Modern economics
著者
書誌事項
Modern economics
Harvester Wheatsheaf, 1992
2nd ed
- : pbk
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注記
Includes index
内容説明・目次
内容説明
Offers a detailed course in economics for A-level students. Beginning with an overview of the subject, it goes on to encompass economic growth, microeconomics, the consumer, market supply and demand curves, macroeconomics and more. There are multiple choice questions and exercises.
目次
- Part 1 Introduction: an overview - the problem, scarcity, specialization, co-ordination, markets, money, market failures, central planning bureau, monopoly and mergers commission, nationalized industries, cost benefit analysis, aggregate demand failures, international trade, international organizations, positive versus normative, experimentation, progress
- economic growth - the production possibility frontier, opportunity cost, renewable and non-renewable resources, population growth, investment, aid and trade, technological progress, the catch-up hypothesis. Part 2 Microeconomics: a closer look at production - factors of production, the production function, isoquants, isocost lines, diminishing returns, returns to scale, short run cost curves, long run cost curves, multiple choice questions
- the consumer - budget constraints, marginal utility, indifference curves, changes in income, changes in prices, income and substitution effects, demand curves, Giffen goods
- market supply and demand curves - market demand curves, market supply curves, the determination of prices, the working of the price mechanism
- types of market - monopoly, monopolistic competition, oligopoly, price leadership, cartels, discriminating monopolists, monopolies and mergers commission, nationalized industries, the social market
- cost-benefit analysis - market failures, politics and markets, social v commercial decisions, comparing utilities, timing costs and benefits, pareto optimality, Kaldor/Hicks compensation principle
- comparative systems and indicative planning - capitalist economies, command economies, mixed economy, indicative planning
- factor markets and rent - the demand for labour, the supply of labour, the labour market, the causes in the differing wages of labour, economic rent, the return to land, capital as a factor of production, the demand for capital
- income distribution and poverty - describing the distribution of income, changing the distribution of income. Part 3 Macroeconomics: national accounts - published accounts, the circular flow of income, measuring national income, comparing national accounts, the public sector, prices indexes
- money - what is money?, banks and credit creation, money supply, inflation, the demand for money
- the determination of national output - the Keynesian view of the determination of output, consumption, saving, equilibrium output in two sector model, the multiplier, government, an open economy, economic policy and the Keynesian model, the classical view, aggregate investment, the business cycle and the accelerator, aggregate demand and supply analysis
- the IS/LM diagram - the goods market - the IS curve, the money market - the LM curve, fiscal policy, monetary policy. Part contents.
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