Economics: Theory and Practice

Author: Chen Zhongchang, Pu Yanping, Editors
Publisher:
Publish Date: 2002-10-01
Features: This book comprehensively and concisely introduces the basic theories and policy practices of Western economics. The book consists of sixteen chapters. Chapters through Chapter 7 cover microeconomics, introducing theories related to supply and demand, consumption, firms, markets, distribution, general equilibrium and welfare economics, and microeconomic policies. Chapters 8 through 16 cover macroeconomics, introducing national income accounting, determination of national income in product markets, interest rates and national income determination in money markets, equilibrium between product and money markets, aggregate demand and aggregate supply analysis, inflation and unemployment, economic growth and business cycles, open economy models, and macroeconomic policies. The book strives to combine traditional theories with modern theories, qualitative analysis with quantitative analysis, and theoretical explanations with case studies. This book can serve as a textbook for economics, management, and finance majors in higher education institutions, and is also suitable for economics, MBA, MPA students, researchers, educators, and various management personnel for training and social readers.