ISBN 13: 9789264248533
Language: EN, FR, DE, ES & NL

The Future of Productivity Book Review:

This book addresses the rising productivity gap between the global frontier and other firms, and identifies a number of structural impediments constraining business start-ups, knowledge diffusion and resource allocation (such as barriers to up-scaling and relatively high rates of skill mismatch).

A Course in Microeconomic Theory

A Course in Microeconomic Theory
Author: David M. Kreps
Publsiher: Princeton University Press
Total Pages: 864
Release: 2020-06-23
ISBN 10: 069121574X
ISBN 13: 9780691215747
Language: EN, FR, DE, ES & NL

A Course in Microeconomic Theory Book Review:

David M. Kreps has developed a text in microeconomics that is both challenging and "user-friendly." The work is designed for the first-year graduate microeconomic theory course and is accessible to advanced undergraduates as well. Placing unusual emphasis on modern noncooperative game theory, it provides the student and instructor with a unified treatment of modern microeconomic theory--one that stresses the behavior of the individual actor (consumer or firm) in various institutional settings. The author has taken special pains to explore the fundamental assumptions of the theories and techniques studied, pointing out both strengths and weaknesses. The book begins with an exposition of the standard models of choice and the market, with extra attention paid to choice under uncertainty and dynamic choice. General and partial equilibrium approaches are blended, so that the student sees these approaches as points along a continuum. The work then turns to more modern developments. Readers are introduced to noncooperative game theory and shown how to model games and determine solution concepts. Models with incomplete information, the folk theorem and reputation, and bilateral bargaining are covered in depth. Information economics is explored next. A closing discussion concerns firms as organizations and gives readers a taste of transaction-cost economics.

Virtual Economies

Virtual Economies
Author: Vili Lehdonvirta,Edward Castronova
Publsiher: Unknown
Total Pages: 306
Release: 2017-08-08
ISBN 10: 0262535068
ISBN 13: 9780262535069
Language: EN, FR, DE, ES & NL

Virtual Economies Book Review:

In the twenty-first-century digital world, virtual goods are sold for real money. Digital game players happily pay for avatars, power-ups, and other game items. But behind every virtual sale, there is a virtual economy, simple or complex. In this book, Vili Lehdonvirta and Edward Castronova introduce the basic concepts of economics into the game developer's and game designer's toolkits.

Microeconomic Principles and Problems

Microeconomic Principles and Problems
Author: Geoffrey Schneider
Publsiher: Routledge
Total Pages: 572
Release: 2019-05-29
ISBN 10: 0429678770
ISBN 13: 9780429678776
Language: EN, FR, DE, ES & NL

Microeconomic Principles and Problems Book Review:

Microeconomic Principles and Problems offers a comprehensive introduction to all major perspectives in modern economics, including mainstream and heterodox approaches. Through providing multiple views of markets and how they work, it will leave readers better able to understand and analyse the complex behaviours of consumers, firms, and government officials, as well as the likely impact of a variety of economic events and policies. Most principles of microeconomics textbooks cover only mainstream economics, ignoring rich heterodox ideas. They also lack material on the great economists, including the important ideas of Adam Smith, Karl Marx, Thorstein Veblen, John Maynard Keynes and Friedrich Hayek. Mainstream books neglect the kind of historical analysis that is crucial to understanding trends that help us predict the future. Moreover, they focus on abstract models more than existing economic realities. This engaging book addresses these inadequacies. Including explicit coverage of the major heterodox schools of thought, it allows the reader to choose which ideas they find most compelling in explaining modern economic realities. Written in an engaging style focused on real world examples, this ground-breaking book brings economics to life. It offers the most contemporary and complete package for any pluralistic microeconomics class.

Emerging Issues in Economics and Development

Emerging Issues in Economics and Development
Author: Musa Jega Ibrahim
Publsiher: BoD – Books on Demand
Total Pages: 100
Release: 2017-09-13
ISBN 10: 9535135295
ISBN 13: 9789535135296
Language: EN, FR, DE, ES & NL

Emerging Issues in Economics and Development Book Review:

Economics is about understanding the rational behaviour of economic agents (households, firms, industries and government) in their decisions to achieve best outcomes of their goals and aspirations. They collectively converge to achieve the utmost economic and social benefits for all in the country in terms of economic growth and development. Economic growth and development occur through efficient use of available resources to meet effective demand and social needs. The challenge that countries are facing is proper application of appropriate policy mix to optimize the opportunities of increasingly interdependent global economic landscape. For emerging economies, a multiple sector strategy that propels economic transformation is crucial. This needs to be predicated on robust macroeconomic policy framework that aligns with global production and consumption activities to drive economic growth process for achieving sustainable development.

Economic Development for Everyone

Economic Development for Everyone
Author: Mark M. Miller
Publsiher: Routledge
Total Pages: 238
Release: 2017-05-09
ISBN 10: 1317237447
ISBN 13: 9781317237440
Language: EN, FR, DE, ES & NL

Economic Development for Everyone Book Review:

How do we create employment, grow businesses, and build greater economic resilience in our low-income communities? How do we create economic development for everyone, everywhere – including rural towns, inner-city neighborhoods, aging suburbs, and regions such as Appalachia, American Indian reservations, the Mexican border, and the Mississippi Delta – and not just in elite communities? Economic Development for Everyone collects, organizes, and reviews much of the current research available on creating economic development in low-income communities. Part I offers an overview of the harsh realities facing low-income communities in the US today; their many economic and social challenges; debates on whether to try reviving local economies vs. relocating residents; and current trends in economic development that emphasize high-tech industry and high levels of human capital. Part II organizes the sprawling literature of applied economic development research into a practical framework of five dynamic dimensions: empower your residents: begin with basic education; enhance your community: build on existing assets; encourage your entrepreneurs; diversify your economy; and sustain your development. This book, assembled and presented in a unified framework, will be invaluable for students and new researchers of economic development in low-income communities, and will offer new perspectives for established researchers, professional economic developers and planners, and public officials. Development practitioners and community leaders will also find new ideas and opportunities, along with a broad view on how the many complex parts of economic development interconnect.

Networking History

Networking History
Author: Hilton L. Root
Publsiher: Cambridge University Press
Total Pages: 338
Release: 2020-03-31
ISBN 10: 1108488994
ISBN 13: 9781108488990
Language: EN, FR, DE, ES & NL

Networking History Book Review:

Root shows how the tools of network analysis can be used to understand great transitions in global economic history.

Dynamic Economic Analysis

Dynamic Economic Analysis
Author: Gerhard Sorger
Publsiher: Cambridge University Press
Total Pages: 301
Release: 2015-02-12
ISBN 10: 110708329X
ISBN 13: 9781107083295
Language: EN, FR, DE, ES & NL

Dynamic Economic Analysis Book Review:

Concise yet rigorous, this textbook provides a clear and systematic introduction to the theory and application of dynamic economic models.

A Microeconomics Reader

A Microeconomics Reader
Author: Tran Huu Dung
Publsiher: Unknown
Total Pages: 602
Release: 2013
ISBN 10: 9780415771931
ISBN 13: 0415771935
Language: EN, FR, DE, ES & NL

A Microeconomics Reader Book Review:

This book draws together the key contributions to the major areas of microeconomic theory from the last few decades. It is intended to provide both undergraduate and graduate students with an essential guide to the current state of the discipline. The articles have been carefully selected not only for the role they have played in the progress of microeconomics, but also for their usefulness and potential to inspire future research. The main themes covered include consumer theory, the theory of the firm, the theory of markets, pricing theory, and labor compensation theory, with the common threads of transaction costs, strategic decisions, and information imperfections. Unlike similar anthologies, this Reader also draws attention to methodological issues and heterodox approaches to microeconomics. Amongst those whose works appear here are Gary Becker, George Stigler, Harvey Leibenstein, Ronald Coase, Oliver Williamson, George Akerlof, Joseph Stiglitz, Avinash Dixit and Paul Klemperer. This Reader will be an invaluable resource for advanced undergraduate and graduate students in economics, as well as casual readers interested in an "insider�s view" of the discipline. It serves not only to collect in a single place the most significant papers in economics that have been published in recent decades but also, with several introduction chapters, to give the literature a coherent structure.

Applied Macroeconomics for Public Policy

Applied Macroeconomics for Public Policy
Author: Rafael Yanushevsky,Camilla Yanushevsky
Publsiher: Academic Press
Total Pages: 230
Release: 2018-06-29
ISBN 10: 0128156333
ISBN 13: 9780128156339
Language: EN, FR, DE, ES & NL

Applied Macroeconomics for Public Policy Book Review:

Applied Macroeconomics for Public Policy applies system and control theory approaches to macroeconomic problems. The book shows how to build simple and efficient macroeconomic models for policy analysis. By using these models, instead of complex multi-criteria models with uncertain parameters, readers will gain new certainty in macroeconomic decision-making. As high debt to GDP ratios cause problems in societies, this book provides insights on improving economies during and after economic downturns. Provides a detailed analysis of existing macroeconomic models Addresses the dynamics of debt to GDP ratio and the effects of fiscal and monetary policy on this ratio Shows how to use models to evaluate the dynamics of the debt to GDP ratio in cases of government spending and tax cuts and to decide whether such economic measures are efficient Uses optimal theory to obtain optimal yearly debt levels to reach the established goals (decrease debt or balance budget) Provides many examples and software exercises to promote learning by doing

Models in Microeconomic Theory She Edition

Models in Microeconomic Theory   She  Edition
Author: Ariel Rubinstein,Martin J. Osborne
Publsiher: Open Book Publishers
Total Pages: 362
Release: 2020-03-27
ISBN 10: 178374894X
ISBN 13: 9781783748945
Language: EN, FR, DE, ES & NL

Models in Microeconomic Theory She Edition Book Review:

Models in Microeconomic Theory covers basic models in current microeconomic theory. Part I (Chapters 1-7) presents models of an economic agent, discussing abstract models of preferences, choice, and decision making under uncertainty, before turning to models of the consumer, the producer, and monopoly. Part II (Chapters 8-14) introduces the concept of equilibrium, beginning, unconventionally, with the models of the jungle and an economy with indivisible goods, and continuing with models of an exchange economy, equilibrium with rational expectations, and an economy with asymmetric information. Part III (Chapters 15-16) provides an introduction to game theory, covering strategic and extensive games and the concepts of Nash equilibrium and subgame perfect equilibrium. Part IV (Chapters 17-20) gives a taste of the topics of mechanism design, matching, the axiomatic analysis of economic systems, and social choice. The book focuses on the concepts of model and equilibrium. It states models and results precisely, and provides proofs for all results. It uses only elementary mathematics (with almost no calculus), although many of the proofs involve sustained logical arguments. It includes about 150 exercises. With its formal but accessible style, this textbook is designed for undergraduate students of microeconomics at intermediate and advanced levels.