TY - BOOK AU - Lipsey, Richard AU - Chrystal, Alec TI - Economics SN - 9780199642595 U1 - 330 PY - 2014/// CY - India PB - Oxford University Press KW - Economics N1 - 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 N2 - 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 ER -