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Contemporary Economics: Principles and Policy
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ISBN
:
9788131512043
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Publisher
:
South Western
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Subject
:
Business & Management
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Binding
:
Paperback
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Pages
:
770
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Year
:
2009
₹
465.0
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413.0
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Description
This text is well-known for using the Keynesian model in the teaching of economics; yet, in recent editions, the authors expanded coverage of the growth model considerably to achieve more balanced coverage. The text uses the aggregate supply/aggregate demand model as a fundamental tool for learning macroeconomics. It achieves the right level of rigor and detail, presenting complicated concepts in a relatively straightforward manner and using timely economic data. Using puzzles, issues, and well-developed examples, the authors provide a good balance of theory to application, allowing you to relate the materials to your everyday life. Key Feature There is expanded coverage on developing economies (China and India), as well as coverage on outsourcing The book provides analysis of human capital's impact on economic growth, including a discussion on minimum wage and household protection More developed discussion of consumer choice has been added, including expanded coverage on budget limitations and constraints when discussing consumer theory The authors include new material on banking, energy and the history of economics, as well as new analysis of the mortgage crisis of 2007 Table of Contents Part I: Getting Acquainted with Economics 1. What Is Economics? 2. The Economy: Myth and Reality 3. The Fundamental Economic Problem: Scarcity and Choice 4. Supply and Demand: An Initial Look
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