Economics
McGraw-Hill Publishing Co. (Verlag)
978-0-07-707831-7 (ISBN)
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This comprehensive introduction to economics balances theory and empirical reality. In microeconomics, the text includes a description of the basic market structure, the organization of the firm and an analysis of the factors of production (labour, capital and land). An extended section on welfare economics examines the issue of efficiency and equity in the market economy. The analysis of macroeconomics begins with national income accounting and explores the concepts of aggregate demand and aggregate supply. Demand management and supply side economics are introduced. A final part of the text studies international trade and finance, the economics of the EC and the issue of low-income countries. The new chapters in this edition include an analysis of neo-classical theories of growth, the convergence hypothesis, the endogenous growth theory, a discussion of real business cycle theories and their policy implications, the real wage puzzle, and the existence of an international business cycle.
Economics and the economy; the tools of economic analysis; demand, supply, and the market; government in the mixed economy; the effect of price and income on demand quantities; the theory of consumer choice; business organization and behaviour; developing the theory of supply - costs and production; perfect competition and pure monopoly - the limiting cases of market structure; market structure and imperfect competition; the analysis of factor market - labour; human capital, discrimination, and trade unions; capital and land - completing the analysis of factor markets; coping with risk in economic life; introduction to welfare economics; taxes and public spending - the government and resource allocation; competition policy and industrial policy; nationalization and privatization; general equilibrium and welfare economics; macroeconomics; the determination of national income; aggregate demand, fiscal policy and foreign trade; money and modern banking; central banking and the monetary system; monetary and fiscal policy in a closed economy; aggregate supply, the price level and the speed of adjustment; unemployment; inflation; open economy macroeconomics; economic growth; the business cycle; macroeconomics - where do we stand?; international trade and commercial policy; the international monetary system and international finance; European integration in the 1990s; problems of developing countries in the world economy.
| Zusatzinfo | supplements |
|---|---|
| Verlagsort | London |
| Sprache | englisch |
| Maße | 189 x 246 mm |
| Gewicht | 230 g |
| Themenwelt | Wirtschaft ► Allgemeines / Lexika |
| Wirtschaft ► Volkswirtschaftslehre ► Makroökonomie | |
| ISBN-10 | 0-07-707831-4 / 0077078314 |
| ISBN-13 | 978-0-07-707831-7 / 9780077078317 |
| Zustand | Neuware |
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