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> Modeling Monetary Economies

Modeling Monetary Economies

Content for this title is coming soon. In the meantime you can view the title on Cambridge Core.


Bruce Champ, Scott Freeman, Joseph H. Haslag, University of Missouri, Columbia


Thoroughly updated and expanded with a new chapter on blockchain and increased coverage of cryptocurrency, as well as new data, this established advanced undergraduate textbook approaches the subject via first principles. It builds on a simple, clear monetary model and applies this framework consistently to a variety of monetary questions. Starting with trade being mutually beneficial, the authors demonstrate that money makes people better off, and that government money competes against other means of payments, including other types of government…

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Key features

  • Simplifies the economy by starting with two markets in general equilibrium, and students can develop comfort with two markets, then extend the structure by adding an additional market as needed
  • Shows where calculus could be used, but focuses on budget constraints and requires students to apply substitution method
  • Coverage of cryptocurrencies and blockchain technologies and their place in the economy has been thoroughly expanded
  • Events like the 2007–8 Financial Crisis (Great Recession) are analyzed in the context of the model economy, therefore allowing students to see the fundamental economic trade-offs

About the book

  • Subjects Economic Theory,Economics
  • Format: Hardback
    • Publication date: 02 June 2022
    • ISBN: 9781316515211
    • Dimensions (mm): 254 x 177 mm
    • Weight: 0.943kg
    • Page extent: 475 pages
    • Availability: Available
  • Format: Paperback
    • Publication date: 02 June 2022
    • ISBN: 9781009096508
    • Dimensions (mm): 254 x 177 mm
    • Weight: 0.726kg
    • Page extent: 475 pages
    • Availability: Available
  • Format: Digital
    • Expected publication date: 17 June 2022
    • ISBN: 9781009099639