International Trade: Theory and Policy is built on Steve Suranovic's belief that to understand the international economy, students need to learn how economic models are applied to real world problems. It is true what they say, that ”economists do it with models.“ That's because economic models provide insights about the world that are simply not obtainable solely by discussion of the issues. International Trade: Theory and Policy presents a variety of international trade models including the Ricardian model, the Heckscher-Ohlin model, and the monopolistic competition model. It includes trade policy analysis in both perfectly competitive and imperfectly competitive markets.

This book presents standard intermediate microeconomics material and some material that, in the authors' view, ought to be standard but is not. Introductory economics material is integrated. Standard mathematical tools, including calculus, are used throughout. The book easily serves as an intermediate microeconomics text, and can be used for a relatively sophisticated undergraduate who has not taken a basic university course in economics.

This open access book addresses four standard business school subjects: microeconomics, macroeconomics, finance and information systems as they relate to trading, liquidity, and market structure. It provides a detailed examination of the impact of trading costs and other impediments of trading that the authors call “frictions”. It also presents an interactive simulation model of equity market trading, TraderEx, that enables students to implement trading decisions in different market scenarios and structures. Addressing these topics shines a bright light on how a real-world financial market operates, and the simulation provides students with an experiential learning opportunity that is informative and fun.

Each of the chapters is designed so that it can be used as a stand-alone module in an existing economics, finance, or information science course. Instructor resources such as discussion questions, Powerpoint slides and TraderEx exercises are available online.

Macroeconomics provides an introduction to economic principles and market forces including supply and demand, unemployment, inflation, international trade and capital flows, monetary policy and banking, fiscal policy and globalization.

This course is a comprehensive introduction to the structure of the American economy as compared to other economic structures. Supply and demand, GDP, inflation, monetary policy, money and banking, taxation, economic growth, international exchange and comparisons of classical, Keynesian and monetarist economic philosophies are presented. It is required for business majors planning to transfer to 4-year business programs in the state of Washington.Login: guest_oclPassword: ocl

ussell Cooper and Andrew John have written an economics text aimed directly at students from its very inception. You're thinking, ”Yeah, sure. I've heard that before.“

This textbook, Macroeconomics: Theory Through Applications, centers around student needs and expectations through two premises: … Students are motivated to study economics if they see that it relates to their own lives. … Students learn best from an inductive approach, in which they are first confronted with a problem, and then led through the process of solving that problem.

Many books claim to present economics in a way that is digestible for students; Russell and Andrew have truly created one from scratch. This textbook will assist you in increasing students' economic literacy both by developing their aptitude for economic thinking and by presenting key insights about economics that every educated individual should know.

The following handout discusses the concept of consumer and producer surplus and price regulation.  Particular emphasis is placed on explaining the difference between economic efficiency and fairness.

This course is a comprehensive introduction to the functions of the market system including allocation of scarce resources, production of goods and services, determination of prices, output and profit maximization in competitive and monopolistic markets. It is required for business majors planning to transfer to 4-year business programs in the state of Washington.Login: guest_oclPassword: ocl

Russell Cooper and Andrew John have written an economics text aimed directly at students from its very inception. You're thinking, ”Yeah, sure. I've heard that before.“

This textbook, Microeconomics: Theory Through Applications, centers around student needs and expectations through two premises: … Students are motivated to study economics if they see that it relates to their own lives. … Students learn best from an inductive approach, in which they are first confronted with a problem, and then led through the process of solving that problem.

Many books claim to present economics in a way that is digestible for students; Russell and Andrew have truly created one from scratch. This textbook will assist you in increasing students' economic literacy both by developing their aptitude for economic thinking and by presenting key insights about economics that every educated individual should know.

In 2018, the world was shaken by the fast rise of Bitcoin and other cryptocurrencies that use a decentralized, blockchain technology for payment transfers outside of the traditional banking system. The potential impact this alternative form of banking could have in the medium and long term on the over 2 billion people globally unbanked is tremendous. Additionally, blockchain itself is being used for value transfer combined with bio and genetic tagging technologies in refugee camps for example, bringing to rise a new era where technology for development is disrupting education, healthcare and security programs globally.

In the fall 2019 semester, the students of the Liberal Arts and Management Program class Black Markets: Supply and Demand explored many types of black markets and examined many perspectives related to such illicit markets. Through careful discussion and reading the students discovered four prevalent themes throughout the course: the role of government in creating the context for black market activity, elements of demand, elements of supply, and varying levels of social implications. The thirteen articles in this volume provide rich takes on these themes. We placed each article with the theme we believe it most exemplifies; however, each article conveys facts and context that relate to each theme. We believe that these themes interact and work together like strands of a rope strengthening each other. Please note that authors of a couple of the articles personally observed others engaging in illicit activities. The authors did not. And the authors have not revealed true names of the persons they observed.

Political Economists are concerned with the allocation of scarce resources in a world of infinite wants and needs. In order to allocate these resources, politics are used within a state to provide for the people. Political economy is the study of the relationships between individuals and society, and more specifically, the relationships between citizens and states.

Political economy is a study of philosophy and ideology that studies the evolution of political and economic ideas. Political economy is a mixture of politics, economics, sociology, philosophy, and history, which all bring together evidence to the study of how humans exist within societies. Political economists study political ideology, economic structure, human interaction, human nature, and theories in philosophical thought. It is a study that studies not only the mechanics of a particular structure, but also the reasoning behind why a structure is regarded to be the best by various people with different beliefs.

The study of political economics can be split into two different sections, one which is Classical Political Economy and the other which is Modern Political Economy. The classical branch studies range from the conservative philosophers such as Machiavelli to liberals such as Adam Smith to the critiquers of liberalism such as Marx. The modern branch studies range from social liberals such as Keynes to modern political economists whose works deal with a multitude of issues including foreign trade and globalization.

Short Description:
A Practicum in Behavioral Economics is a practice-based textbook covering the broad field of behavioral economics. Because behavioral economics is foremost a “test-and-learn” field of scientific inquiry that evolves according to experimental outcomes, so too should students test-and-learn. As such, the book’s primary goal is to help students experience behavioral economics through participation in the same experiments and games that serve as the foundations for, and shape the contours of, the field. With the help of this book students learn behavioral economics firsthand, and in the process create their own experiences. They learn about themselves – about how they make private and public choices under experimental conditions – at the same time as they learn about the field of behavioral economics itself.

Long Description:
The approach of this book is premised on a simple assumption: because behavioral economics is foremost a “test-and-learn” field of scientific inquiry that evolves according to experimental outcomes – and practical, policy-orientated applications of the knowledge garnered from these outcomes – so too should students test-and-learn the field itself. Studying and practicing behavioral economics should occur simultaneously, which in turn requires a practicum more than it does a traditionally styled textbook.

A Practicum in Behavioral Economics takes a new approach to the style of academic textbooks. Based upon the author’s personal teaching experiences over the past 25+ years, and feedback from peers and students, it is clear that traditional theory-based textbooks in behavioral economics insufficiently stimulate the student, and thereby fail to connect the student viscerally and meaningfully to what has become an enticing canon of economic thought, inquiry, and practice. Because it is a practice-based text, A Practicum in Behavioral Economics promotes active learning and engagement with the realities of behavioral economics in the moment, and encourages students to think like behavioral economists rather than just passively learn about the body of theoretical, experimental, and empirical work economists have produced. The student’s imagination is sparked, which in turn sparks group discussion and discernment.

The book consists of four sections that, taken together, portray in full the eclectic methodologies comprising the field of behavioral economics. Sections 1 and 2 present the thought and laboratory experiments that have formed a key pillar of the field. The thought experiments are, for the most part, re-castings of the simple cognitive tests devised by psychologists and economists over the past three-to-four decades to illustrate the fallacies, miscalculations, and biases that distinguish homo sapiens from homo economicus; experiments compiled in Daniel Kahneman’s 2011 bestseller Thinking, Fast and Slow. Similarly, the laboratory experiments are, for the most part, re-castings of the seminal experiments conducted by Kahneman and Tversky (among others) that help motivate the revised theories of human choice behavior, such as Tversky and Kahneman’s (1979) Prospect Theory, that form another pillar of behavioral economics. Alongside these experiments, Section 2 presents the revised theories of choice behavior with varying degrees of rigor.

Section 3 submerses the student in the world of behavioral game theory. Here, we follow the lead of Colin F. Camerer’s 2003 graduate-level textbook Behavioral Game Theory: Experiments in Strategic Interaction and William Spaniel’s 2011 Game Theory 101: The Complete Textbook, first by characterizing the games analytically, i.e., identifying solution, or equilibrium, concepts that are predicted to result when members of homo economicus play the games, and then by discussing empirical results obtained from corresponding field experiments conducted with homo sapiens. It is within the context of these experiments that theories of social interaction are tested concerning inter alia trust and trustworthiness, honesty, fairness, reciprocity, and more. As with the thought and laboratory experiments presented in Sections 1 and 2, the classic games of iterative dominance and simultaneous moves presented in Section 3 are meant to be replicated with students as subjects and the instructor as experimenter, or researcher.

Finally, Section 4 wades into the vast sea of empirical research and choice architecture. Here students explore studies reporting on (1) the outcomes of actual policy nudges, some of which are featured in Richard H. Thaler and Cass Sunstein’s 2008 bestseller Nudge, (2) published studies based on analyses of secondary datasets that test for choice behavior consistent with the new theories of behavioral economics, and (3) published studies based on analyses of primary datasets obtained from novel field experiments to further test the revised theories. The main purpose of this section is not only to introduce the student to interesting empirical studies in behavioral economics, but also, in the process, to incubate in the student an abiding appreciation for the obscure settings that sometimes lend themselves to such study.

In the end, the content of A Practicum in Behavioral Economics is based upon sound pedagogical and scientific foundations that aim to support students in learning quickly and efficiently. The book promotes a practice-based approach, which is naturally consistent with the trial-and-error of everyday life. As a result, the approach goes beyond understanding and knowing. It requires using, applying, and acting. The method requires practice. It is this approach that is the most effective in teaching the many facets of behavioral economics to students.

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Principles of Economics covers scope and sequence requirements for a two-semester introductory economics course. The authors take a balanced approach to micro- and macroeconomics, to both Keynesian and classical views, and to the theory and application of economics concepts. The text also includes many current examples, which are handled in a politically equitable way.

Flat World Knowledge is thrilled to publish a first edition re-launch of Tim Tregarthen’s acclaimed Principles of Economics book, and proud to bring Tim's remarkable talents as a teacher to future generations of students.In 1996, Tim published the first edition of his principles of economics textbook to great acclaim, and it became widely used in colleges around the country. That same year, MS made him wheelchair-bound. The disease forced his retirement from teaching at the University of Colorado at Colorado Springs in 1998. He lost the use of his arms in 2001 and has been quadriplegic ever since.Tim never let his disease get him down. In fact, he turned back to his love of writing and teaching for inspiration. He obtained a voice-activated computer, recruited a co-author, Libby Rittenberg of Colorado College, and turned his attention to revising his principles of economics book.Today we are excited to introduce Libby Rittenberg and Timothy Tregarthen’s Principles of Economics. The authors teach economics as the study of “choice “ by providing students with an accessible, straightforward overview of economics. This text combines the clarity and writing of Tregarthen's seminal periodical "The Margin" with great teaching insights.Rittenberg and Tregarthen help students to understand how real individuals actually work with economics. In this new book, the authors illustrate the practicality and relevance of economics with a variety of new illustrations and insights.The authors take a three-pronged approach to every concept: (1) the concept is covered with a “Heads Up” to ward off confusion, (2) a “You Try It” section makes sure students are staying on top of the concept and (3) a “Case and Point” section that uses a real-world application to harness the concept in reality. For one example of how this plays out in the text see "Chapter 3, Section 2 on Supply." hereThis book is intended for a two-semester course in economics taught out of the social sciences or business school.

Principles of Economics: Scarcity and Social Provisioning takes a pluralistic approach to the standard topics of introductory economics courses. The text builds on the chiefly neoclassical (or orthodox economics) material of the OpenStax Principles of Economics text, adding extensive content from heterodox economic thought. Emphasizing the importance of pluralism and critical thinking, the text presents the method and theory of neoclassical economics alongside critiques thereof and heterodox alternatives in both method and theory. This approach is taken from the outset of the text, where contrasting definitions of economics are discussed in the context of the various ways in which orthodox and heterodox economists study the subject. The same approach–of theory and method, critique, and alternative theory and method–is taken in the study of consumption, production, market exchange, macroeconomic equilibrium, fiscal and monetary policy, as well as in the applied theory chapters. Historical and contemporary examples are given throughout, and both theory and application are presented with a balanced approach.

This textbook will be of interest especially to instructors and students who wish to go beyond the traditional approach to the fundamentals of economic theory, and explore the wider spectrum of economic thought.