Holt Economics


Book Description

Holt Economics examines the way in which economics affects the lives of individuals and how individuals, through their economic choices, shape their world. Throughout Holt Economics, you are asked to think critically about the events and processes that shape your global, national, and local economy. - Publisher.




Experimental Economics


Book Description

A small but increasing number of economists have begun to use laboratory experiments to evaluate economic propositions under carefully controlled conditions. Experimental Economics is the first comprehensive treatment of this rapidly growing area of research. While the book acknowledges that laboratory experiments are no panacea, it argues cogently for their effectiveness in selected situations. Covering methodological and procedural issues as well as theory, Experimental Economics is not only a textbook but also a useful introduction to laboratory methods for professional economists. Although the authors present some new material, their emphasis is on organizing and evaluating existing results. The book can be used as an anchoring device for a course at either the graduate or advanced undergraduate level. Applications include financial market experiments, oligopoly price competition, auctions, bargaining, provision of public goods, experimental games, and decision making under uncertainty. The book also contains instructions for a variety of laboratory experiments.




Markets, Games, and Strategic Behavior


Book Description

From a pioneer in experimental economics, an expanded and updated edition of a textbook that brings economic experiments into the classroom Economics is rapidly becoming a more experimental science, and the best way to convey insights from this research is to engage students in classroom simulations that motivate subsequent discussions and reading. In this expanded and updated second edition of Markets, Games, and Strategic Behavior, Charles Holt, one of the leaders in experimental economics, provides an unparalleled introduction to the study of economic behavior, organized around risky decisions, games of strategy, and economic markets that can be simulated in class. Each chapter is based on a key experiment, presented with accessible examples and just enough theory. Featuring innovative applications from the lab and the field, the book introduces new research on a wide range of topics. Core chapters provide an introduction to the experimental analysis of markets and strategic decisions made in the shadow of risk or conflict. Instructors can then pick and choose among topics focused on bargaining, game theory, social preferences, industrial organization, public choice and voting, asset market bubbles, and auctions. Based on decades of teaching experience, this is the perfect book for any undergraduate course in experimental economics or behavioral game theory. New material on topics such as matching, belief elicitation, repeated games, prospect theory, probabilistic choice, macro experiments, and statistical analysis Participatory experiments that connect behavioral theory and laboratory research Largely self-contained chapters that can each be covered in a single class Guidance for instructors on setting up classroom experiments, with either hand-run procedures or free online software End-of-chapter problems, including some conceptual-design questions, with hints or partial solutions provided




Quantal Response Equilibrium


Book Description

Quantal Response Equilibrium presents a stochastic theory of games that unites probabilistic choice models developed in psychology and statistics with the Nash equilibrium approach of classical game theory. Nash equilibrium assumes precise and perfect decision making in games, but human behavior is inherently stochastic and people realize that the behavior of others is not perfectly predictable. In contrast, QRE models choice behavior as probabilistic and extends classical game theory into a more realistic and useful framework with broad applications for economics, political science, management, and other social sciences. Quantal Response Equilibrium spans the range from basic theoretical foundations to examples of how the principles yield useful predictions and insights in strategic settings, including voting, bargaining, auctions, public goods provision, and more. The approach provides a natural framework for estimating the effects of behavioral factors like altruism, reciprocity, risk aversion, judgment fallacies, and impatience. New theoretical results push the frontiers of models that include heterogeneity, learning, and well-specified behavioral modifications of rational choice and rational expectations. The empirical relevance of the theory is enhanced by discussion of data from controlled laboratory experiments, along with a detailed users' guide for estimation techniques. Quantal Response Equilibrium makes pioneering game-theoretic methods and interdisciplinary applications available to a wide audience.




Post Keynesian and Ecological Economics


Book Description

This book argues that mainstream economics, with its present methodological approach, is limited in its ability to analyze and develop adequate public policy to deal with environmental problems and sustainable development. Each chapter provides major insights into many of today s environmental problems such as global warming and sustainable growth. Building on the strengths and insights of Post Keynesian and ecological economics and incorporating cutting-edge work in economic complexity, bounded rationality and socio-economic dynamics, this book provides an interdisciplinary approach to deal with a broad range of environmental concerns. The contributors show how and where the two traditions share common ground concerning environmental problems and shed light on how the two schools can learn from one another. The book will be of great value to Post Keynesian and ecological economists as well as to those interested in new approaches to important global environmental issues.




Principles of Economics


Book Description

Principles of Economics, 3rd Edition, by Jeff Holt is a clear, concise, and economical alternative to the typical textbook. This text includes a built-in study guide that enables students to reinforce concepts and better comprehend the material. The book is spiral bound which allows it to lay flat when open, making it easier for students to work the problems in the study guide. Supplemental materials available for adopting instructors include an Instructor's Manual, Test Bank, and Power Point slides--all prepared by the author. This text is in use at the following Colleges and Universities: American International College Austin Peay State University Black Hills State University Cazenovia College Colorado State University - Pueblo Davidson County Community College Eastern Maine Community College El Camino College Elizabethtown Community College Florence Darlington Technical College Geneva College Georgia Highlands College Georgia Southern University Goldey-Beacom College Idaho State University Johnson State College Malvern Preparatory School Mesa Community College Mesabi Range Technical and Community College Millersville University Nicolet Area Technical College Otero Junior College Palm Beach Atlantic University Penn State Worthington Scranton Providence College Sierra College Southern Polytechnic State University Southwestern Oregon Community College Spokane Community College St. Gregory's University SUNY - Cortland Thomas University Trinity College Tulsa Community College University of Arkansas Community College at Hope University of Cincinnati University of Hartford University of Massachusetts Dartmouth University of Montana - Western Utah Valley State College Valdosta Technical College Western Dakota Technical Institute




A New Guide to Post-Keynesian Economics


Book Description

Eichner's classic A Guide to Post-Keynesian Economics (1978) is still seen as the definitive staging post for those wishing to familiarise themselves with the Post-Keynesian School. This book brings the story up-to-date.Of all the subgroups within heterodox economics, Post-Keynesianism has provided the most convincing alternative to mainstream theo




Practicing the King's Economy


Book Description

The church in the West is rediscovering the fact that God cares deeply for the poor. More and more, churches and individual Christians are looking for ways to practice economic discipleship, but it's hard to make progress when we are blind to our own entanglement in our culture's idolatrous economic beliefs and practices. Practicing the King's Economy cuts through much confusion and invites Christians to take their place within the biblical story of the "King Jesus Economy." Through eye-opening true stories of economic discipleship in action, and with a solid exploration of six key biblical themes, the authors offer practical ways for God's people to earn, invest, spend, compensate, save, share, and give in ways that embody God's love and provision for the world. Foreword by Christopher J. H. Wright.




The Economics of Food Price Volatility


Book Description

"The conference was organized by the three editors of this book and took place on August 15-16, 2012 in Seattle."--Preface.




A Foodie's Guide to Capitalism


Book Description

How our capitalist food system came to be -- Food, a special commodity -- Land and property -- Capitalism, food, and agriculture -- Power and privilege in the food system: gender, race and class -- Food, capitalism, crises and solutions