An Introduction to Modern Economics

by Hardwick, Philip; Khan, Bahadur; Langmead, John

• ISBN13: 9780582357150
• ISBN10: 0582357152
• Edition: 5th
• Format: Paperback
• Copyright: 1999-04-01
• Publisher: Longman Pub Group

Summary

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.

Table of Contents

The nature and scope of Economics

Production

Demand

Utility and demand

Supply

Equilibrium anddisequilibrium

Resource allocation

Introduction to welfare economics

Theory of the firm 1 & 2

Ntroducing the public sector

Public goods and externalities

Environmental economics

Financing the public sector

Issues of public policy

The determination of wages

Rewards to factors of production

Introducing macroeconomics

National income and employment

Consumption and investment

Money 1&2

Money and national income

Cyclical fluctuations

Economic growth and development

Macroeconomic policies

Unemployment

Inflation

The balance of payments and exchange rates

International trade and policy

The European Community

Economic Inequality

Questions and Answers

Contributions from selected Economists to mainstream economic theory

Table of Contents provided by Publisher. All Rights Reserved.