The Microeconomics Of Complex Economies

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The Microeconomics of Complex Economies

Wolfram Elsner,Torsten Heinrich,Henning Schwardt
The Microeconomics of Complex Economies Book PDF

Author : Wolfram Elsner,Torsten Heinrich,Henning Schwardt
Publisher : Academic Press
Page : 600 pages
File Size : 44,6 Mb
Release : 2014-04-15
Category : Business & Economics
ISBN : 9780124115996

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The Microeconomics of Complex Economies by Wolfram Elsner,Torsten Heinrich,Henning Schwardt Pdf

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

Microeconomics of Interactive Economies

Wolfram Elsner
Microeconomics of Interactive Economies Book PDF

Author : Wolfram Elsner
Publisher : Edward Elgar Publishing
Page : 267 pages
File Size : 53,7 Mb
Release : 2012-01-01
Category : Business & Economics
ISBN : 9781781953402

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Microeconomics of Interactive Economies by Wolfram Elsner Pdf

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.

Economics For Dummies

Peter Antonioni,Sean Masaki Flynn
Economics For Dummies Book PDF

Author : Peter Antonioni,Sean Masaki Flynn
Publisher : John Wiley & Sons
Page : 384 pages
File Size : 52,7 Mb
Release : 2010-11-11
Category : Business & Economics
ISBN : 9780470973653

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Economics For Dummies by Peter Antonioni,Sean Masaki Flynn Pdf

Untangle the jargon and understand how you're involved in everyday economics If you want to get to grips with the basics of economics and understand a subject that affects British citizens on a daily basis, then look no further than Economics For Dummies. This easy to understand guide takes you through the world of economics from understanding micro- and macroeconomics to demystifying complex topics such as capitalism and recession. This updated edition walks you through the history, principles and theories of economics as well as breaking down all the complicated terminology, leaving you clued up on economics in no time. Getting to grips – explore the science of economics and how people deal with scarcity Keeping an eye on it – learn all about macroeconomics and how economists keep track of everything Watch patterns emerge – understand why monitoring consumer behaviour is vital and all you need to know about microeconomics Your recession guide – expert advice on recessions and a detailed look at why they occur Open the book and find: Why you should care about economics and how it affects you Tools to help you understand a recession A guide to seductive economic fallacies All you need to know on monetary and fiscal policies How supply and demand can be made easy Why it's vital to track consumer choices An in-depth look at a profit-maximising firm and the core of capitalism Guidance on property rights and wrongs Learn to: Look through economic history and spot the trends Understand micro- and macroeconomics Get to grips with consumer behaviour and its influence on the economy Spot the signs of a recession and see how economic decisions affect you

Economics: Complex Windows

Massimo Salzano,Alan P. Kirman
Economics Complex Windows Book PDF

Author : Massimo Salzano,Alan P. Kirman
Publisher : Springer Science & Business Media
Page : 229 pages
File Size : 43,8 Mb
Release : 2006-01-17
Category : Business & Economics
ISBN : 9788847003446

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Economics: Complex Windows by Massimo Salzano,Alan P. Kirman Pdf

“In some ways, the e?ect of achieving understanding is to reverse completely our initial attitude of mind. For everyone starts (as we have said) by being perplexed by some fact or other: for instance... the fact that the diagonal of a square is incommensurable with the side. Anyone who has not yet seen why the side and the diagonal have no common unit regards this as quite extra- dinary. But one ends up in the opposite frame of mind... for nothing would so much ?abbergast a mathematician as if the diagonal and side of a square were to become commensurable”. [Aristotele] This is the ?rst volume of a new series entitled “New Economic Windows”. Each volume in the series will, we hope, provide pointers towards a better understanding of the nature of economic phenomena and help to “reverse our initial state of mind” as economists. As H. Simon observed, Economics must be considered a “hard”, (in the sense of di?cult rather than precise), science. As he cogently argued, the problems dealt with are so complex they “cannot simply be reduced to analytically solvable models or decomposed into sepa- 1 rate sub processes”. In this he was following on from Einstein who, many years earlier, when asked why he had not turned his attention to economics said that he found it too di?cult a subject to handle scienti?cally.

Lectures on Microeconomic Theory

Edmond Malinvaud
Lectures on Microeconomic Theory Book PDF

Author : Edmond Malinvaud
Publisher : Elsevier Science & Technology
Page : 336 pages
File Size : 50,6 Mb
Release : 1972
Category : Microeconomics
ISBN : UCSC:32106000821055

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Lectures on Microeconomic Theory by Edmond Malinvaud Pdf

The structure of the micro-economic theory and its motivation.

The Cartoon Introduction to Economics, Volume I: Microeconomics

Yoram Bauman, Ph.D.
The Cartoon Introduction to Economics Volume I Microeconomics Book PDF

Author : Yoram Bauman, Ph.D.
Publisher : Hill and Wang
Page : 224 pages
File Size : 43,6 Mb
Release : 2010-01-19
Category : Business & Economics
ISBN : 9781466837928

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The Cartoon Introduction to Economics, Volume I: Microeconomics by Yoram Bauman, Ph.D. Pdf

The award-winning illustrator Grady Klein has paired up with the world's only stand-up economist, Yoram Bauman, PhD, to take the dismal out of the dismal science. From the optimizing individual to game theory to price theory, The Cartoon Introduction to Economics is the most digestible, explicable, and humorous 200-page introduction to microeconomics you'll ever read. Bauman has put the "comedy" into "economy" at comedy clubs and universities around the country and around the world (his "Principles of Economics, Translated" is a YouTube cult classic). As an educator at both the university and high school levels, he has learned how to make economics relevant to today's world and today's students. As Google's chief economist, Hal Varian, wrote, "You don't need a brand-new economics. You just need to see the really cool stuff, the material they didn't get to when you studied economics." The Cartoon Introduction to Economics is all about integrating the really cool stuff into an overview of the entire discipline of microeconomics, from decision trees to game trees to taxes and thinking at the margin. Rendering the cool stuff fun is the artistry of the illustrator and lauded graphic novelist Klein. Panel by panel, page by page, he puts comics into economics. So if the vertiginous economy or a dour professor's 600-page econ textbook has you desperate for a fun, factual guide to economics, reach for The Cartoon Introduction to Economics and let the collaborative genius of the Klein-Bauman team walk you through an entire introductory microeconomics course.

Microeconomics for MBAs

Richard B. McKenzie,Dwight R. Lee
Microeconomics for MBAs Book PDF

Author : Richard B. McKenzie,Dwight R. Lee
Publisher : Cambridge University Press
Page : 765 pages
File Size : 45,5 Mb
Release : 2016-07-18
Category : Business & Economics
ISBN : 9781107139480

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Microeconomics for MBAs by Richard B. McKenzie,Dwight R. Lee Pdf

A sophisticated yet non-technical introduction to microeconomics for MBA students, now in its third edition.

Complex Economic Dynamics

Richard H. Day
Complex Economic Dynamics Book PDF

Author : Richard H. Day
Publisher : Unknown
Page : 0 pages
File Size : 45,7 Mb
Release : 2000-02
Category : Ekonomi, Matematiksel
ISBN : 0262528606

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Complex Economic Dynamics by Richard H. Day Pdf

V. 1. An introduction to dynamical systems and market mechanisms -- v. 2. An introduction to macroeconomics dynamics.

Essays in Economic Dynamics

Akio Matsumoto,Ferenc Szidarovszky,Toichiro Asada
Essays in Economic Dynamics Book PDF

Author : Akio Matsumoto,Ferenc Szidarovszky,Toichiro Asada
Publisher : Springer
Page : 258 pages
File Size : 51,7 Mb
Release : 2016-09-22
Category : Business & Economics
ISBN : 9789811015212

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Essays in Economic Dynamics by Akio Matsumoto,Ferenc Szidarovszky,Toichiro Asada Pdf

This book reflects the state of the art in nonlinear economic dynamics, providing a broad overview of dynamic economic models at different levels. The wide variety of approaches ranges from theoretical and simulation analysis to methodological study. In particular, it examines the local and global asymptotical behavior of both macro- and micro- level mathematical models, theoretically as well as using simulation. It also focuses on systems with one or more time delays for which new methodology has to be developed to investigate their asymptotic properties. The book offers a comprehensive summary of the existing methodology with extensions to the more complex model variants, since considerations on bounded rationality of complex economic behavior provide the foundation underlying choice-theoretic and policy-oriented studies of macro behavior, which impact the real macro economy. It includes 13 chapters addressing traditional models such as monopoly, duopoly and oligopoly in microeconomics and Keynesian, Goodwinian, and Kaldor–Kaleckian models in macroeconomics. Each chapter presents new aspects of these traditional models that have never been seen before. This work renews the past wisdom and reveals tomorrow's knowledge.

Microeconomics

Ralph T. Byrns,Gerald W. Stone
Microeconomics Book PDF

Author : Ralph T. Byrns,Gerald W. Stone
Publisher : Addison Wesley
Page : 0 pages
File Size : 52,8 Mb
Release : 1995
Category : Ekonomi- mikro ekonomi
ISBN : 0673993280

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Microeconomics by Ralph T. Byrns,Gerald W. Stone Pdf

With powerful examples and engaging writing, Microeconomics provides students with insights into how individual households and firms make decisions in an increasingly complex economic environment. The Microeconomics package constantly applies theory to everyday experiences and historical events. Powerful threads of economic theory are interwoven through the body of this edition: the globalization of economic activity; the dynamics of labor markets; and the pervasiveness of imperfect information and strategic behavior. The inclusion of a unique chapter on health care economics applies standard microeconomic tools to the health care issue and provides a framework for understanding the various policy proposals concerning health care.

Complex Economics

Alan Kirman
Complex Economics Book PDF

Author : Alan Kirman
Publisher : Routledge
Page : 272 pages
File Size : 52,5 Mb
Release : 2010-09-13
Category : Business & Economics
ISBN : 9781136941672

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Complex Economics by Alan Kirman Pdf

The economic crisis is also a crisis for economic theory. Most analyses of the evolution of the crisis invoke three themes, contagion, networks and trust, yet none of these play a major role in standard macroeconomic models. What is needed is a theory in which these aspects are central. The direct interaction between individuals, firms and banks does not simply produce imperfections in the functioning of the economy but is the very basis of the functioning of a modern economy. This book suggests a way of analysing the economy which takes this point of view. The economy should be considered as a complex adaptive system in which the agents constantly react to, influence and are influenced by, the other individuals in the economy. In such systems which are familiar from statistical physics and biology for example, the behaviour of the aggregate cannot be deduced from the behaviour of the average, or "representative" individual. Just as the organised activity of an ants’ nest cannot be understood from the behaviour of a "representative ant" so macroeconomic phenomena should not be assimilated to those associated with the "representative agent". This book provides examples where this can clearly be seen. The examples range from Schelling’s model of segregation, to contributions to public goods, the evolution of buyer seller relations in fish markets, to financial models based on the foraging behaviour of ants. The message of the book is that coordination rather than efficiency is the central problem in economics. How do the myriads of individual choices and decisions come to be coordinated? How does the economy or a market, "self organise" and how does this sometimes result in major upheavals, or to use the phrase from physics, "phase transitions"? The sort of system described in this book is not in equilibrium in the standard sense, it is constantly changing and moving from state to state and its very structure is always being modified. The economy is not a ship sailing on a well-defined trajectory which occasionally gets knocked off course. It is more like the slime described in the book "emergence", constantly reorganising itself so as to slide collectively in directions which are neither understood nor necessarily desired by its components.

Economyths

David Orrell
Economyths Book PDF

Author : David Orrell
Publisher : John Wiley & Sons
Page : 303 pages
File Size : 51,9 Mb
Release : 2010-08-16
Category : Business & Economics
ISBN : 9780470678022

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Economyths by David Orrell Pdf

From the inability of wealth to make us happier, to our catastrophic blindness to the credit crunch, Economyths reveals ten ways in which economics has failed us all. Forecasters predicted a prosperous year in 2008 for financial markets - in one influential survey the average prediction was for an eleven percent gain. But by the end of the year, the Standard and Poor's 500 index - a key economic barometer - was down 38 percent, and major economies were plunging into recession. Even the Queen asked - "Why did no one see it coming?" An even bigger casualty was the credibility of economics, which for decades has claimed that the economy is a rational, stable, efficient machine, governed by well-understood laws. Mathematician David Orrell traces the history of this idea from its roots in ancient Greece to the financial centres of London and New York, shows how it is mistaken, and proposes new alternatives. Economyths explains how the economy is the result of complex and unpredictable processes; how risk models go astray; why the economy is not rational or fair; why no woman has ever won the Nobel Prize for economics; why financial crashes are less Black Swans than part of the landscape; and finally, how new ideas in mathematics, psychology, and environmentalism are helping to reinvent economics.

The Economy

The Core Team
The Economy Book PDF

Author : The Core Team
Publisher : Core Economics Education
Page : 0 pages
File Size : 41,7 Mb
Release : 2022-07
Category : Electronic
ISBN : 1838165665

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The Economy by The Core Team Pdf

A complete introduction to economics and the economy taught in undergraduate economics and masters courses in public policy. CORE's approach to teaching economics is student-centred and motivated by real-world problems and real-world data. The only introductory economics text to equip students to address today's pressing problems by mastering the conceptual and quantitative tools of contemporary economics. THE ECONOMY: is a new approach that integrates recent developments in economics including contract theory, strategic interaction, behavioural economics, and financial instability; challenges students to address inequality, climate change, economic instability, wealth creation and innovation, and other problems; provides a unified treatment of micro- and macroeconomics; motivates all models and concepts by evidence and real-world applications.

Behavioral Rationality and Heterogeneous Expectations in Complex Economic Systems

Carsien Harm Hommes
Behavioral Rationality and Heterogeneous Expectations in Complex Economic Systems Book PDF

Author : Carsien Harm Hommes
Publisher : Unknown
Page : 253 pages
File Size : 51,8 Mb
Release : 2013
Category : Economics
ISBN : 1139621645

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Behavioral Rationality and Heterogeneous Expectations in Complex Economic Systems by Carsien Harm Hommes Pdf

"Recognising that the economy is a complex system with boundedly rational interacting agents, the book presents a theory of behavioral rationality and heterogeneous expectations in complex economic systems and confronts the nonlinear dynamic models with empirical stylized facts and laboratory experiments. The complexity modeling paradigm has been strongly advocated since the late 1980s by some economists and by multidisciplinary scientists from various fields, such as physics, computer science and biology. More recently the complexity view has also drawn the attention of policy makers, who are faced with complex phenomena, irregular fluctuations and sudden, unpredictable market transitions. The complexity tools - bifurcations, chaos, multiple equilibria - discussed in this book will help students, researchers and policy makers to build more realistic behavioral models with heterogeneous expectations to describe financial market movements and macro-economic fluctuations, in order to better manage crises in a complex global economy"--

Economics and Information

Pascal Petit
Economics and Information Book PDF

Author : Pascal Petit
Publisher : Springer Science & Business Media
Page : 224 pages
File Size : 44,6 Mb
Release : 2001-11-30
Category : Business & Economics
ISBN : 0792375718

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Economics and Information by Pascal Petit Pdf

This book explains the way in which information and knowledge are treated in contemporary economic theories and, therefore, contributes to our understanding of the importance of the strategic organisation of information and the acquisition of know-how to the behaviour of modern economies. It gathers together contributions of experts on the role of information in the various theories covered: specifically, in system analysis, in game theory, in the 'statistical theory of information', in theories of market pricing, of financial speculation and of bounded rationality decision making, in the evolutionary theory of the firm, in the 'new industrial economics' and in the 'economics of codification'. Economics and Information is divided into three parts. Part One deals with general theories of information. Part Two addresses the role of information in the functioning of markets. Part Three considers the importance of information to the operation of organisations. Conclusions are drawn in Part Four on the implications for the process of economic growth and for economic policies. It, therefore, provides new insights into some of the puzzling features of recent developments in the so called New Economy.