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Gachinto 11-26-2009 03:01 AM

Economic Textbooks / Recommended Reads
 
Hi to all the Econ students on RS! Do you have any good reading material regarding economics? Maybe a book that your prof recommended, your textbook, or something you've came across.

Thanks! :thumbsup:

TheRaySta 11-26-2009 03:51 AM

Tim Harford - Undercover Economist. You can find a pdf download through google if you look around.

dr.faustus 11-26-2009 03:52 AM

in terms of textbooks, try anything by krugman or bernanke.
as a magazine, "the economist" surprisingly consists of little actual economics, and instead focuses more on politics, news, and current events. the usual others are fortune, forbes and business week.
and the most interesting, easy-to-understand read for the economics newbie is probably freakonomics and the recently released superfreakonomics.

RFlush 11-26-2009 04:36 AM

Naked economics is one of the best books I have ever read. But don't give me too much credit, I don't read books nor have I fully read any economic textbooks (I just don't buy textbooks) and im in my last semester for my econ degree!

El Bastardo 11-26-2009 05:23 AM

This should really be in the Campus Forum

roastpuff 11-26-2009 10:08 AM

Try the Reluctant Economist by Richard Easterlin. Quite interesting if you're interested in the disparity between the First World and the Third World.

misteranswer 11-26-2009 10:50 AM

Do you want to read books to learn about theory, or do you want to read books with applied theory?

Beilei 11-26-2009 10:51 AM

ECONOMICS OF MONEY BANKING & FINANCIAL MARKETS 3RD EDITION
BY: MISHKIN

Nice readings on bonds, stocks, Bank of Canada, and interest rates

shenmecar 11-26-2009 10:55 AM

Quote:

Originally Posted by El Bastardo (Post 6701290)
This should really be in the Campus Forum

+1

anl27 11-26-2009 11:21 AM

Principles of Microeconomics 4th CDN edition - Frank Bernanke


they have colourful graphs and tables

misteranswer 11-26-2009 05:25 PM

Quote:

Originally Posted by El Bastardo (Post 6701290)
This should really be in the Campus Forum

Why? This topic doesn't really have anything to do with schools. The only possible reference to schools is his address to econ students.

Gachinto 11-26-2009 05:29 PM

Quote:

Originally Posted by El Bastardo (Post 6701290)
This should really be in the Campus Forum

This is not related to school though.

This is actually for leisure... (yes I'm weird)!

I am asking students and insightful readers because I dun trust the book reviews for "Get Rich 101" or "Rich Dad Poor Dad" on most websites.
:)

Gachinto 11-26-2009 08:29 PM

Quote:

Originally Posted by misteranswer (Post 6701606)
Do you want to read books to learn about theory, or do you want to read books with applied theory?

Hmm... what's the difference? ;) As you can tell I should prolly start with a noob one.

misteranswer 11-26-2009 08:44 PM

Quote:

Originally Posted by Gachinto (Post 6702128)
Hmm... what's the difference? ;) As you can tell I should prolly start with a noob one.

Well, do you want to know about utility maximization, theories as to why we should and shouldn't have fixed exchange rates, how financial markets work, how firms maximize profits, oligopolies and game theory, and the theoretical reasoning for free trade....buy a text book.

If you want to know why abortion reduced the crime rate, descriptions on how gangs work, or someone explaining to you why the great depression happened, you probably wanna read some applied theory book like freakonomics.

Gachinto 11-26-2009 09:09 PM

Quote:

Originally Posted by misteranswer (Post 6702161)
Well, do you want to know about utility maximization, theories as to why we should and shouldn't have fixed exchange rates, how financial markets work, how firms maximize profits, oligopolies and game theory, and the theoretical reasoning for free trade....buy a text book.

If you want to know why abortion reduced the crime rate, descriptions on how gangs work, or someone explaining to you why the great depression happened, you probably wanna read some applied theory book like freakonomics.

Applied theories would certainly be more interesting to read; however, for someone who did not have prior knowledge in the field wouldn't it be less appropriate? Many of these theories may be false or simply crazy ideas, hence I'm trying to get opinions which are less commercially bias. Not to say that the textbooks UBC uses are 100% the best. Sometimes it may be beneficial to read new ideas with an open mind too...

misteranswer 11-26-2009 09:51 PM

A book like Freakonomics will teach you what you need to know in order to understand it. It's not an academic journal article.

The_AK 11-26-2009 10:08 PM

Quote:

Originally Posted by Beilei (Post 6701610)
ECONOMICS OF MONEY BANKING & FINANCIAL MARKETS 3RD EDITION
BY: MISHKIN

Nice readings on bonds, stocks, Bank of Canada, and interest rates

i heard theres a great course based on just that

CP.AR 11-26-2009 10:18 PM

Quote:

Originally Posted by Beilei (Post 6701610)
ECONOMICS OF MONEY BANKING & FINANCIAL MARKETS 3RD EDITION
BY: MISHKIN

Nice readings on bonds, stocks, Bank of Canada, and interest rates

Mishkin +1
Prof. Newman (UBC) has a love/hate relationship with the guy lawl

Quote:

Originally Posted by The_AK (Post 6702310)
i heard theres a great course based on just that

Yea, at UBC It's ECON 345


If you would like to read something about Economic history of Europe I highly recommend "A Farewell to Alms" by Gregory Clark.

Gachinto 11-26-2009 10:48 PM

Quote:

Originally Posted by TheRaySta (Post 6701280)
Tim Harford - Undercover Economist. You can find a pdf download through google if you look around.

I couldn't find it. :( I thought I was reading it on google but it's a review.
Quote:

Originally Posted by dr.faustus (Post 6701281)
in terms of textbooks, try anything by krugman or bernanke.
as a magazine, "the economist" surprisingly consists of little actual economics, and instead focuses more on politics, news, and current events. the usual others are fortune, forbes and business week.
and the most interesting, easy-to-understand read for the economics newbie is probably freakonomics and the recently released superfreakonomics.

I've seen Freakonomics, ranked way up on Amazon!
Economics and Politics are like Knife and Fork; actually more like chopsticks.
Quote:

Originally Posted by Beilei (Post 6701610)
ECONOMICS OF MONEY BANKING & FINANCIAL MARKETS 3RD EDITION
BY: MISHKIN

Nice readings on bonds, stocks, Bank of Canada, and interest rates

Thank I will definitely look into that when it's more in my league.

misteranswer 11-26-2009 10:56 PM

Mishkin is pretty basic text book on banking.

TRDood 11-26-2009 11:10 PM

i am doing a masters in economics right now.

there are a lot of books to read, depending what you are interested.

if you have no background in economics, i would suggest just picking up a principles textbook in Macro and Micro. Mankiw is fairly easy to understand.

for intermediate level, if you are into simple math, then take a look at Varian's undergrad text.

if you are in the graduate level for real formal studies, the most popular textbooks for SFU would be

1. Varian - Micro
2. Greene - Econometrics (statistics, you need it to do any empirical work)
3. I don't know what book I use for Macro

to understand the above books, you need to be very good at math.

reading newspaper articles and books don't really help in understanding what's going on in the most basic side of things.

if you want to read real articles, i suggest you reading real empirical work written by universities.

chunk_stir 11-26-2009 11:15 PM

One good book assigned in a graduate seminar I took was called Worldly Philosophers by Heilbroner.
http://www.amazon.com/Worldly-Philos.../dp/068486214X

As someone with zero economics background, I found this book to be very helpful in understanding the development of economic theory. This is not so much a theory of economiccs book, but more of a historical development... but very helpful nonetheless.

misteranswer 11-26-2009 11:49 PM

Quote:

Originally Posted by TRDood (Post 6702416)
3. I don't know what book I use for Macro

Advanced Macro by Romer.

Personally wasn't a big fan of it, but it was sufficient.

Gachinto 11-27-2009 01:42 AM

Quote:

Originally Posted by misteranswer (Post 6702398)
Mishkin is pretty basic text book on banking.

Oh okay! :)
Quote:

Originally Posted by TRDood (Post 6702416)
i am doing a masters in economics right now.

there are a lot of books to read, depending what you are interested.

if you have no background in economics, i would suggest just picking up a principles textbook in Macro and Micro. Mankiw is fairly easy to understand.

for intermediate level, if you are into simple math, then take a look at Varian's undergrad text.

if you are in the graduate level for real formal studies, the most popular textbooks for SFU would be

1. Varian - Micro
2. Greene - Econometrics (statistics, you need it to do any empirical work)
3. I don't know what book I use for Macro

to understand the above books, you need to be very good at math.

reading newspaper articles and books don't really help in understanding what's going on in the most basic side of things.

if you want to read real articles, i suggest you reading real empirical work written by universities.

Well I'm in the middle of a design degree, so I can't really afford the time and money to study economics. I don't even think I can do grad school in economics or something since design/architecture is totally unrelated (academically).
Quote:

Originally Posted by chunk_stir (Post 6702424)
One good book assigned in a graduate seminar I took was called Worldly Philosophers by Heilbroner.
http://www.amazon.com/Worldly-Philos.../dp/068486214X

As someone with zero economics background, I found this book to be very helpful in understanding the development of economic theory. This is not so much a theory of economiccs book, but more of a historical development... but very helpful nonetheless.

Philosophy sounds like my kind of read! Thx. :)


So... where should I get these books? Would be nice if I can find them at library, probably not the textbooks tho. It is cheaper to get it from Amazon or from UBC/SFU bookstore? I can get my buddies to get it for me.

Gachinto 11-27-2009 02:09 AM

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