Description
Book SynopsisPrinciples of Economics, 2nd Australian edition, is an adaptation of an original work by internationally renowned economists Joseph Stiglitz and Carl Walsh.
Table of ContentsAbout the authors xii
Applications at a glance xvi
How to use this book xviii
Preface xxi
Acknowledgements xxii
Chapter 1 Modern economics and thinking like an economist 1
Chapter 2 Demand and supply 37
Chapter 3 Elasticity 59
Chapter 4 Consuming and producing 81
Chapter 5 The competitive firm 131
Chapter 6 The efficiency of competitive markets 153
Chapter 7 Monopoly, monopolistic competition and oligopoly 177
Chapter 8 Government policies towards competition 211
Chapter 9 Externalities, public goods and the public sector 231
Chapter 10 Gross domestic product 259
Chapter 11 Unemployment, inflation and the consumer price index 279
Chapter 12 Introduction to business cycles 301
Chapter 13 Aggregate demand and inflation 339
Chapter 14 The Reserve Bank and interest rates 369
Chapter 15 Stabilisation policies 385
Chapter 16 Inflation and unemployment 415
Chapter 17 International economics: an introduction 437
Chapter 18 The international financial system 461
Glossary 483
Index 493
