First Principles of Economics

Передня обкладинка
Oxford University Press, 1992 - 532 стор.
First Principles of Economics is an introduction to economics by Richard Lipsey, the world renowned author of An Introduction to Positive Economics, and by Professor Colin Harbury, Emeritus Professor of Economics at City University. London. First Principles of Economics has the needs and abilities of A-level candidates continually in mind. Throughout the book priority is given to providing thoroughly understandable explanations of basic economic principles. Anything that might confuse or mislead is covered slowly and helpfully with the aid of clear diagrams, so that the student can understand exactly what each economic concept does and does not involve. First Principles of Economics is also suitable for those preparing for the economics examinations of the major professional bodies, and for first year undergraduates without A-level economics.
 

Зміст

Basic Questions and Answers
14
How Economists Work
26
ELEMENTARY MICROECONOMICS
35
Demand Income and Other Determinants
46
Supply 55
55
Elasticity of Demand and Supply
62
Market Price Determination
72
Market Efficiency and Market Failure
81
Equilibrium National Income
283
Changes in National Income
291
Government and the Circular Flow
300
Income Fluctuations and Fiscal Policy
310
The Balance of Payments and National Income
322
Money and the Price Level
334
Banks and the Supply of Money
347
INTERMEDIATE ECONOMICS
353

How to Use Supply and Demand Analysis
94
INTERMEDIATE MICROECONOMICS
109
Business Decisions
125
The Productivity of Factors of Production
134
Costs of Production
142
The ProfitMaximizing Firm and Perfect Competition
152
Monopoly
161
Imperfect Competition
172
Competitive Factors Markets
185
Labour and Capital
196
International Trade
208
Government and Microeconomic Policy
223
ELEMENTARY MACROECONOMICS
239
The Circular Flow and National Income Accounting
254
Consumption and Investment
269
Money Interest and National Income
364
The Bank of England and Monetary Policy
372
Aggregate Demand and Aggregate Supply
388
Economic Growth and Development
399
Employment and Unemployment
420
Inflation
430
Macroeconomic Policy in a Closed Economy
441
Exchange Rates
460
ExchangeRate Regimes
471
Macroeconomic Policy in an Open Economy
480
Macroeconomic Controversies
496
Graphs in Economics
504
The Derivation of Elasticity of Demand at a Point on a Demand Curve
511
Answers to EndofChapter Questions
517
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