Basic Economics

Author: Wu Hanhong
Publisher:
Publish Date: 2005-06-01
Features: Why do some people take buses while others drive their own cars? Why does the television industry experience continuous price wars? Why do some businesses go bankrupt while others remain profitable? Why does a country have such a high unemployment rate? Why are some countries so poor? Why is it easy to find a job in some years but difficult in others? Why does a country lower its deposit interest rates? Economics will answer all these questions. Everyone thinks about economic issues, but economists approach these issues in a unique way. This book introduces the methods economists use to think about these problems and how individuals, businesses, and governments make choices under the condition of scarce resources. It presents the basic theories of Western economics—both macroeconomics and microeconomics—in a concise manner, making it suitable as an introductory textbook for self-study in economics or as a foundational training material. The book introduces the fundamental concepts, principles, and methods of economics in a step-by-step, easy-to-understand way, selecting problems frequently encountered in daily life and analyzing and explaining them from an economic perspective. It is an excellent textbook.