Economics of Money, Banking, and Financial Markets plus MyEconLab Student Access Kit , The, Seventh Edition [Hardcover]

Frederic S. Mishkin (Author)

Book Description

ISBN-10: 0321200497 | ISBN-13: 978-0321200495 | Publication Date: July 11, 2003 | Edition: 7

This market-leading text provides the most authoritative, applications-rich coverage of key concepts, models, and issues in money and banking. Frederick Mishkin previously held the post of Executive Vice President and Director of Research at the Federal Reserve Bank of New York. His writing style, latest research, and discussion of policy issues keep his text at the forefront of money and banking. Every new student textbook comes with an access kit to MyEconLab for Mishkin, an online suite of student and instructor tools built around an online version of the entire textbook.

Product Details

• Hardcover: 768 pages
• Publisher: Addison Wesley; 7 edition (July 11, 2003)
• Language: English
• ISBN-10: 0321200497
• ISBN-13: 978-0321200495
• Product Dimensions: 10.2 x 7.4 x 1.3 inches
• Shipping Weight: 3.8 pounds
• Average Customer Review: 3.9 out of 5 stars  See all reviews (8 customer reviews)
• Amazon Best Sellers Rank: #91,570 in Books (See Top 100 in Books)
  • #91 in Books > Business & Investing > Industries & Professions > Banks & Banking

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Customer Reviews

Most Helpful Customer Reviews

31 of 31 people found the following review helpful:

4.0 out of 5 stars About the MyEconLab attachment to this book, February 15, 2005

By 

Catherine Michael "catherinemichael" (Sacramento CA USA) - See all my reviews

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This review is from: Economics of Money, Banking, and Financial Markets plus MyEconLab Student Access Kit , The, Seventh Edition (Hardcover)

If you're an independent learner; that is, not enrolled as a student in a course at a school, OR IF YOU ARE, BUT THE INSTRUCTOR IS NOT PARTICIPATING (Using the MyEconLab software for course materials), and thus can't provide you with a COURSEID, a warning about the MyEconLab study aid attachment to this textbook; the instructions for registering to use MyEconLab are less than candid.

They just say that without a CourseId you can still access "most of the online resources listed." You are directed to a generic Mishkin web site instead of registering at the main MyEconLab portal.

Being an honest person, I used the alternate registration. I was still asked for the ZIP for my school; I used my own. I then got a list of local schools or "Other" to choose from. I chose other, and entered "Independent Learner".

The registration then completed; the confirmation stated it is only good for SIX MONTHS.

If you go to the main MyEconLab Web portal shown in the user manual after registering as a non-student, your user ID will not be recognized. You have to use a generic portal for the Mishkin textbook instead.

What you get there is:

e-textbook, glossary, FLASH animated graphs, chapter quizzes and Web links from the textbook margins
The Weekly news selection (web links, so may expire; earliest was Aug. 2004)
The "Chapter Readings" in journals, etc. (ditto above)

Since these can expire at their parent web sites, I suggest you take the precaution of printing them out (I use Acrobat to make PDF files or download PDF files if available at the source). Also check out any links in the articles and do the same.

The Readings are probably the best of what you DO get, along with the animations and quizzes. The web links are updated, that's OK if you're not good at figuring that sort of thing out for yourself.

There is also a series of Chapter Appendices, not printed in the book, available with the e-text of the book at the alternate site.

WHAT YOU WON'T GET:

"Foundations Interactive" (whatever that is)
"MathXL for Econ" - the math review tutorial (would be nice)
"Research Navigator"
"eThemes of the Times"

The last two are a REAL Disappointment to me, because the Navigator (see textbook Preface) is supposed (among other things) to provide "a complete YEAR of search for full-text articles from the New York Times" and "Best of Web Link Library of peer-reviewed web sites." The last is described in the Preface as "thematically related articles from the NYTimes accompanied by critical-thinking questions." I was looking forward to these, because the NYTimes charges $$ by the article for archived (non-current) articles, and this can get expensive in a hurry, and an increasing number of other web sites, including industry association journals are now similarly archive and have paid access only.

So without being enrolled in a class that has an instructor who is using the course material software, you won't be able to access some of the BEST of the advertised materials of the MyEconLab add on.

They could have been clearer about WHAT exactly you would have had access to. They also could have said that the non-student registration is only good for 6 months, since the description of the NYTimes access for a full year (which you don't get at all) might reasonably lead one to infer that the registration is valid for a year.

And I fail to see why they couldn't throw in at least the Math review tutorial, since it wouldn't seem to involve any kind of outside contract or royalty such as the NYTimes access might.

37 of 39 people found the following review helpful:

4.0 out of 5 stars The best by far of slim pickings, January 17, 2004

By 

H. David Peirce "Zossima" (Houston, TX USA) - See all my reviews
(REAL NAME)   

This review is from: Economics of Money, Banking, and Financial Markets plus MyEconLab Student Access Kit , The, Seventh Edition (Hardcover)

I reviewed every Money and Banking text I could get my hands on before selecting Mishkin's text to use while I was an instructor at one of the top universities in the US. Mishkin's text was hands-down the best text. But there weren't a lot of alternatives to choose from. This text gets used in a lot of MBA programs.

The thing I liked most about this text was its comprehensiveness. Mishkin did a far better job than the other text of introducing stock options. And of course, he covered the banking (money multiplier, bnak loans, etc.) side comprehensively. Good job with exchange rates, too.

Weaknesses: Need more on the insurance industry, particularly with the biggest banks now firmly in that business. Need more on financial futures. And finally, I'd like to see a little more mathematical rigor. I supplemented the text in an undergrad class with some more mathematical articles from the economics literature.

8 of 8 people found the following review helpful:

5.0 out of 5 stars Good book for undergrads, April 5, 2005

By 

Y. Jing "blackie" (Chicago, IL USA) - See all my reviews
(REAL NAME)   

This review is from: Economics of Money, Banking, and Financial Markets plus MyEconLab Student Access Kit , The, Seventh Edition (Hardcover)

We used this book in our international finance class in univ of chicago. what i have is the 2nd edition but i have to admit this is a really comprehensive and clearly organized book, it is an ideal book for people who are interested in getting a general picture of money, banking and basic exchange rates. one drawback i can think of is the price.