Author: William H. Greene
Econometric Analysis, 8th Edition presents this ever-growing area at an accessible graduate level. The book first introduces students to basic techniques, a rich variety of models, and underlying theory that is easy to put into practice. It then presents students with a sufficient theoretical background to understand advanced techniques and to recognize new variants of established models. This focus, along with hundreds of worked numerical examples, ensures that students can apply the theory to real-world application and are prepared to be successful economists in the field.More.
Author: Yuval Noah Harari
Publisher: Harper Collins
Homo Deus explores the projects, dreams and nightmares that will shape the twenty-first century–from overcoming death to creating artificial life. It asks the fundamental questions: Where do we go from here? And how will we protect this fragile world from our own destructive powers? This is the next stage of evolution. This is Homo Deus.More.
Author: Stephen Williamson
Macroeconomics uses a thoroughly modern approach by building macroeconomic models from microeconomic principles. As such, it is consistent with the way that macroeconomic research is conducted today. This approach allows for deeper insights into economic growth processes and business cycles–the key topics in macroeconomics. An emphasis on microeconomic foundations better integrates the study of macroeconomics with approaches learned in microeconomics and field courses in economics. By following an approach to macroeconomics that is consistent with current macroeconomic research, students become better prepared for advanced study in economics.The 6th Edition captures the latest developments in macroeconomic thinking, applied to recent economic events and developments in macroeconomic policy. With the financial crisis receding, new challenges that macroeconomists and policymakers currently need to address are covered in the text.More.
Macroeconomics: Institutions, Instability and the Financial System
Authors: Wendy Carlin and David Soskise
Carlin and Soskice integrate the financial system with a model of the macro-economy. In doing this, they take account of the gaps in the mainstream model exposed by the financial crisis and the Eurozone crisis. This equips the reader with a realistic modelling framework to analyse the economy both in crisis times and in periods of stability.
- The only textbook to comprehensively integrate the financial system within the mainstream macroeconomic model.
- Experienced and well-respected authors provide a clear analysis of the causes and consequences of the global financial crisis and the role played by the interaction of financial institutions and the macro-economy.
- Innovative chapter structure ensures students understand the overarching narrative of key arguments, before tackling the technical modelling sections.
- Checklist questions and discussion questions at the end of every chapter develop problem-solving skills and test understanding.
- An Excel-based simulator hosted online enables students to conduct a range of exercises with the closed and open economy versions of the model.More.
Mastering Metrics: the Path from Cause to Effect
Editors: Joshua D. Angrist
Publisher: Princeton University
Mastering ‘Metrics presents the essential tools of econometric research and demonstrates why econometrics is exciting and useful.The five most valuable econometric methods, or what the authors call the Furious Five–random assignment, regression, instrumental variables, regression discontinuity designs, and differences in differences–are illustrated through well-crafted real-world examples (vetted for awesomeness by Kung Fu Panda’s Jade Palace). Does health insurance make you healthier? Randomized experiments provide answers. Are expensive private colleges and selective public high schools better than more pedestrian institutions? Regression analysis and a regression discontinuity design reveal the surprising truth. When private banks teeter, and depositors take their money and run, should central banks step in to save them? Differences-in-differences analysis of a Depression-era banking crisis offers a response. Could arresting O. J. Simpson have saved his ex-wife’s life? Instrumental variables methods instruct law enforcement authorities in how best to respond to domestic abuse.More..
The Economics of Financial Markets
Editors: Roy E. Bailey
The Economics of Financial Markets presents a concise overview of capital markets, suitable for advanced undergraduates and for beginning graduate students in financial economics. Following a brief overview of financial markets – their microstructure and the randomness of stock market prices – this textbook explores how the economics of uncertainty can be applied to financial decision-making. The mean-variance model of portfolio selection is discussed, with analysis extended to the capital asset pricing model (CAPM). Arbitrage plays a pivotal role in finance and is studied in a variety of contexts, including the APT model of asset prices. Methods for the empirical evaluation of CAPM and APT are also discussed, together with the volatility of asset prices, the intertemporal CAPM and the equity premium puzzle. An analysis of bond contracts leads into an assessment of theories of the term structure of interest rates. Finally, financial derivatives are explored, focusing on futures and options contracts.More…