Introduction to Economics
6th Edition
Published on 20. May 2014
478 pages
978-1-4831-0276-4 (ISBN)
Description
Introduction to Economics, Sixth Edition gives a general and nonmathematical introductory approach to the field of economics. The monograph also updates the reader with economic issues over the years and modern economic analysis. The book is divided into seven parts. Part I includes basic topics such as the aim and purpose of economics; production, consumption, and trade; and the factors of production. Part II discusses industrial organization; growth, transformation, and development; localization of industry; and large-scale production. Part III tackles the dynamics of supply and demand, while Part IV talks about the distribution of income, wages, interest, and profit. Part V deals with the national income; expenditure, production, and income in a closed economy; and inflation. Part VI discusses international trade and finance, and Part VII covers the establishment of economic policies and its inherent problems. The text is recommended for economics students who need a good foundation of different principles and concepts in economics as well as their real-world applications.
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Content
ContentsList of Figures List of Tables Part I-Introductory 1 What Economics is About 2 Production, Consumption and Trade 3 The Factors of Production Part II - Industrial Organization 4 Growth, Transformation and Development 5 Localization of Industry 6 Large-Scale Production 7 Small-Scale Production 8 The Finance of Large-Scale Production 9 The Growth of Business Units Part III - Supply and Demand 10 The Price Mechanism 11 Supply and Demand 12 Demand 13 Supply: Cost and Price 14 Monopoly and Competition 15 Supply: Cost in Relation to Output and Time 16 Interrelationships of Supply and Demand 17 Social Aspects of Pricing Part IV - The Distribution of Income 18 The Distribution of Income 19 Wages 20 Interest and Profit Part V - Income, Employment and Money 21 The National Income 22 Fluctuations in the National Income: Unemployment and the Trade Cycle 23 Inflation 24 The Demand for Money 25 The Supply of Money 26 British Financial Institutions Part VI - International Trade and Finance 27 International Trade 28 The Balance of Payments 29 The Mechanism of International Adjustment Part VII - Economic Policy 30 The Role of Government 31 Some Problems of Economic Policy Appendix Sources of British Economic Statistics Index
