Western Economics (Revised Edition)

Author: Wang Xiangchun
Publisher:
Publish Date: 2003-09-01
Features:
(Ⅰ) Introduction
1. Nature of Economics
1.1 Definition of Economics
1.2 Basic Economic Problems
1.3 Foundational Research Methods
2. Demand, Supply, and Price
2.1 Demand
2.2 Supply
2.3 Equilibrium Price
2.4 Impact of Supply and Demand Changes on Price
(Ⅱ) Microeconomics: Demand, Supply, and Product Price Determination
3. Utility
3.1 Definition and Measurement of Utility
3.2 Basic Assumptions of Utility
3.3 Indifference Curves
3.4 Utility Maximization
4. Consumer Behavior and Individual Demand
4.1 Consumer Demand Function
4.2 Impact of Income Changes on Demand
4.3 Impact of Price Changes on Demand
4.4 Individual Demand Curve
5. Market Demand
5.1 Market Demand Curve
5.2 Price Elasticity of Demand
5.3 Income Elasticity and Cross Elasticity of Demand
6. Production
6.1 Firm's Objectives and Production Function
6.2 Production Function with One Variable Input
6.3 Production Function with Two Variable Inputs in Different Proportions
6.4 Production Function with Two Variable Inputs in the Same Proportion
7. Cost
7.1 Optimal Combination of Production Factors
7.2 Basic Concepts of Cost Accounting
7.3 Short-Run Cost Function
7.4 Long-Run Cost Function
7.5 Shifts in Cost Curves
8. Price Determination in Perfect Competition
8.1 Market Structure
8.2 Very Short-Run Equilibrium Price
8.3 Short-Run Equilibrium Price
8.4 Long-Run Equilibrium Price
8.5 Market Adjustment
9. Price Determination in Monopoly
9.1 Causes of Monopoly
9.2 Price Determination under Monopoly
9.3 Consequences of Monopoly
9.4 Regulation of Monopoly
10. Price Determination in Oligopoly
10.1 Concept and Characteristics of Oligopoly
10.2 Price Determination in Oligopoly
10.3 Advertising and Resource Allocation
10.4 Industrial Organization Theory
(Ⅲ) Microeconomics: Determination of Factor Prices
11. Demand for Factors
11.1 Characteristics of Factor Demand
11.2 Economic Rent
11.3 Marginal Productivity Theory
11.4 Impact of Factor Price Changes
11.5 Impact of Price Changes on Factor Demand
11.6 Buyer Monopoly Factor Market
12. Price of Labor
12.1 Time Allocation
12.2 Labor Supply Curve
12.3 Other Factors in Wage Determination
13. Price of Capital
13.1 Rate of Return on Capital
13.2 Investment Theory
13.3 Price Determination of Exhaustible Resources
(Ⅳ) Microeconomics: General Equilibrium, Welfare Economics, and Government Role
14. General Equilibrium Analysis and Welfare Economics
14.1 General Equilibrium Analysis
14.2 Resource Allocation and Edgeworth Box
14.3 Conditions for Optimal Resource Allocation and Perfect Competition
14.4 Efficiency and Equality in Income Distribution
15. Externalities and Property Rights
15.1 Externalities
15.2 Traditional Solutions to Externalities
15.3 Property Rights Theory
16. Public Goods and Government Role
16.1 Public Goods
16.2 Demand and Supply of Public Goods
16.3 Government Intervention
(Ⅴ) Macroeconomics: Determination and Fluctuations of National Output
17. Overview of Macroeconomics
17.1 Macroeconomic Problems
17.2 Major Macroeconomic Variables
17.3 Aggregate Demand and Aggregate Supply
18. Concept and Measurement of National Output
18.1 National Income Accounting
18.2 From National Income to Disposable Income
18.3 Accounting Identities
18.4 National Income and Economic Welfare
19. Two Main Components of Aggregate Demand: Consumption and Investment
19.1 Consumption and Saving
19.2 National Consumption
19.3 Investment
20. Theory of National Output Determination
20.1 Classical and Keynesian Theories
20.2 Determination of National Output
20.3 Causes of National Output Changes
20.4 Multiplier
21. Fiscal Policy, International Trade, and National Output Determination
21.1 Fiscal Policy
21.2 Fiscal Policy and National Output Determination
21.3 Fiscal Policy Multiplier
21.4 Fiscal Policy Practice
21.5 Open Economy Multiplier
22. Aggregate Supply and National Output Determination
22.1 Short-Run Aggregate Supply and National Output Determination
22.2 Long-Run Aggregate Supply and National Output Determination
22.3 Supply-Side Economics
23. Business Cycle: Causes of National Output Fluctuations
23.1 Stages and Characteristics of the Business Cycle
23.2 Causes and Processes of the Business Cycle
(Ⅵ) Macroeconomics: Money, Banking, and Stabilization Policies
24. Money and Banking System
24.1 History of Money and Banking
24.2 Creation of Bank Deposits
25. Central Bank and Monetary Policy
25.1 Emergence and Functions of the Central Bank
25.2 Objectives and Tools of Monetary Policy
25.3 Transmission Mechanism of Monetary Policy
26. Money Demand and Monetarism
26.1 Money Demand
26.2 Impact of Money on National Income
26.3 Monetarism
27. Coordination of Fiscal-Monetary Policies
27.1 Fiscal Deficit and Coordination of Fiscal-Monetary Policies
27.2 Government Bonds and Monetary-Fiscal Policy
27.3 IS-LM Curve Analysis
(Ⅶ) Macroeconomics: Unemployment and Inflation
28. Unemployment
28.1 Impact and Measurement of Unemployment
28.2 Types and Causes of Unemployment
28.3 Natural Rate of Unemployment
28.4 Anti-Unemployment Policies
29. Inflation
29.1 Meaning and Impact of Inflation
29.2 Causes of Inflation
29.3 Phillips Curve
29.4 Inflation Control
(Ⅷ) Macroeconomics: Economic Growth and International Economics
30. Economic Growth
30.1 Economic Growth Models
30.2 Trends and Causes of Economic Growth
30.3 Debates on Economic Growth
31. International Trade Theory and Policy
31.1 International Trade Theory
31.2 Policies on International Trade
32. Exchange Rate and Balance of Payments
32.1 Exchange Rate
32.2 Balance of Payments Equilibrium
32.3 Comprehensive Analysis of IS-LM-BP Curve