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  • Economic Evaluation in Education : Cost-Effectiveness and Benefit-Cost Analysis
    Economic Evaluation in Education : Cost-Effectiveness and Benefit-Cost Analysis

    The past decade has seen increased attention to cost-effectiveness and benefit-cost analysis in education as administrators are being asked to accomplish more with the same or even fewer resources, philanthropists are keen to calculate their "return on investment" in social programs, and the general public is increasingly scrutinizing how resources are allocated to schools and colleges. This text (titled Cost-Effectiveness Analysis in its previous editions) is the only full-length book to provide readers with the step-by-step methods they need to plan and implement a benefit-cost analysis in education.The authors examine a range of issues, including how to identify, measure, and distribute costs; how to measure effectiveness, utility, and benefits; and how to incorporate cost evaluations into the decision-making process.The updates to the Third Edition reflect the considerable methodological development in the evaluation literature, and the greater empiricism practiced by education researchers, to help readers learn to apply more advanced methods to their own analyses. SAGE congratulates author Henry M. Levin, winner of the 2017 AERA Distinguished Contributions to Research in Education Award.

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  • Economic Evaluation of Sustainable Development
    Economic Evaluation of Sustainable Development


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  • History of Economic Analysis
    History of Economic Analysis

    At the time of his death in 1950, Joseph Schumpeter was working on his monumantal History of Economic Analysis.Unprecedented in scope, the book was to provide a complete history of economic theory from Ancient Greece to the end of the second world war.A major contribution to the history of ideas as well as to economics, History of Economic Analysis rapidly gained a reputation as a unique and classic work. As well being an economist, Schumpeter was a gifted mathematician, historian, philosopher and psychologist and this is reflected in the multi-disciplinary nature of his great endeavour.Topics addressed include the techniques of economic analysis, contemporaneous developments in other sciences and the sociology of economics.This inclusiveness extends to the periods and individuals who figure in the book.As well as dealing with all of the major economists from Adam Smith to Maynard Keynes, the book considers the economic writings of Plato and Aristotle, of the Medieval Scholastics and of the major European economists.Throughout, Schumpeter perceived economics as a human science and this is reflected in a volume which is lucid and insightful throughout.

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  • Analysis of Economic Data
    Analysis of Economic Data

    Analysis of Economic Data has, over three editions, become firmly established as a successful textbook for students studying data analysis whose primary interest is not in econometrics, statistics or mathematics. It introduces students to basic econometric techniques and shows the reader how to apply these techniques in the context of real-world empirical problems.The book adopts a largely non-mathematical approach relying on verbal and graphical inuition and covers most of the tools used in modern econometrics research. It contains extensive use of real data examples and involves readers in hands-on computer work.

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  • How are economic cycles and economic growth related?

    Economic cycles and economic growth are closely related. Economic cycles refer to the fluctuations in economic activity, including periods of expansion and contraction. Economic growth, on the other hand, refers to the long-term increase in a country's output of goods and services. During an economic expansion phase of the cycle, there is typically higher economic growth, as businesses invest and consumer spending increases. Conversely, during a contraction phase, economic growth tends to slow down or even turn negative. Therefore, economic cycles can have a significant impact on the overall level of economic growth in a country.

  • How does economic growth occur in the economic cycle?

    Economic growth occurs in the economic cycle through a combination of factors. During the expansion phase of the cycle, businesses invest in new equipment and technology, leading to increased productivity and output. This increased production leads to higher employment levels and consumer spending, further fueling economic growth. Additionally, during this phase, consumer and business confidence is high, leading to increased investment and spending. Overall, economic growth occurs as a result of increased production, employment, and investment during the expansion phase of the economic cycle.

  • What is the difference between economic system and economic process?

    An economic system refers to the structure and organization of an economy, including the institutions, laws, and policies that govern economic activity. It encompasses the overall framework within which economic decisions are made, resources are allocated, and goods and services are produced and distributed. On the other hand, an economic process refers to the specific actions and activities that take place within an economic system, such as production, consumption, investment, and trade. While the economic system sets the rules and parameters for these processes, the economic process involves the day-to-day activities and transactions that drive the economy.

  • Are we in an economic crisis or a global economic crisis?

    We are currently facing a global economic crisis due to the impact of the COVID-19 pandemic. The pandemic has caused widespread disruptions to economies around the world, leading to job losses, business closures, and financial instability. Governments and central banks have implemented various measures to mitigate the economic fallout, but the full extent of the crisis is still unfolding. The interconnected nature of the global economy means that the effects of this crisis are being felt on a worldwide scale.

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  • Economic Evaluation, Cost-Benefit Analysis, Economic Ethics : A Review with Regard to Climate Change – Figures in the Sustainability Discourse
    Economic Evaluation, Cost-Benefit Analysis, Economic Ethics : A Review with Regard to Climate Change – Figures in the Sustainability Discourse

    With cost-benefit analysis, economic sciences cultivate a specific decision-making procedure, which has also been partially adopted in politics.Although economists do not experience the approach as normative, on closer examination the approach can be identified as an economic ethics.The present philosophical and at the same time transdisciplinary (with special legal and economic components) treatment examines the persuasive power of this approach using climate change as an example, as the most important sustainability issue.The objections raised against the economisation of decision-making with regard to the utilitarian tradition, such as the criticism of the orientation towards weighing up options, the alleged lack of distributive justice or the tendency to describe people in behavioural science as selfish, are hardly or not at all convincing on closer examination.In several respects, however, it turns out that cost-benefit analysis faces insoluble problems.Firstly, the theoretical basis of (hidden normative) cost-benefit analysis in philosophical empiricism does not seem tenable.This means the idea of empiricism that normative questions must be transformed into questions of factual (countable and reproduceable) preferences of people.Secondly, there are massive collisions of cost-benefit analysis with a liberal-democratic constitutional law, whose principles are universal ethical principles.This concerns both freedom rights (which must not depend on the ability of humans to pay) and the model of democracy and respect for the rule of law.Thirdly, insoluble problems of application arise for cost-benefit analyses, which are particularly (but not only) apparent in the context of climate protection, in general considerations as in the case of legislation as well as in individual analyses, as done when constructing a coal-fired power plant.A strongly deflated cost-benefit analysis could nevertheless contribute factual material – such as partial aspects of decision consequences that can actually be depicted in monetary terms – to ethical or legal decision-making processes.In this respect the approach appears helpful and complementary, but not beyond that.

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  • Further Mathematics for Economic Analysis
    Further Mathematics for Economic Analysis

    This book finds the right balance between mathematics and economic examples, providing a text that is demanding in level and broad ranging in content, whilst remaining accessible and interesting to its target audience.

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  • Economic Analysis of Property Rights
    Economic Analysis of Property Rights

    The standard neoclassical model of economics is incapable of explaining why one form of organization arises over another.It is a model where transaction costs are implicitly assumed to not exist; however, transaction costs are here defined as the costs of strengthening a given distribution of economic property rights, and they always exist.Economic Analysis of Property Rights is a study of how individuals organise resources to maximise the value of their economic rights over these resources.It offers a unified theoretical structure to deal with exchange, rights formation, and organisation that traditional economic theory often ignores.It explains how transaction costs can be reduced through reorganization and, in the end, how the distribution of property rights that exists is the one that maximizes wealth net of these transaction costs. This necessary hypothesis explains much of the puzzling organizations and institutions that exist now and have existed in the past.

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  • Essential Mathematics for Economic Analysis
    Essential Mathematics for Economic Analysis

    Acquire the key mathematical skills you need to master and succeed in Economics.Essential Mathematics for Economic Analysis, 6th edition by Sydsaeter, Hammond, Strøm, and Carvajal is a global best-selling text providing an extensive introduction to all the mathematical resources you need to study economics at an intermediate level. This book has been applauded for covering a broad range of mathematical knowledge, techniques, and tools, progressing from elementary calculus to more advanced topics. With a plethora of practice examples, questions, and solutions integrated throughout, this latest edition provides you a wealth of opportunities to apply them in specific economic situations, helping you develop key mathematical skills as your course progresses. Key features: Numerous exercisesand worked examples throughout each chapter allow you to practice skills and improve techniques. Review exercisesat the end of each chapter test your understanding of a topic, allowing you to progress with confidence. Solutionsto exercises are provided in the book and online, showing you the steps needed to arrive at the correct answer. Pair this text with MyLab® Math MyLab® is the teaching and learning platform that empowers you to reach every student.By combining trusted author content with digital tools and a flexible platform, MyMathLab personalises the learning experience and improves results for each student. If you would like to purchase both the physical text and MyMathLab, search for: 9781292359342 Essential Mathematics for Economic Analysis, 6th edition with MyMathLab Package consists of: 9781292359281 Essential Mathematics for Economic Analysis, 6th edition9781292359311 Essential Mathematics for Economic Analysis, 6th edition MyMathLab9781292359335 Essential Mathematics for Economic Analysis, 6th edition Pearson eText MyLab® Math is not included.Students, if MyLab is a recommended/mandatory component of the course, please ask your instructor for the correct ISBN.MyLab should only be purchased when required by an instructor.Instructors, contact your Pearson representative for more information.

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  • How can sustainable economic activity be reconciled with simultaneous economic growth?

    Sustainable economic activity can be reconciled with simultaneous economic growth by implementing policies and practices that prioritize environmental and social considerations alongside economic development. This can include investing in renewable energy, promoting sustainable agriculture, and implementing regulations to reduce pollution and waste. Additionally, businesses can adopt sustainable practices such as reducing energy consumption, minimizing waste, and promoting fair labor practices. By integrating sustainability into economic decision-making, it is possible to achieve economic growth while also preserving natural resources and promoting social well-being for future generations.

  • What are economic relationships?

    Economic relationships refer to the connections and interactions between individuals, businesses, and governments that involve the production, distribution, and consumption of goods and services. These relationships are based on the exchange of resources, such as money, labor, and capital, to create value and promote economic growth. Economic relationships can take various forms, including trade agreements, investment partnerships, and consumer-producer transactions, and play a crucial role in shaping the global economy.

  • What is economic housework?

    Economic housework refers to the unpaid labor that individuals, typically women, perform within the household to maintain and care for the home and family. This includes tasks such as cooking, cleaning, childcare, and managing household finances. Despite being essential for the functioning of a household and the well-being of its members, economic housework is often undervalued and goes unrecognized in traditional economic models. This can contribute to gender inequalities in terms of income, career opportunities, and overall well-being.

  • What is economic sustainability?

    Economic sustainability refers to the ability of an economy to support current and future generations by balancing economic growth with social and environmental responsibility. It involves ensuring that resources are used efficiently and equitably to meet the needs of the present without compromising the ability of future generations to meet their own needs. This includes promoting long-term economic development, reducing inequality, and minimizing negative impacts on the environment. Overall, economic sustainability aims to create a stable and resilient economy that can thrive over the long term.

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