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The great merit of this book is to bring out the connection in the clearest and shortest possible way. The Concise Guide To Economics is a handy, quick reference guide for those already familiar with basic economics, and a brief, compelling primer for everyone else. Professor Jim Cox introduces topics ranging from entrepreneurship, wages, money, trade, and inflation to the consequences of price controls and anti-price gouging laws. If it were read alongside the daily newspaper, it would undermine most all the fallacies that appear nearly every day. Along the way, he defends the crucial role of advertising, speculators, and heroic insider traders. Thus does the book combines straightforward, common sense analysis with hard-core dedication to principle, using the fewest words possible to explain the topic clearly. And each brief chapter includes references to further reading so those who are curious to dig deeper will know where to look next. The popularity of this book has been growing for several years. A website dedicated to it is already very popular. One organization dedicated to public activism buys it by the hundreds, viewing it as the shortest and best way to counter economic fallacy. The Concise Guide makes a great gift to those who have never thought about the workings of economic logic, and thereby misunderstand the case for free-market capitalism. From the Introduction by Llewellyn H. Rockwell, Jr.: The beauty of Cox's book comes from both its clear exposition and its brevity. He offers only a few paragraphs on each topic but that is enough for people see both error and truth. Sometimes just mapping out the logic beyond the gut reaction is enough to highlight an economic truth. He does this for nearly all the topics that confront us daily. Many people only have a moment. That's why the guide is essential. It is probably the shortest and soundest guide to economic logic in print. May it be burned into the consciousness of every citizen now and in the future.
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Contributions are tax-deductible to the full extent the law allows. EnglishChris Marme, Professor, Augustana CollegeChapters on international trade, environmental economics, poverty and inequality, and many others are included. Chapters on international trade, environmental economics, poverty and inequality, and many others are included. However, since Jerome Powell has been chair of the FED since February of 2018 the profile of former chair, Janet Yellen, in chapter 28 needs to be replaced. The text presents Yellen as the current chair and expresses optimism in her prospects!These things may seem obvious to us but are incredibly value for students struggling to see what the key point of what they are reading. Each chapter begins with a bring it home section presenting a a key question that chapter will address and finishes the chapter with a discussion of that topic in terms of the content of that chapter. Each chapter ends with a summary of key concepts and the chapter overall. For example, production possibilities, opportunity cost, and the supply and demand model must be discussed early in the term, Each chapter is well organized beginning with a problem that by the end of the chapter the reader should be able to address more deeply. There are also sections that link topics to relevant examples, clarify difficult concepts, and work through more technical material in a step by step manner. The text has convenient links to terms, topics, diagrams, and tables referred to earlier. Such links are also found in the index. Once done reviewing the reader is left on her own to find out where she was in the text. I developed a strategy that, after a while, worked. I simply went to the table of contents and clicked on what I remembered was the section I had been reading. I think many students will find this frustrating however. Chapter 2 ends with a discussion of pursuing a college or post-graduate degree.
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The authors suggest that some who fail to go beyond high school simply choose not to borrow the money needed to fund their education. This implies that all of us have equal access to credit. They go on to suggest that the decision to not borrow might reflect a preference to earn now and to enjoy oneself now. This plays into the notion that many who are poor simply have difficulty delaying gratification. I am sure that this is not the authors' intent but I sat there reading this asking myself how I would interpret this if I were a first generation college student. It is fantastic! It is comprehensive, current, and has a great resources. It is far superior to any paid for textbook. It is fantastic! It is comprehensive, current, and has a great resources. It is far superior to any paid for textbook. Perfect resource. Charts, graphs, references are on point.They are very succinct and reasonable for a course by course assignment. I find myself making reference to topics that come later in the book, so I try to present the fundamentals first. Tristan Coughlin, Assistant Professor, Augustana CollegeAll of the traditional micro and macro topics that would be covered in a principles course are covered extensively. There are also many additional chapters that can be used as complements to complement and. All of the traditional micro and macro topics that would be covered in a principles course are covered extensively. There are also many additional chapters that can be used as complements to complement and supplement the traditional material. I was impressed with the way that controversial topics such as environmental protection, poverty, and inequality are covered. Market-based and government-based solutions to common economic problems are presented with a fair presentation of the costs and benefits of each. I'm happy to see that topics like the Keystone Pipeline are discussed. It will be difficult to update this text simply because it is so extensive.
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However, the theories behind the topics are presented in such that it will not be impossible.Many complex economic topics are covered, and for the most part, they are explained at a basic undergraduate level. My only criticism is that words and phrases were often defined using a lot of technical terminology without extensive use of examples to supplement the definitions. Each chapter is presented in the same format. The terminology was also very consistent. Since material builds on itself, consistency is very important. This text presents the material in a practical sequence that allows for sequential learning. Chapters can be easily rearranged. However, the modularity within chapters is such that it may be difficult for students to see how the material builds and is related to previous material. While it's good for a text to avoid being overly self-referential, this text goes a bit too far in that the material sometimes appears unrelated when it definitely is. The text covers a very large amount of material, so the fact that there are many chapters is a plus. The chapters are logically structured, but they are divided in such a way that it is easy to rearrange material. Graphs and charts are not overly complex. Economics texts often overdue it when it comes to graphing. While graphing is important, for principles students, it should be simplified as much as possible. Examples used and topics addressed are culturally inclusive and relevant. Economic theory principles are covered extensively, and there are a lot of supplementary and complementary topics. The material is up-to-date and it is presented in a way that gives the instructor a lot of flexibility in what, how, and when material is covered. Bill Burrows, Economics Instructor, Lane Community College, Eugene,ORNo Glossory:( but the eight-page-triple column index is very thorough and complete. No Glossory:( but the eight-page-triple column index is very thorough and complete.
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Other than that, pretty darn good presentation overall. This assumes no regular re-writes or revisions of course, which is the norm with most OER texts. But leaving out any references to current events can result in a text that seems bland and encyclopedic. Dang, it's a difficult balance to achieve.I suppose the greatest complement I could give is to point out that this text did not look, feel, or read like a generic OER text. It gave the impression of a product that was produced by a well-financed college text publisher. Actually, that's at least partially the case, since Timothy Taylor's second ed.This is tough to do with an economic principles text, given that broad blocks of material build upon themselves, much like a language or math course. This text's modularity is thoroughly acceptable by my standards. Pretty minor complaint and easily rectified by simply omitting or re-arranging a bit. Again, basing this OER text on an earlier second iteration of a free-market produced product likely pretty much eliminated these sorts of issues. Having largely originated as a publisher-produced product being marketed to culturally sensitive public sector educators, I am confident it was properly and thoroughly vetted in this realm. Solina Lindahl, Lecturer, California Polytechnic State UniversityI'd like the graphs to be less fragile looking (thin lines, light colors) The text includes many current examples, which are handled in a politically equitable way. The outcome is a balanced approach to the theory and application of economics concepts. The second edition has been thoroughly revised to increase clarity, update data and current event impacts, and incorporate the feedback from many reviewers and adopters. The first edition of Principles of Economics by OpenStax is available in the ancillaries. To learn about our use of cookies and how you can manage your cookie settings, please see our Cookie Policy. By closing this message, you are consenting to our use of cookies.
These will include guides to teach CORE online, video tutorials and interactive apps. Explore them now, for free. CORE does not shy away from the complexity of the problems we face. The CORE materials are so good they make me want to teach introductory economics again.” This means a focus on both the historical foundations of current institutions and trends, but also an awareness of current empirical evidence on economic phenomena. It asks a lot of students but it also rewards their effort with a sense of empowerment.” The centrality of institutions and history in its presentation of economics not only brings students closer to the frontier of modern economics than standard texts, but also keeps them interested and engaged throughout the course.” I realized that the job scope of an economist stretches beyond that. CORE is an excellent book if you want to know more about how economics is relevant in everyday life. It tackles the fundamentals, but also the issues that we are interested in like the global financial crisis.” The discussion sections were particularly interesting and inspired me to ask my own questions, which eventually led to my fascination with my current research topic on agent based modelling.” Log in to CORE Labs. Can be used for indexing older Ag.The tool assesses both the short term and long term expected costs and benefits. Contact Lauren Cartwright with any problems or concerns accessing the tool from this site. Comparison of September, 2016 and June 2010 versions, GM - 200 Examples Spreadsheets. Financial Functions Spreadsheets. Statistical Formulas and Charts Spreadsheets. These resources can act as a starting point for farm budgets that can be adapted to your operation using your farm records. These cost estimates can be viewed as PDFs or Excel workbooks. The production costs listed are the most current costs available.
Raising wages, squeezing corporate rents key to recovery from COVID-19 shock 21 September 2020 UNCTAD's Trade and Development Report 2020 warns that the global economy has grown more fragile, marred by deeper inequalities. International transport and supply chains key to COVID-19 recovery: UN agencies 17 September 2020 Eight UN organizations urge governments to take a risk-based approach to restoring maritime, air, and inland connectivity with minimal restrictions. Simple online services can be created within two days, with more complex services (involving multiple governments offices) up and running within a week. Such practices have required governments and consumer protection agencies to be vigilant and intervene to protect consumers effectively. Competition authorities have had to show flexibility through exemptions and exceptions to ensure the survival of businesses. It can also assist countries to strengthen consumer protection through coordinated enforcement and information exchange mechanisms, improved awareness-raising campaigns and complaint tools and measures addressing the needs of vulnerable and disadvantaged consumers. The programme also offers assistance and expertise on business continuity plans to manage business disruption. The assessments give UNCTAD access to a unique network of people making a difference in creating an enabling environment for e-commerce in their country. It supports efforts to use e-commerce as a solution to avoid trade disruption, foster access to essential goods and protect livelihoods. The SME sector is being hardly hit by lockdowns and other restrictions imposed by countries across the globe to contain the spread of the coronavirus, resulting in declining demands in several sectors, broken supply chains and logistics. These include stimulus packages to assist struggling companies, subsidizing SMEs, and the cancellation or reduction of taxes on companies.
The assistance aims at empowering states with the necessary policy options to reform their IIAs to allow them to better respond to severe crisis of global magnitudes without risking expensive ISDS proceedings. Some of them recently introduced temporary export bans, while others are experiencing serious disruptions of their supply chains for potential COVID-19 treatments and personal protective equipment. In addition, concerns exist over the supply of critical resources to poor developing countries at affordable prices. These partnerships require the handling of intellectual property rights in existing and future treatments. They provide investors with essential information on policies, procedures and opportunities that are otherwise scattered across many different websites or outright not available. In the context of the COVID-19 pandemic, the investment promotion programme has focused its efforts on assisting investment promotion agencies (IPAs) in dealing with the crisis. Some of the measures that aim at reducing the international spread of the coronavirus are also crippling international trade and transport. They include rapid scans of national emergency regulation framework in relation to cross-border trade; capacity-building for national trade facilitation committees, as well as on regional collaboration to facilitate and streamline cross-border trade and transport. It may have been moved, or removed altogether. Perhaps you can return back to the site’s homepage and see if you can find what you are looking for. Utilizziamo sia cookie tecnici sia cookie di parti terze per inviare messaggi promozionali sulla base dei comportamenti degli utenti. Puo conoscere i dettagli consultando la nostra privacy policy qui. Proseguendo nella navigazione si accetta l’uso dei cookie; in caso contrario e possibile abbandonare il sito.
Subsequent retaliation by trading partners and the prospect of further escalation risk significantly hampering trade and investment, and possibly the global economy. Each Federal Reserve Bank gathers anecdotal information on current economic conditions in its District through reports from Bank and Branch directors and interviews with key business contacts, economists, market experts, and other sources. The Beige Book summarizes this information by District and sector. An overall summary of the twelve district reports is prepared by a designated Federal Reserve Bank on a rotating basis. To browse Academia.edu and the wider internet faster and more securely, please take a few seconds to upgrade your browser. READ PAPER Download pdf. Learn aboutPress enter to select and open the results on a new page. Two standards must be met. In the United States and most other developed economies, herd immunity is most likely to be achieved in the third or fourth quarter of 2021. Key variables are the arrival, efficacy, and coverage of vaccines; we anticipate four scenarios (Exhibit 1). A return to normalcy might come sooner, possibly in the first or second quarter of 2021. Every day matters, for lives and livelihoods. Global sales of light vehicles in 2020 might decline 20 to 25 percent from prepandemic forecasts. In the hardest-hit countries, sales could fall by 45 percent. Electric vehicles (EVs) have not been spared. But our new research finds that EV sales may come back quickly in the next couple of years, especially in Asia and Europe, for a few reasons (Exhibit 2). If you would like information about this content we will be happy to work with you.A second report considers five of these trends. One critical finding: as lives become hyperlocal, modes of transport will change. We expect a drastic decrease in private-car usage in some major European cities but only a slight decline in North America.
Greater China will become even more reliant on public transit and rail as some drivers are coaxed out of their cars. Several analyses offer insights; one on debt-service coverage ratios finds that companies in industrial equipment and logistics are among the most vulnerable, along with real estate, travel, and retail. Telecom companies are better situated, as their business has been only mildly disrupted. In 2015, UN signatories set an ambitious target of achieving gender equality and empowering women and girls everywhere. Five years on, we assess the scant progress to date, blunted by COVID-19, and offer ten things that everyone needs to know about gender equality. And, with disruption everywhere, people miss their old lives. That’s a problem for managers, who can take three practical steps to help people process their grief. Consider our special collection, “The next normal: The recovery will be digital,” featuring a 172-page curated volume that you can download —the first of five edited collections that accompany “Our New Future,” a multimedia series we created with CNBC. The world anxiously awaits an effective COVID-19 vaccine that can be readily distributed. Until then, the priority is to reenergize organizations—to act rather than react. Even as the uncertainties of the COVID-19 crisis multiply, the goal must be to rebuild for the longer term. There are many ways to lead, but regardless of the type of business or geography, ten actions can form a path to emerge stronger from the crisis. We go on to more specific considerations, such as the need to make big moves fast and to be willing to rethink entire portfolios, including where work gets done. But companies must adjust for the particulars of their industry. Healthcare companies might want to pay strict heed to six trends that are affecting their business. Most were under way before the crisis. And now is the time to claim the hundreds of billions of dollars that could be saved through productivity gains.
Businesses have a big role to play in the solution. Blood donors frequently cite convenience and social pressure as prompts. Virtual campaigns for blood drives can help blood centers quickly reach large audiences and steer them to the locations most convenient for them. Our new research finds that the financial-planning process for 2021 presents an opportunity to turn hard-earned lessons from the COVID-19 pandemic into an enduring exercise in linking strategy to value.