It only takes a small spark to ignite a child's mind! The ABCs of Economicsintroduces babies (and grownups!) to a new economic concept for each letter of the alphabet, from asymmetric, business cycle, and capital, all the way to zero sum. With a tongue-in-cheek approach that adults will love, this installment of the Baby University board book series is the perfect way to introduce basic concepts to even the youngest economists.

The ABCs of RBCs is the first book to provide a basic introduction to Real Business Cycle (RBC) and New-Keynesian models. These models argue that random shocks—new inventions, droughts, and wars, in the case of pure RBC models, and monetary and fiscal policy and international investor risk aversion, in more open interpretations—can trigger booms and recessions and can account for much of observed output volatility. George McCandless works through a sequence of these Real Business Cycle and New-Keynesian dynamic stochastic general equilibrium models in fine detail, showing how to solve them, and how to add important extensions to the basic model, such as money, price and wage rigidities, financial markets, and an open economy. The impulse response functions of each new model show how the added feature changes the dynamics. The ABCs of RBCs is designed to teach the economic practitioner or student how to build simple RBC models. Matlab code for solving many of the models is provided, and careful readers should be able to construct, solve, and use their own models. In the tradition of the “freshwater” economic schools of Chicago and Minnesota, McCandless enhances the methods and sophistication of current macroeconomic modeling.

This alphabet book brings the topic of economics down to a child's level, using tangible examples and scenarios to explain complex ideas. M is for Money uses snappy rhymes and expository text to introduce subjects ranging from supply and demand to taxes. Dynamic and witty artwork brings each topic to life.

Until now, freedom-minded parents had no educational material to teach their children the concepts of liberty. The Tuttle Twins series of books helps children learn about political and economic principles in a fun and engaging manner. With colorful illustrations and a fun story, your children will follow Ethan and Emily as they learn about liberty!

"What does it mean to be free? Can young children understand these ideas? Find out as the Tuttle Toddlers help explain the principles of liberty!"--Page 4 of cover.

This volume focuses on the political economy of early state societies and the ways in which the income of the central government of such systems was collected and spent. At the theoretical end of the spectrum, this book offers a general discussion of the concept of political economy; modes of production in antiquity; and an overview of early state organizational forms. With the data represented in this volume, such theoretical viewpoints are evaluated and it is concluded that inherited approaches fall far short of explaining the political economies of early states.

From stocks and shares to supply and demand, tiny tots will discover just how simple economics can be.

This revised edition of ABCs is a lively and accessible introduction to modern political economy. Informed by the work of Marx, Veblen, Kalecki, Robinson, Minsky and other great political economists, Robin Hahnel provides the essential tools needed to understand economic issues today. Dispelling myths about financial liberalisation, fiscal austerity, globalisation and free markets, the ABCs offers a critical perspective on our present system and outlines clear alternatives for the future. This second edition applies the analytical tools developed to help readers understand the origins of the financial crisis of 2007, the ensuing 'Great Recession,' and why government policies in Europe and North America over the past six years have failed to improve matters for the majority of their citizens. The second edition also helps explain what is causing climate change and what will be required if it is to be resolved effectively and fairly.

"While most adults find economics confusing, there are many aspects that even kids can understand. Join the Tuttle Toddlers in this tongue-in-cheek breakdown of free-market basics!"--Page 4 of cover.