Fundamentals of Modern Economics

Author: Wang Jian
Publisher:
Publish Date: 2002-06-01
Features: This book outlines the theoretical framework of modern economics and introduces the cutting-edge developments in the field. The entire book is divided into three parts and eighteen chapters.
Part I: Microeconomics
This part covers price theory, supply and demand theory, consumer behavior theory, production theory, and market structure theory. It also includes microeconomic regulation theory, which is often "ignored" in many economics textbooks. Adding microeconomic regulation theory not only makes the microeconomic theoretical system more complete but also helps us formulate microeconomic policies based on microeconomics.
Part II: Macroeconomics
This part discusses theories such as national income determination, economic cycles, economic growth, and inflation. It also introduces the new growth theory and strengthens the content of open economy theory, which helps us draw on these theories to develop macroeconomic policies to address economic globalization.
Part III: Schools of Thought
This part selects nine schools of thought from various economics schools, which have significant influence in Western economics and in shaping government economic policies. These schools reflect the evolution and forefront of modern economics, helping us understand the changes in economic theories and policies in developed market economies and formulate timely and effective economic policies.