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Economics: An Analytical Introduction
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ISBN
:
9780199231300
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Publisher
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Oxford University Press
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Subject
:
Business & Management
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Binding
:
Paperback
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Pages
:
554
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Year
:
2006
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565.0
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468.0
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Description
Witztum's text is a robust and challenging introduction to the key principles of economics. It delivers a comprehensive and focused view of the logical core of economic analysis. Presented in a clear and accessible form, the content is nonetheless sufficiently developed to take students beyond mere fundamentals, teaching them to apply economic theories and models to recognisable, real life examples. The book is therefore able to prepare students for further study of economics rather than to simply acquaint them with basic concepts. The numerous exercises, questions and model answers are designed to help students better understand the relationship between models and reality. Its pure and clean, no nonsense approach quickly takes the reader to this point of understanding. Key Features Clear, no nonsense introduction to the fundamental principles of economics. Rigorous explanation of the logic of economic analysis, to equip students for further study of economics. Designed to teach students to apply these principles to real life examples. Highly developed exercises and questions throughout the book help students to grasp difficult concepts.
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Author Biography
Amos Witztum Senior Lecturer in Economics, London Metropolitan University Table of Contents Introduction Part One The Individual’s behaviour Production and the behaviour of the firm Market structuresThe market for factors General equilibrium and welfare economics Market failures: natural monopoly, externalities, and public goods Part Two Aggregation and the macroeconomic problem The determinants of output The goods market in the closed economy Money and banking General equilibrium, employment, and government policy Prices, inflation, and unemployment The open economy Technical Notes Epilogue Index
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