Fundamentals of Western Economics (Second Edition) (Second Edition)

Author: Liang Xiaomin
Publisher:
Publish Date: 2003-01-01
Features: Based on the author's extensive experience and achievements in teaching and researching Western economics, this book "Fundamentals of Western Economics" adopts a micro-first, then macro approach to explain the basic theories, main contents, and methods of Western economics in an accessible manner. The author, drawing on years of experience in teaching and researching Western economics, has written this book using a micro-first, then macro approach, introducing the basic theories, main contents, and methods of Western economics in a clear and concise way. It covers topics such as the theory of equilibrium price, consumer behavior theory, production theory, firm theory, distribution theory, and the theory of national income determination. It also introduces and analyzes phenomena such as unemployment and inflation coexisting in Western societies, economic growth, economic cycles and fluctuations, macroeconomic policies, and the balance of national income under open economic conditions. The author provides a fair critique and scientific evaluation of Western economic theories, which is beneficial for young readers in China to understand and assess the basic state of Western economics.