Description
Book SynopsisMichael Parkin is Professor Emeritus of the University of Western Ontario. His books are used by over a million students across the world.
Melanie Powell is Senior Lecturer in Economics and Postgraduate Course Director at Derby University Business School.
Kent Matthews is Sir Julian Hodge Professor of Banking and Finance at the Cardiff Business School, Cardiff University, and Professor in Banking at Nottingham University Business School, University of Nottingham Ningbo China.
Table of ContentsPart 1: The Scope of Economics
- What Is Economics?
- The Economic Problem
Part 2: How Markets Work
- Demand and Supply
- Elasticity
- Efficiency and Equity
- Government Actions in Markets
- Global Markets in Action
Part 3: Households, Firms and Markets
- Households' Choices
- Organising Production
- Output and Costs
- Perfect Competition
- Monopoly
- Monopolistic Competition
- Oligopoly
Part 4: Coping with Market Failure
- Public Choices and Public Goods
- Economics of the Environment
Part 5: Factor Markets, Inequality and Uncertainty
- Markets for Factors of Production
- Economic Inequality and Redistribution
- Uncertainty and Information
Part 6: Monitoring Macroeconomic Performance
- Measuring GDP and Economic Growth
- Monitoring Jobs and Inflation
Part 7: Macroeconomic Trends
- Economic Growth
- Finance, Saving and Investment
- Money, the Price Level and Inflation
- International Finance
Part 8: Macroeconomic Fluctuations
- Aggregate Supply and Aggregate Demand
- Expenditure Multipliers
- The Business Cycle, Inflation and Deflation
Part 9: Macroeconomic Policy
- Fiscal Policy
- Monetary Policy
Glossary Index Publisher's Acknowledgements
