Just how important is money? Few would deny that it plays a key role in the economy.­ During the Great Depression of the 1930s, existing economic theory was unable either to explain the causes of the ...

The University Center for Economic Development conducts a wide variety of applied and basic research studies, provides extensive technical management and assistance services, offers counseling and ...

The standard model of supply and demand taught in introductory economics is a good example of a useful economic model. Its basic purpose is to explain and analyze prices and quantities traded in a ...