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Two veteran economists team up to provide an overview of basic economic principles in this textbook for students, business executives, and entrepreneurs. Kaela B. Mulenga and Francis L. Mupakati explore basic economic concepts and theories, clearly communicating their ideas in essay-type model answers that highlight how banks, free trade, inflation, and more affect the economy. The textbook reveals the logic economists use and the educated assumptions they make when conducting economic analyses pertaining to real-world scenarios. It provides a detailed overview of the free market enterprise system as well as a glossary of essential economic terms. The authors answer questions such as: • What are the major features of a free market economy? • What factors affect the elasticity of supply? • How does the market determine the equilibrium of price? In today’s fast-paced digital information age, one must possess the tools to make sense of what’s happening. Get the knowledge you need to respond to business challenges with this important resource.
Paul A. Samuelson was the first American Nobel Laureate in economics, and the second overall. He was credited for "the scientific work through which he has developed static and dynamic economic theory and actively contributed to raising the level of analysis in economic science." That recognition is now thirty years old and Samuelson remains at work in the cutting edge of the discipline. He is also widely known for a basic textbook that became a landmark learning tool throughout the second half of the twentieth century. This excellent collegial appreciation focuses heavily on Samuelson's Foundations of Economic Analysis. In that work, and a series of brief essays, he has contributed to an integration of statics and dynamics by way of the correspondence principle. He has also combined the multiplier and accelerator mechanisms in a model of economic fluctuations; he has reformed the foundations of consumption theory by his concept of revealed preferences; he has developed or improved several major theorems within international trade; and created theories of maximum efficiency and maximum growth rate. Finally, he has clarified the role of collective goods in resource allocation. In considering the work and life of Samuelson, editor Puttaswamaiah, has assembled a worthy group of brilliant commentators. Among the analytic papers in this volume are "An essay on the Accuracy of Economic Prediction" by L.R. Klein, "Analytical Aspects of Anti-Inflation Policy" by Robert M. Solow, a paper by Vittorangelo Orati on Samuelson's linkage to Schumpeter and Keynes, "Money and Price Theory by Carlo Benetti and Jean Cartelier, and a concluding essay on "The Role of Samuelson's Economics" by Michael Emmett Brady. Most unusual in works of this kind are some strong critical statements, including a pungent examination of vanity as well as creativity in Samuelson's work. What emerges is a clear picture of a special scholar. Scholars and students will welcome it alike-a result that well fits the purpose and character of Samuelson. The festschrift has its origins in several issues of the International Journal of Applied Economics and Econometrics. Professor K. Puttaswamaiah has more than three decades of editing journals in economics. He is a member of the journal; Savings and Development issued at the University of Milan. He is author of Economic Development of Karnataka, Cost-Benefit Analysis, and Nobel Economists: Lives and Contributions.
A convergence of forces is brewing up a storm of epic proportions. Few will see it coming. Those who are prepared will prosper, while the rest will likely endure serious financial and personal hardship. Facing Goliath sums up complex economic concepts and often-overlooked historical perspective in an engaging style and a sensible approach to impending investment challenges. This book explainsin plain Englishhow we as a nation got into the current financial dilemma, why its not going away anytime soon, and how to prepare for the exceedingly dangerous economic environment that lies ahead.
Online learning has become a prominent and inseparable component of higher education in recent years. Questions related to course structure, levels of interaction, presence, and participation within online courses persist and invite further inquiry for determining factors that encourage effective teaching and learning in online environments. The Handbook of Research on Strategic Management of Interaction, Presence, and Participation in Online Courses explores models of course development and delivery techniques to improve instruction, learning, and student satisfaction in online courses. Covering topics such as rates of participation, student engagement and retention, and social development, this handbook serves as a resource for educators in online learning environments, as well as for course designers and developers of online courses and researchers whose agenda includes examining interaction, presence, and participation in online courses.