Western Economics

Author: Guo Yadan
Publisher:
Publish Date: 2005-05-01
Features: This book is a teaching material for the "Tenth Five-Year Plan" of the Ministry of Finance, serving as a textbook for finance and economics majors in higher education institutions across the country. The book is divided into two parts: Microeconomics and Macroeconomics.
Microeconomics consists of ten chapters, including demand, supply, and market equilibrium price, consumer behavior theory, production theory, cost theory, firm equilibrium under perfect competition, firm equilibrium under imperfect competition, the determination of factor prices and income distribution, incomplete information and market failure, welfare economics theory, and microeconomic policies.
Macroeconomics comprises nine chapters, covering national income and accounting, the determination of consumption, investment, and equilibrium national income, the demand and supply of money, the general equilibrium of the product and money markets, aggregate demand and aggregate supply, macroeconomic policy analysis, macroeconomic analysis under open economy conditions, unemployment and inflation, and economic growth and business cycles.
Target Audience: Students and faculty in finance and economics at higher education institutions, in-service graduate students, and individuals engaged in research on Western economics.