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More than 100,000 copies sold in its first 2 editions; Over 93,000 students enrolled; Translated into 12 languages; Corresponds to standard college economics courses; Use with most macroeconomics texts; Includes a new chapter on economic growth.

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I want you to celebrate your progress one day at a time. This journal is dedicated to business owners who want to track their progress in competing for government contracts. I want you to take daily action steps to improve your chances of winning a government contract. ...

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Psychology Psychologists do important work, but it doesn’t take one to know that people operate a lot like computers. We’ve got code inside that issues a response when stimulated. The more you know the person, the more you know which responses to expect. In ...

Numerous studies have examined what intangible and tangible factors might cause one organization to outperform others over a period of time. There is no question that ideas and talent are invaluable, but it is no longer any surprise that the single most important factor ...

Today’s post is about the benefits of cognitive ambidexterity, why you should take some time to work on it each week, and how you can do that. What is Cognitive Ambidexterity? Cognitive ambidexterity is a measure of how simultaneously right and left brained an ...

The communications revolution is no longer promising to shift production possibility frontiers outwardly, it is doing so rapidly. But there is a second shift we have not seen yet, and that’s the big data shift. The capacity for organizations to improve decisions ...

Enhanced financial regulation typically comes with intended and unintended consequences. Directive 2004/39/EC, the Market for Financial Instruments Directive (MiFID), for example, successfully increased competition among financial instrument trading organizations in ...

Information technologies and the data they create are changing the world rapidly in a multitude of ways. The legal profession, one of the most traditional and adverse to change, is beginning to adapt. A new breed of data savvy lawyers are entering legal circles ...

The Internet of things (IOT) is a reference to computerization in devices and machines we use in everyday life. Smart homes and the smart appliances in them are examples of things that are more and more frequently connected to the Internet and programmable with ...

National and international level statistics that report macroeconomic indicators, like nominal and real inflation, international transaction flows, and trade statistics, are relied on by market participants, policy makers and stakeholders as inputs to critical ...

Big data means billions if not trillions of observations recorded daily. Sophisticated data infrastructures and advanced algorithms reveal new insights into our fast changing world, but only for those massive organizations with the transaction frequency and the know how ...

What is economic policy? If economics can be described as the study of the allocation of scarce resources among agents, economic policy can be described as the public rules and regulations that guide that allocation. Wherever a society is governed with laws, there will ...

What is maths programming? Mathematical programming, or computational programming, is the process of translating mathematically representable problems into computer languages then harnessing the power of computers to solve them. Along with the Internet, and task ...

What is decision analysis? Decision analysis is a subcategory of decision science. Ultimately, all data science could be classified as decision science, because the entire point of data analytics and informatics is to enable better decision making processes to yield ...

What is optimization Optimization is about making choices that lead to first best outcomes. Mathematically, optimization is usually described with differential calculus, though when functions are linear, and problems are adequately fit substitution can lead to optimal ...

What is international trade? International trade is the movement of goods across national borders. Because bilateral exchange rates change frequently, international trade is watched closely by national and supranational governments. Small changes in currency pair ...

What is modelling? Modelling is an important part of decision science. Modellers make simplified representations of reality to produce judgements about reality and guide real decisions. Models can be abstract and theoretical, or data driven and empirical. Both ...

What is data wrangling? Data wrangling is the process of preparing data for analysis or computation. It includes transforming data into various formats and statistical derivations, cleaning data to account for missing observations, clumsy data types, or outright errors, ...