Economics

by PaulWonnacott (Author), RonaldJ.Wonnacott (Author)

• Used

  Hardcover
  1990

  $35.00

  The Fourth Edition covers the fundamentals of macro- and microeconomics, but has been reorganized to emphasize the policy implications of these principles. The authors have incorporated a global economics theme, with special sections on international issues interspersed throughout. The careful inclusion of applications and examples have been retained. Includes many tables, graphs and charts, and exercises that reinforce the material covered.

• Used

  Paperback
  1994

  $3.41

  This comprehensive introduction to economics balances theory and empirical reality. In microeconomics, the text includes a description of the basic market structure, the organization of the firm and an analysis of the factors of production (labour, capital and land). An extended section on welfare economics examines the issue of efficiency and equity in the market economy. The analysis of macroeconomics begins with national income accounting and explores the concepts of aggregate demand and aggregate supply. Demand management and supply side economics are introduced. A final part of the text studies international trade and finance, the economics of the EC and the issue of low-income countries. The new chapters in this edition include an analysis of neo-classical theories of growth, the convergence hypothesis, the endogenous growth theory, a discussion of real business cycle theories and their policy implications, the real wage puzzle, and the existence of an international business cycle.