About the book
Too often monetary economics has been taught as a collection of facts about institutions for students to memorize. By teaching from first principles instead, this advanced undergraduate textbook builds on a simple, clear monetary model and applies this framework consistently to a wide variety of monetary questions. Starting with the case in which trade is mutually beneficial, the book demonstrates that money makes people better off, and that government money competes against other means of payments, including other types of government money. After developing each of these topics, the book tackles the issue of money competing against other stores of value, examining issues associated with trade, finance, and modern banking. The book then moves from simple economies to modern economies, addressing the role banks play in making more trades possible, concluding with the information problems plaguing modern banking, which result in financial crises.
Editions of Modeling Monetary Economies
- Hardcover
- ISBN 9781107145221
- Paperback
- ISBN 9781316508671
Read an Excerpt
Too often monetary economics has been taught as a collection of facts about institutions for students to memorize. By teaching from first principles instead, this advanced undergraduate textbook builds on a simple, clear monetary model and applies this framework consistently to a wide variety of monetary questions. Starting with the case in which trade is mutually beneficial, the book demonstrates that money makes people better off, and that government money competes against other means of payments, including other types of government money. After developing each of these topics, the book tackles the issue of money competing against other stores of value, examining issues associated with trade, finance, and modern banking. The book then moves from simple economies to modern economies, addressing the role banks play in making more trades possible, concluding with the information problems plaguing modern banking, which result in financial crises.
Frequently Asked Questions
What is Modeling Monetary Economies about?
Too often monetary economics has been taught as a collection of facts about institutions for students to memorize. By teaching from first principles instead, this advanced undergraduate textbook builds on a simple, clear monetary model and applies this framework consistently to a wide variety of monetary questions. Starting with the case in which trade is mutually beneficial, the book demonstrates that money makes people better off, and that government money competes against other means of payments, including other types of government money. After developing each of these topics, the book tackles the issue of money competing against other stores of value, examining issues associated with trade, finance, and modern banking. The book then moves from simple economies to modern economies, addressing the role banks play in making more trades possible, concluding with the information problems plaguing modern banking, which result in financial crises.
What core themes, tropes, or subjects are explored in Modeling Monetary Economies?
Economics, Finance, Business and Management > Economics > Macroeconomics > Monetary economics
Where can I read a sample of Modeling Monetary Economies?
You can read an official preview of the few pages here https://www.book2look.com/book/9781107145221
Who is/are the Author/s of the book Modeling Monetary Economies?
Bruce Champ,Scott Freeman,Joseph Haslag
What are the ISBN numbers for the physical and digital editions?
Modeling Monetary Economies is available as hardcover(ISBN 9781107145221) and paperback(ISBN 9781316508671)