Economics, financial engineering, and international economics and trade are three different disciplines, although they may sometimes sound similar. Economics is the study of human economic activities, focusing on how countries, companies, individuals, and organizations maximize their effectiveness while taking into account resource allocation and cost-effectiveness. The study of economics includes production, distribution, exchange, and consumption. Its goal is to reveal the essential laws of economic phenomena and provide decision-making support for the government and society. Financial engineering is a field of applied mathematics, statistics, and computer science aimed at designing and implementing financial tools to help financial institutions and investors achieve their financial goals. Financial engineering usually involved the pricing, risk management, and investment optimization of financial instruments such as stocks, bonds, futures, options, and currencies. International economy and trade referred to the economic activities of a country or region on a global scale, including trade, investment, logistics, and supply chain management. International economy and trade usually involved international trade rules, exchange rates, customs duties, immigration, and foreign policy. Although there may be some similarities between economics, financial engineering, and international economics and trade, there are also many differences. For example, economics was more concerned with theoretical problems while financial engineering was more concerned with practical problems. International economy and trade also involved the cultural background, laws and regulations, and competitive landscape of different countries and regions.
Engineering economics is a discipline that studies how to use economic principles and mathematical methods to solve economic problems in engineering practice. The main research contents include project cost analysis, income analysis, risk management, market behavior, investment decision-making, etc. In engineering economics, economic principles are applied to engineering practice to maximize engineering costs, increase profits, reduce risks, and achieve sustainable development. At the same time, engineering economics is also closely related to other disciplines such as finance, statistics, physics, etc. Its research methods and theories are also widely used in other related fields.
Students of the Department of Economics and Management should read the following books: Principles of Economics (by Mankiw): This is a classic economics textbook that covers the basic concepts, theories, methods, and practices of economics. It is one of the must-read books for international trade students. International Trade (by Su Yongxian): This is a textbook for international trade majors. It details the basic concepts, theories, policies, and practices of international trade. It is one of the necessary reference books for international trade majors. International Business Negotiations (by Sun Guangping): This is a textbook for international business majors. It details the theory and practice of international business negotiations, including business negotiation skills, contract writing, payment methods, etc. 4. Marketing (by Philip Kotler): This is a textbook for marketing majors. It provides a detailed introduction to the basic concepts, theories, methods, and practices of marketing, including market analysis, target markets, market research, marketing strategies, and so on. Financial Management (by James Preston): This is a textbook for financial management majors. It provides a detailed introduction to the basic concepts, theories, methods, and practices of financial management, including financial analysis, investment decisions, risk management, and so on. The above books are essential reference books for international trade students in the Department of Economics and Management. They can help them better understand and master international trade, marketing, and financial management.
Engineering economics cases involving real estate were as follows: Real estate investment and development: refers to a kind of investment behavior that takes real estate projects as the main investment body to obtain capital gains and economic benefits through construction, development, operation, sales and other links. Real estate investment and development usually needed to go through the stages of land acquisition, planning, design, construction, sales, etc. The engineering economics involved included land use, architectural design, construction management, marketing strategy, etc. Real estate investment trust: refers to the real estate investment trust as an investment method, through the trust institution to invest real estate to investors to obtain rental income and capital appreciation. Real estate investment trusts usually involve engineering economics issues such as trust structure, rental income distribution, risk management, etc. 3. Real estate lease: It refers to an investment behavior that obtains real estate by lease. Real estate lease usually involves the calculation of rental income, the formulation of lease contract, lease risk management and other engineering economics issues. 4. Real estate bubble: refers to the phenomenon of excessive prosperity in the real estate market, inflated prices, and low actual value, which eventually leads to the collapse of the market. The real estate bubble has a far-reaching impact on investors and the entire economy. It involves engineering economics issues such as market supply and demand, capital flow, risk management and so on. Real estate investment fund: refers to a form of fund that is funded by a professional fund management company to obtain investment returns through real estate investment. Real estate investment funds usually involve investment strategy, risk management, investment decision-making and other engineering economics issues.
The recommended economics books were as follows: 1 Capital-Karl Karl 2 Principles of Economics-Adam Smith Microeconomics: A Modern View by Robert Mundell 4. Microeconomics-Joseph Stiglitz 5. State Capitalism-Lin Yifu 6 The Way of Thinking in Economics-Paul Krugman These books were classic works of economics and had made important contributions to the development and theory of economics. Reading these books could help readers understand the basic concepts and principles of economics as well as their practical applications.
Economics novels usually depicted the prosperity and collapse of an economic system, as well as the role and influence of people in it. Such novels often explored the interactions between governments, corporations, and individuals and how they affected economic growth and stability. In economics novels, there are often many characters, some of which may be heroes and some of which may be villains. These characters usually have their own goals and motives. Their actions and decisions will affect the development and stability of the entire economic system. The plots in economics novels are often very complicated, with many variables and conditions that require careful planning and organization by the author. Some common plots included economic crises, political turmoil, technological innovation, energy revolutions, and trade wars. An economics novel is an interesting literary form that allows readers to understand the workings of the economic system and reflect on the role and responsibilities of humans in it.
Political cartoons about economics trade usually address themes such as job losses due to outsourcing, the power dynamics between developed and developing nations in trade, and the effects of tariffs on consumers. They can use humor or exaggeration to make their points more effectively and draw attention to important economic trade issues.
An 'economics graphic novel' is a book that presents economic concepts in a graphic or comic - like format. It can be used for learning economics by making complex ideas more accessible. For example, it can use pictures and dialogue to explain supply and demand in a more engaging way than a traditional textbook.
Milk and Coke Economics is a 2008 economics book by Robert Krugman that focuses on the challenges and problems facing the global economy and the methods and strategies to deal with them. In the book, the author proposed a concept called the " Milk and Coke Principle ", which was that the problems in an economy were often not only economic problems but also influenced by political, social, and cultural factors. Therefore, solving economic problems required a comprehensive consideration of various factors, not just from an economic perspective. Milk and Coke Economics mainly explored the causes and effects of the global financial crisis as well as the measures and effects taken by the government in response to the crisis. The author believes that the financial crisis is not a simple economic problem but a political and social problem that requires the joint efforts of the government and all parties in society to solve. The book also put forward some policy suggestions to deal with the global financial crisis, including strengthening financial supervision, promoting international economic cooperation, and reforming the welfare system and tax system. These suggestions have certain implications for solving the current problems facing the global economy. In general, Milk and Coke Economics was a book that explored global economic issues. It had important reference value for readers to understand global economic trends, policy making, and public governance.
Economics books suitable for freshmen included Capital, The Wealth of Nations, Principles of Economics, and other classics. These books covered a wide range of economics and were very helpful for beginners. In addition, he could also deepen his understanding and application of economic theory by reading relevant academic papers and textbooks.