Economics round-up

May 26, 2011

Econometric Analysis of Cross Section and Panel Data

Author: Jeffrey M. Wooldridge

Edition: Second

Publisher: MIT Press

Pages: 1,096

Price: £49.95

ISBN 9780262232586

This second edition aims to offer a complete treatment of the analysis of two kinds of data used in contemporary econometric research: cross section data and panel data, covering linear and non-linear models. It focuses on explaining when particular econometric methods can be applied. Wooldridge does not tell readers what does work, but why certain "obvious" procedures do not. Theoretical and computer exercises aim to allow the reader to discover new insights.

Macroeconomic Essentials: Understanding Economics in the News

Author: Peter Kennedy

Edition: Third

Publisher: MIT Press

Pages: 384

Price: £51.95 and £33.95

ISBN 9780262014670 and 514804

Kennedy's textbook offers students a concise but non-technical, alternative approach to the mastery of practical macroeconomics, and interpretation and evaluation of media commentary. He gives a clear exposition of introductory macroeconomic theory along with hundreds of short "news clips" of economics media coverage that illustrate the concepts discussed. This third edition covers the sub-prime mortgage crisis.

Measuring Inequality

Author: Frank Cowell

Edition: Third

Publisher: Oxford University Press

Pages: 256

Price: £55.00 and £22.95

ISBN 9780199594030 and 4047

This thoroughly revised edition examines the principles of inequality measurement and its relation to welfare economics, distribution analysis and information theory. It complements contemporary theoretical developments in inequality analysis with classical contributions. Additions include supporting web materials and enhanced literature coverage in an appendix. It is aimed at undergraduate and postgraduate students as well as academic economists, policy analysts and advisers.

Microeconomic Theory Old and New: A Student's Guide

Author: John M. Gowdy

Edition: First

Publisher: Stanford University Press

Pages: 208

Price: £26.95

ISBN 9780804758840

Gowdy's goals are to create an understanding of the core model of economics (the Walrasian general equilibrium theory) and to present contemporary extensions and emerging alternatives. The book presents the three aspects of Walrasian theory, and then draws on the work of economists to show the system's inconsistencies as well as presenting the challenges to its basic assumptions that have been posed by findings in behavioural economics and evolutionary game theory.

Accounting for Value

Author: Stephen Penman

Edition: First

Publisher: Columbia University Press

Pages: 264

Price: £31.00

ISBN 9780231151184

Penman aims to teach investors and analysts how to handle accounting in evaluating equity investments, and emphasises that valuation and accounting is essentially the same thing, as valuation is a matter of accounting for value. Disregarding the tools of modern finance, he returns to the principles that have long guided fundamental investing: for example, price is what you pay but value is what you get, and the risk in investing is the risk of paying too much.

Advanced Microeconomic Theory

Authors: Geoffrey A. Jehle and Philip J. Reny

Edition: Third

Publisher: Pearson Education

Pages: 672

Price: £46.99

ISBN 97803731917

Jehle and Reny's work is now a standard text in microeconomics for advanced undergraduate students. It remains student-friendly, with "theorem-proof organisation", and offers many examples and exercises, but is also suited to higher-level courses. This edition includes a section on efficient mechanism design in the quasi-linear utility and 50 new exercises.

Chinese Circulations: Capital, Commodities, and Networks in Southeast Asia

Editors: Eric Tagliacozzo and Wen-Chin Chang

Edition: First

Publisher: Duke University Press

Pages: 504

Price: £75.00 and £18.99

ISBN 9780822348818 and 349037

The authors present an overview of the long-standing trade between Chinese and Southeast Asian merchants, focusing on the commodities that have linked the two regions over the centuries. Progressing chronologically, the first four essays put the Chinese mercantile trade in a historical context; remaining chapters cover trading from the pre-colonial period to the present day.

Contemporary Economics: An Applications Approach

Author: Robert J. Carbaugh

Edition: Sixth

Publisher: M.E. Sharpe

Pages: 480

Price: £82.50

ISBN 9780765624888

Aimed specifically at survey courses, this sixth edition of a successful text blends a concise presentation of basic micro- and macroeconomic theory and a number of contemporary applications. Updates emphasise fiscal and monetary policy, with three chapters on international economics. A free online study guide is available.

Economic Policy: Theory and Practice

Authors: Agnès Bénassy-Quéré, Benoît Coeuré, Pierre Jacquet and Jean Pisani-Ferry

Edition: First

Publisher: Oxford University Press

Pages: 728

Price: £45.00

ISBN 97801953236

The product of 10 years of teaching, this book examines economic policy drawing from facts and theories. It balances up-to-date policy debates and significant events in recent economic history with classical economic thinking from figures such as Thomas Hobbes, Adam Smith, John Keynes, Robert Solow and Milton Friedman. It seeks to demonstrate how students can combine existing theories and common sense to form a foundation for adequate policy responses.

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