Economics: From Theory to Practice

Author: Zhang Shuyun / Xu Yi (editors)
Publisher:
Publish Date: 2004-09-01
Features: This book employs numerous economics cases that occur in our daily lives to explain the principles of economics in an accessible manner. It covers topics such as supply and demand theory, utility theory, production and cost theory, firm theory, distribution theory, general equilibrium and welfare theory, market failures and macroeconomic policies, national income accounting, the determination and regulation of national income, theories of unemployment and inflation, fiscal and monetary policies, economic cycles and economic growth, open economies and foreign economic policies, etc. This book can serve as supplementary teaching material for students of economics in open education at the Central Radio & TV University and ordinary universities, as well as the main textbook for non-economics and business management students who choose to take Western or market economics courses. Due to its easy-to-understand style, it caters to a broad readership and can also be used as a reference for professionals in their actual work. Additionally, it bridges the gap between economic theory and real-life practices for those interested in economics.