Economics
15th Edition
Published on 10. June 1996
Book
Paperback/Softback
384 pages
978-0-7506-2678-1 (ISBN)
Description
This text provides a wide-ranging introduction to the study of economics. It covers all the basic aspects of the economic organization of free-enterprise societies, with special reference to Great Britain's position in the European Union. It also explains the production, distribution and exchange of goods and services both within a country and internationally.
More details
Series
Edition
15th Revised edition
Language
English
Place of publication
Oxford
United Kingdom
Publishing group
Taylor & Francis Ltd
Target group
College/higher education
Adult education
Edition type
Revised edition
Illustrations
Illustrated
Dimensions
Height: 246 mm
Width: 189 mm
Weight
330 gr
ISBN-13
978-0-7506-2678-1 (9780750626781)
Copyright in bibliographic data is held by Nielsen Book Services Limited or its licensors: all rights reserved.
Schweitzer Classification
Content
Part 1 Introduction - the basics. Part 2 Production: basic ideas; the factors of production; types of business unit; scale of production; location of Production. Part 3 The theory of price determination: basic ideas of demand; basic ideas of supply; how price is decided in perfect markets; elasticity of demand and supply; competitive markets - the institutions where price is decided; monopoly, oligopoly and monopolistic competition; more complex aspects of demand and supply. Part 4 Exchanging the fruits of production: exchange and money; the distribution of wealth - rewards to factors; rent; wages; interest; profit - the reward for bearing uncertainty; financial institutions. Part 5 The theory of international trade: international trade; balance of payments; exchange rate mechanism; free-trade areas. Part 6 Macroeconomics: introduction to macroeconomics; national income; development of economic theory; money, monetary policy and monetarism; public finance; the future of economics.