Economics (Included Password CD package)

Offering a modern presentation of the fundamental concepts of economics, this text moves from supply and demand to competitive market equilibrium. It includes the development of a model of how markets actually work. Coverage of modern microecomics includes emphasis on the dynamic nature of micro markets, and current thinking in strategic behaviour and experimental economics, showing how economic theory might work in reality. The macroeconomic coverage includes exploration of the long-run perspective and realistic and dynamic approach to short-run fluctuations. Many examples, comparative data and applications from around the world are provided to highlight the growing interdependence of global economies. An ancillary package is available upon adoption. --This text refers to an out of print or unavailable edition of this title.

John B. Taylor is the Raymond Professor of Economics at Stanford University. His academic fields of expertise are monetary policy, fiscal policy, and international economics. Taylor received the Hoagland Prize for excellence in undergraduate teaching and the Rhodes Prize for his high teaching ratings in Stanford's introductory economics course. He was founding Director of the innovative Stanford Introductory Economics Center, and has held administrative posts in research such as the Director of the Stanford Institute for Economic Policy Research.For four years from 2001 to 2005, Taylor served as Undersecretary of Treasury for International Affairs. He had operational responsibilities for developing and implementing U.S. international financial policy, including currencies, trade in financial services, foreign investment, international debt and development, and reform of the International Monetary Fund, the World Bank, and the other international financial institutions. He was awarded the Medal of the Republic of Uruguay for his work in resolving the 2002 financial crisis.After September 11, 2001, Taylor's office took on additional operational responsibilities, including assembling an international coalition to freeze terrorist assets, expediting the economic reconstruction in Afghanistan, creating a new currency and central bank in Iraq, forging an international agreement to reduce Iraq's debt by 80 percent, and creating a new economic engagement with the Broader Middle East and North African countries. He was awarded the Treasury Distinguished Service Award for designing and implementing the financial reconstruction plan in Iraq. He was also awarded the Alexander Hamilton Award for his leadership in international finance. Taylor has worked with the government in a range of economic advisory roles since 1976.Taylor received a B.A. in Economics summa cum laude from Princeton University in 1968 and a Ph.D. in Economics from Stanford University in 1973. --This text refers to an out of print or unavailable edition of this title.