Contemporary Western Economics Principles (Fourth Edition)

Author: Ding Bing
Publisher:
Publish Date: 2004-07-01
Features: This textbook is designed for university teachers and students to learn contemporary Western economic theory. Based on long-term theoretical research and teaching practice, the author provides an in-depth yet accessible explanation of theories that have influenced or are currently impacting the economic development of Western capitalism. It describes the emergence, evolution, and the role of various economic doctrines in economic development, as well as their limitations. The book is divided into two parts. The first part covers microeconomics, introducing theories such as supply and demand theory, consumer theory, production theory, market theory, general equilibrium and Paretooptimality theory, and distribution theory. The second part covers macroeconomics, focusing on theories including national income analysis, employment theory and economic equilibrium, macroeconomic policy, inflation and unemployment, and economic fluctuations and growth. Target Audience: University teachers and students of economics and management, as well as theoretical researchers.