Economics
Lipsey, Richard
Economics - 12th - India Oxford University Press 2014 - xix, 677 p.
Table of contents
Microeconomics
Part 1: Markets and Consumers
Economic issues and concepts
Demand and supply
Elasticity of demand and supply
Consumer choice: indifference theory
The cost structure of firms
Perfect competition
Monopoly
Imperfect competition
Part 3: Markets for inputs
Demand and supply of inputs
The labour market
Capital, investment, and new technology
Economics of risk and financial crises
Part 4: Government and the market
Successes and failures of markets
The role of government
Macroeconomics
Part 5: Macroeconomics: issues and framework
Macroeconomic issues and measurement
A basic model of the determination of GDP in the short term
GDP in an open economy with government
Money and monetary institutions
Money, interest rates and GDP: the LM curve
Investment, interest rates and GDP: the IS-LM Model
GDP and the price level: aggregate demand and aggregate supply
The determination of GDP with steady inflation
Part 6: Macroeconomics of the global economy
The business cycle, unemployment and inflation
Exchange rates and the balance of payments
Fiscal and monetary policies
Economic growth and sustainability
International trade
Description
Major attention given to the decoupling of the price level and the inflation rate from variations in GDP and unemployment that occurred when the policy of inflation targeting was successfully adopted in the 1990s by many of the major developed countries, a decoupling that is rare in the macro theory and in macro text books. Comprehensive coverage of the financial crisis and subsequent changes to the global economic landscape allows students to apply the economics they are learning to important contemporary issues. The authors provide a consistent theoretical framework and relate it to a wide range of applied material making clear the relevance of the subject to the real world of business and policy. New and updated global case studies give a broad, international perspective on economics and encourage readers to develop and contextualise their understanding of core themes. Problem solving and numerical questions encourage readers to develop analytical skills.
9780199642595
Economics
330 / LIP
Economics - 12th - India Oxford University Press 2014 - xix, 677 p.
Table of contents
Microeconomics
Part 1: Markets and Consumers
Economic issues and concepts
Demand and supply
Elasticity of demand and supply
Consumer choice: indifference theory
The cost structure of firms
Perfect competition
Monopoly
Imperfect competition
Part 3: Markets for inputs
Demand and supply of inputs
The labour market
Capital, investment, and new technology
Economics of risk and financial crises
Part 4: Government and the market
Successes and failures of markets
The role of government
Macroeconomics
Part 5: Macroeconomics: issues and framework
Macroeconomic issues and measurement
A basic model of the determination of GDP in the short term
GDP in an open economy with government
Money and monetary institutions
Money, interest rates and GDP: the LM curve
Investment, interest rates and GDP: the IS-LM Model
GDP and the price level: aggregate demand and aggregate supply
The determination of GDP with steady inflation
Part 6: Macroeconomics of the global economy
The business cycle, unemployment and inflation
Exchange rates and the balance of payments
Fiscal and monetary policies
Economic growth and sustainability
International trade
Description
Major attention given to the decoupling of the price level and the inflation rate from variations in GDP and unemployment that occurred when the policy of inflation targeting was successfully adopted in the 1990s by many of the major developed countries, a decoupling that is rare in the macro theory and in macro text books. Comprehensive coverage of the financial crisis and subsequent changes to the global economic landscape allows students to apply the economics they are learning to important contemporary issues. The authors provide a consistent theoretical framework and relate it to a wide range of applied material making clear the relevance of the subject to the real world of business and policy. New and updated global case studies give a broad, international perspective on economics and encourage readers to develop and contextualise their understanding of core themes. Problem solving and numerical questions encourage readers to develop analytical skills.
9780199642595
Economics
330 / LIP