An Introduction to Modern Economics5th Edition
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This comprehensive introduction to economic principles covers all of the major topics in an introductory micro and macro principles course. Although the book prides itself on its concise approach, it maintains an appropriate degree of economic rigour, enabling students of all ability levels to develop a full understanding of the issues being discussed.The text is a concise text covering the principles of economics. It is highly accessible, and the clear exposition allows students to focus on the essentials of the economic argument.
The economic theory here is presented both graphically and, where appropriate, mathematically to ensure that students of all ability levels are able to develop a full understanding of the issues being discussed.
The book is policy oriented, and it introduces welfare economics early on to allow a sophisticated discussion of a wide range of policy issues so that students understand real world implications of economic theory.
4.The Nature and Scope of Economics
6.Demand and Supply
8.Utility and Demand
10.Equilibrium and Disequilibrium
11.General Equilibrium and Welfare
13.Introduction to Welfare Economics
14.Private Sector Firms
15.Theory of the Firm - I
16.Theory of the Firm - II
17.The Public Sector
18.Introducing the Public Sector
19.Public Goods and Externalities
21.Financing the Public Sector
22.Issues of Public Policy
23.Theory of Distribution
24.The Determination of Wages
25.Rewards to Factors of Production
26.Introduction to the Economy as a Whole
29.National Income and Employment
30.Comsumption and Investment
31.Money - I
32.Money - II
33.Money and National Income
34.The Economics of Cycles of Growth
36.Economic Growth and Development
41.The Balance of Payments
42.Intenational Trade and Policy
43.The European Union
Questions and Answers
- Mathematical appendices.
- Learning objectives and summaries for each chapter.
- Definitions of key concepts.
- Chapter on environmental economics.
- Coverage of the transition to market economies in central and eastern Europe.
- Discussion of open economy macroeconomic policy.