Book Description
Economics of Money, Banking, and Financial Markets heralded a dramatic shift in the teaching of the money and banking course in its first edition, and today it is still setting the standard. By applying an analytical framework to the patient, stepped-out development of models, Frederic Mishkin draws students into a deeper understanding of modern monetary theory, banking, and policy. His landmark combination of common sense applications with current, real-world events provides authoritative, comprehensive coverage in an informal tone students appreciate. Mishkin’s previous post as Executive Vice President and Director of Research at the Federal Reserve Bank of New York lends an insiders-view that helps to demystify this key institution for students.
Customer Reviews:
Fast service. excellent condition.......2007-10-02
I received my book before expected. The condition was as it was stated- excellent. Very satisfy with supplier.
Too thorough...........2007-04-25
I'm a student at the University of Michigan business school and this was a book assigned for one of the introductory economics courses here. It is VERY verbose and this can be both beneficial and problematic. On one hand, this book would be really helpful for those who are weak in symbolic logic since Mishkin go to great lengths to explain everything. But some of the unnecessary extra explanations can be distracting to the point of confounding the essentials. It wouldn't hurt to trim 1/3 of the contents in each chapter.
good service.......2005-10-05
I ordered the book right before the hurrican Katrina. So my ordered was canceled, but they contacted me right away about my order and refunded my money back. Good service!!
Pretty good book for intermediate level.......2004-07-11
Design:
The book is designed well with appropriate headings and sub-headings making it smooth to read and navigate. The language used is also well understood.
Content:
This book introduces the various financial markets: bond, stock, foreign exchange and a brief discussion on derivatives. It gives a general idea and analysis behind the operating mechanisms of monetary policies, paving the way for further studies into the topics.
Its main focus is on the U.S. economy, and includes applications in the European Union and Asia as well. Small sections are devoted to real world applications, with reference to the concepts taught.
For who:
On the other hand, this book remains an introduction to monetary economies and is not for students seeking detailed analysis. Students should also have a basic background on economics in order to utilize the text to the fullest.
Wonderful and accessible book.......2002-11-23
Highly recommended for both dummies and people familiar with economics. The author presents an unbiased, unpartisan, clear introduction to numerous aspects of monetary policy, financial institutions, and financial markets. Along with factual material the author presents important and profound generalizations and principles.
Customer Reviews:
Simple, to the point........2007-03-23
A lot of economics texts you will come across will be filled with a plethora of pointless information. This text gets to the point and helps you understand the basic concepts of economics. It also showcases stories at the beginning of each chapter to put the concepts in real world perspective. Its very simple, to the point with just enough graphs, tables, and real world applications to make it a fun, quick, and highly informative read.
Effective and engaging.......2002-05-18
Has a real knack for conveying complex economic concepts quickly and systematically with little effort. E.g., only a few minutes after reading the Keynesian perspective on fiscal policy I was able to graph and explain how equilibrium changes are affected by government spending. Not having an economics background I find this book remarkable!
Customer Reviews:
Good book for undergrads.......2005-04-06
We used this book in our international finance class in univ of chicago. what i have is the 2nd edition but i have to admit this is a really comprehensive and clearly organized book, it is an ideal book for people who are interested in getting a general picture of money, banking and basic exchange rates. one drawback i can think of is the price.
About the MyEconLab attachment to this book.......2005-02-16
If you're an independent learner; that is, not enrolled as a student in a course at a school, OR IF YOU ARE, BUT THE INSTRUCTOR IS NOT PARTICIPATING (Using the MyEconLab software for course materials), and thus can't provide you with a COURSEID, a warning about the MyEconLab study aid attachment to this textbook; the instructions for registering to use MyEconLab are less than candid.
They just say that without a CourseId you can still access "most of the online resources listed." You are directed to a generic Mishkin web site instead of registering at the main MyEconLab portal.
Being an honest person, I used the alternate registration. I was still asked for the ZIP for my school; I used my own. I then got a list of local schools or "Other" to choose from. I chose other, and entered "Independent Learner".
The registration then completed; the confirmation stated it is only good for SIX MONTHS.
If you go to the main MyEconLab Web portal shown in the user manual after registering as a non-student, your user ID will not be recognized. You have to use a generic portal for the Mishkin textbook instead.
What you get there is:
e-textbook, glossary, FLASH animated graphs, chapter quizzes and Web links from the textbook margins
The Weekly news selection (web links, so may expire; earliest was Aug. 2004)
The "Chapter Readings" in journals, etc. (ditto above)
Since these can expire at their parent web sites, I suggest you take the precaution of printing them out (I use Acrobat to make PDF files or download PDF files if available at the source). Also check out any links in the articles and do the same.
The Readings are probably the best of what you DO get, along with the animations and quizzes. The web links are updated, that's OK if you're not good at figuring that sort of thing out for yourself.
There is also a series of Chapter Appendices, not printed in the book, available with the e-text of the book at the alternate site.
WHAT YOU WON'T GET:
"Foundations Interactive" (whatever that is)
"MathXL for Econ" - the math review tutorial (would be nice)
"Research Navigator"
"eThemes of the Times"
The last two are a REAL Disappointment to me, because the Navigator (see textbook Preface) is supposed (among other things) to provide "a complete YEAR of search for full-text articles from the New York Times" and "Best of Web Link Library of peer-reviewed web sites." The last is described in the Preface as "thematically related articles from the NYTimes accompanied by critical-thinking questions." I was looking forward to these, because the NYTimes charges $$ by the article for archived (non-current) articles, and this can get expensive in a hurry, and an increasing number of other web sites, including industry association journals are now similarly archive and have paid access only.
So without being enrolled in a class that has an instructor who is using the course material software, you won't be able to access some of the BEST of the advertised materials of the MyEconLab add on.
They could have been clearer about WHAT exactly you would have had access to. They also could have said that the non-student registration is only good for 6 months, since the description of the NYTimes access for a full year (which you don't get at all) might reasonably lead one to infer that the registration is valid for a year.
And I fail to see why they couldn't throw in at least the Math review tutorial, since it wouldn't seem to involve any kind of outside contract or royalty such as the NYTimes access might.
Wow, an Econ book that is actually easy to understand!.......2004-09-30
I'm on Chapter 4 of this book, and I'm surprised at how clear and concise the author is. The sections are broken up very well and provide side titles in case you ever need to flip back to a certain topic.
The best by far of slim pickings.......2004-01-18
I reviewed every Money and Banking text I could get my hands on before selecting Mishkin's text to use while I was an instructor at one of the top universities in the US. Mishkin's text was hands-down the best text. But there weren't a lot of alternatives to choose from. This text gets used in a lot of MBA programs.
The thing I liked most about this text was its comprehensiveness. Mishkin did a far better job than the other text of introducing stock options. And of course, he covered the banking (money multiplier, bnak loans, etc.) side comprehensively. Good job with exchange rates, too.
Weaknesses: Need more on the insurance industry, particularly with the biggest banks now firmly in that business. Need more on financial futures. And finally, I'd like to see a little more mathematical rigor. I supplemented the text in an undergrad class with some more mathematical articles from the economics literature.
Customer Reviews:
no math.......2007-05-25
Overall this book was OK. It presented the key information in money and banking and the authors often made it entertaining to read. However the one major flaw with the book is the lack of ANY math. I know that some books are marketed for a more mathematical approach and thus contain more advanced mathematics accordingly. However this book had so little math it was laughable. I recall one section where the authors said "this can be proven mathematically, but for now just take our word for it..."
NO, I won't take your word for it, because knowing the underlying principals is to truly understanding anything.
Poorly written.......2006-03-22
Principles of Money, Banking, and Financial Markets contains a great deal of information regarding economics in the United States. As a student, I find it to be poorly written. The authors/editors make constant reference throughout the text to other sections of the text. For example, we will discuss this in depth in chapter seven, but for now, lets reflect our continued study from chapter two and three. By doing so, we will be better prepared to read chapter eleven when we get to it. If the authors / editors left out the references and just left the actual information needed to learn the material, the student would be able to follow the material and perhaps understand the topic better. I am strongly encouraging our economics department to seek another text for future semesters.
Customer Reviews:
fast shipment and a great price!.......2007-01-20
this book came fast and was exactly what I ordered, thank you!!!!
Average customer rating:
- A well written text book
- A mostly complete bridge across a chasm
- nah don't buy it
- Well written survey
- Money, the Financail System, and the Economy
|
Money, the Financial System, and the Economy plus MyEconLab Student Access Kit (5th Edition) (Myeconlab)
R. Glenn Hubbard
Manufacturer: Addison Wesley
ProductGroup: Book
Binding: Hardcover
 Economics
| Business & Investing
| Subjects
| Books
| Agricultural
| Commercial Policy
| Comparative
| Consolidation & Merger
| Cooperatives
| Debt & Deficits
| Development & Growth
| Econometrics
| Economic Conditions
| Economic History
| Economic Policy & Development
| Exports & Imports
| Free Enterprise
| Inflation
| International
| Labor & Industrial Relations
| Macroeconomics
| Microeconomics
| Money & Monetary Policy
| Natural Resources
| Privatization
| Public Finance
| Statistics
| Sustainable Development
| Theory
| Unemployment
| Urban & Regional
General
| Popular Economics
| Business & Investing
| Subjects
| Books
General
| Business & Investing
| Subjects
| Books
General
| Accounting
| Industries & Professions
| Business & Investing
| Subjects
| Books
Banks & Banking
| Industries & Professions
| Business & Investing
| Subjects
| Books
General
| Accounting
| Accounting & Finance
| Professional & Technical
| Subjects
| Books
General
| Finance
| Accounting & Finance
| Professional & Technical
| Subjects
| Books
Look Inside Business Books
| Trip
| Specialty Stores
| Books
Look Inside Nonfiction Books
| Trip
| Specialty Stores
| Books
All Titles
| Qualifying Textbooks - Fall 2007
| Stores
| Books
Business & Investing
| Qualifying Textbooks - Fall 2007
| Stores
| Books
Professional
| Qualifying Textbooks - Fall 2007
| Stores
| Books
Similar Items:
-
Money, the Financial System, and the Economy Study Guide
-
Bank Management
-
The Financial System and the Economy: Principles of Money and Banking (with InfoTrac®)
-
Microeconomics
-
Macroeconomics
ASIN: 032124639X |
Customer Reviews:
A well written text book.......2007-02-07
This book is easy to read and explains the finacial markets and intermediaries well. I go to Ohio University and this is the primary text book for the class I am in, the chapters are relatively short and the questions are well laid out. We don't use the book enough for me to give it 5 stars.
A mostly complete bridge across a chasm.......2005-06-14
In future editions it'd be helpful to have a stronger discussion of imperfect markets. Hubbard's neo-classicism is what made G W Bush pick him to lead the Council of Economic Advisors. But to get a more full picture of finance (especially on the international scale) one should read this side by side with Stiglitz's "Globalization and its Discontents".
This is a great book for undergrads who are not economics majors - the market features are covered effectively, thoroughly, and without the jargon that characterizes most exchanges between seasoned economists.
This is a decent book for undergrad econ majors, although by the time most of us get around to Money & Banking or Financial Economics, we've had intermediate macro and micro and are juniors looking forward to internships. Still, the presentation is not overly complex, and the assumption that the student is a beginner does indeed help for those who missed a full grasp of some of the finer points of theory.
This is not a great book for grad students, although there really aren't any great books for grad students in financial econ. MBA students will focus more in detail on the derivative and futures markets, particularly in terms of pricing assets. MSF students have their modeling books. Econ students really have to turn to the journals to broaden their scope in terms of theory, and especially to find answers to the "What if's" of imperfect markets.
Written by a grad student in Economics at the University of Missouri - St. Louis
nah don't buy it.......2002-12-12
Please do yourself another favour this year by not buying this textbook. The writter had a difficult time explain the meaning of money and frequency confuse what he was wrtiing in chappeters.
Well written survey.......2000-03-09
Having taken only a few basic econ courses in college I was looking for a book that would explain the workings of the fed in detail. My main interest is in trading. I found this book to be perfect. It was neither too simple nor too complex. Everything was cogently written and accessible to a layman. I found answers to all my questions and it's organized in a manner that chapters can be read independently of one another. It will serve as an excellent reference manual.
Money, the Financail System, and the Economy.......1999-09-02
As a resource for undergraduate work, I found this text invaluable. If I had known of this work earlier in my academic career, it would have appeared in more of my research as a source. A must have for almost any general or specific economic study.
Book Description
The fifth edition of Macroeconomics emphasizes a core set of ideas across a variety of topics, providing a comprehensive, balanced treatment of classical and Keynesian economics. The update booklet features discussions about the most notable transitions in important macroeconomic topics and data since the publication of the Fifth Edition. This text plays upon students' natural curiosity and desire for relevance by offering a modern, applied approach to traditional topics and an in-depth look at areas of macroeconomics not covered by other texts. The flexibility gained by using this comprehensive approach gives instructors the opportunity to tailor course coverage and topic sequence. Pedagogical tools reinforce concepts, and end-of-chapter features help students to organize their learning. Accompanying exercises in the text provide a unique opportunity for students to analyze the very data that policy makers, professional economists, and government officials rely on in their day-to-day work. The Fifth Edition is enhanced by MyEconLab, the online homework system featuring automatically graded graphing problems and proven tutorial tools.
Customer Reviews:
Average at Best.......2007-06-23
Perhaps it was the professor or perhaps it was this book (though the professor basically read verbatim from the ppt slides provided by the book's publishers, so it's the book anyway you look at it), but this text left you confuse and dazed. It was verbose and tedious at times. The examples given could have been thought up by anyone with commonsense, thus it was somewhat superfluous when the authors spent 1-2 pages explaining the example.
Also, the main text of the chapters would not provide a student with adequate information for tackling the exercises at the end of the chapter.
Customer Reviews:
UNO student .......2005-05-18
This book is pretty easy to follow, if you can follow simple algebraic graphs and logic (emphasize logic). I thought at first that maybe this book may have been easy, so I looked around on amazon and inferrred from what I read that all the micro books that are making big sales to universities are the same. By that I mean not to math intensive, just schedules, graphs, and definitions. I got an A in the class and feel like I definitely learned something. I recommend this book for those who want to learn on own also.
A good survey.......2003-10-26
'Foundations of Microeconomics' by Robin Bade and Michael Parkin is an interesting text for an introductory course in Microeconomics. The primary academic division at the beginning level of economics is the Micro/Macro-economic divide; often it is taught as a two-semester sequence for students going into economics, political science, history, business or any other such discipline that requires a thorough grounding in economic theory and principles.
Bade and Parkin are aware from decades of teaching experience that students often get lost in a sea of detail, and that many introductory economics texts (as do the introductory texts of many fields) attempt to do too much too quickly in introducing their subjects. Bade and Parkin organise each chapter, therefore, around only a few core principles - three or four at most. They have also built into this text a very extensive set of charts and diagrams to demonstrate the points that are being explained in the text.
Each chapter begins with a checklist, and ends with checkpoints (which follow on from section checkpoints along the way). Included in this is a featured called the 'Eye on...' feature - these are small articles that highlight practical, real life situations in which the principles under discussion apply. They may be domestic or international in scope, and may be current or significant in history.
The book is adaptable to many different uses - the introductory pages highlight four alternative means of focus that the book can take: a traditional micro-economics course approach; a public policy emphasis; a business emphasis; or a shorter policy emphasis. Each of these build on core principles in the early chapters, and then expand from there depending upon the primary interests of the class or reader.
The layout of the book is visually interesting and lively. The use of colour, photographs, and charts and graphs adds tremendously to the feel of the text. The text is sharp and concise, without sacrificing clarity or content.
One very important section that I wish would have more detail and emphasis is the appendix to chapter 1 - Making and Using Graphs. Interpreting and drawing graphs seems to be the single largest problem area for students I tutor in microeconomics, so more emphasis on this part would be appreciated, particularly as the skills given in this section carry throughout the entire book. As a primary tool, the relegation of this to an appendix sends somewhat of a mixed message of the importance of graphs. Perhaps renaming this as a chapter in its own right would help somewhat, with more detail and examples (much like in mathematics, it is in the repetition of the exercises that the students gain mastery of the concepts). Students are indeed called upon to do many exercises during the course of this text (learning by doing, rather than just through reading), but the early grounding in graphical representation is critical.
Book Description
KEY MESSAGE: Abel, Bernanke, and Croushore present macroeconomic theory in a way that prepares readers to analyze real macroeconomic data used by policy makers and researchers. This text uses a unified approach based on a single economics model that provides readers with a clear understanding of macroeconomics and its classical and Keynesian assumptions.
Introduction: Introduction to Macroeconomics; The Measurement and Structure of the National Economy.
Long-Run Economic Performance: Productivity, Output, and Employment; Consumption, Saving, and Investment; Saving and Investment in the Open Economy; Long-Run Economic Growth; The Asset Market, Money, and Prices.
Business Cycles and Macroeconomic Policy: Business Cycles; The IS-LM/AD-AS Model: A General Framework for Macroeconomic Analysis; Classical Business Cycle Analysis: Market-Clearing Macroeconomics; Keynesianism: The Macroeconomics of Wage and Price Rigidity.
Macroeconomic Policy: Its Environment and Institutions: Unemployment and Inflation; Exchange Rates, Business Cycles, and Macroeconomic Policy in the Open Economy; Monetary Policy and the Federal Reserve System; Government Spending and Its Financing.
For all readers interested in intermediate macroeconomics.
Books:
- Elements of Dynamic Optimization
- Ethical Theory and Business, Seventh Edition
- Execution: The Discipline of Getting Things Done
- Falling Off the Map: Some Lonely Places of The World
- Financial Risk Manager Handbook (Wiley Finance)
- Fiscal Administration
- Forest Resource Economics and Finance
- Forgotten New York: Views of a Lost Metropolis
- Go Put Your Strengths to Work: 6 Powerful Steps to Achieve Outstanding Performance
- Good to Great and the Social Sectors: A Monograph to Accompany Good to Great
Books Index
Books Home
Recommended Books
- The Cloud Atlas
- LPI Linux Certification in a Nutshell
- Designing the School Curriculum
- History: Fiction or Science
- History: Fiction or Science
- Information Technology Control and Audit, Second Edition
- Murder on Astor Place
- Proceed and Be Bold: Rural Studio After Samuel Mockbee
- English Country Interiors: Inside Cotswold Homes
- Elk and Deer: Antlered Animals of the West
Economics of Money, Banking and the Financial Market (Study Guide)
Macroeconomics
Essentials of Investments with Standard & Poor's Bind-in Card
Macroeconomics (4th Edition)
Macroeconomics
