Western Economics

Author: Liu Xianghuang
Publisher:
Publish Date: 2004-01-01
Features: As a teaching material for universities in the 21st century in the fields of economics and management, and as a 21st-century curriculum textbook for higher education in Hunan Province, this book features a well-structured chapter arrangement, clear exposition of fundamental theories, in-depth yet accessible explanations, ease of teaching and learning, convenience for understanding and reflection, and broad applicability. It is suitable not only as a textbook for undergraduate students in economics and management but also as a training and continuing education resource for graduate students and working professionals in these fields. For self-learners, this book is also an excellent choice. The book is divided into two parts with a total of 22 chapters, comprehensively and systematically introducing the fundamental theories and recent developments in Western microeconomics and macroeconomics.
Part 1, Microeconomics, systematically introduces and analyzes theories such as the theory of equilibrium price, elasticity theory, consumer behavior theory, production theory, cost theory, market theory, the theory of factor prices and income distribution, general equilibrium theory, welfare economics, microeconomic policies, and information economics.
Part 2, Macroeconomics, systematically analyzes and introduces theories including national income accounting theories and methods, theories of national income determination, the theory of money market equilibrium, macroeconomic policies, macroeconomics under open economic conditions, theories of unemployment and inflation, economic growth theory, business cycle theory, and recent developments in contemporary Western macroeconomics.