Basic Economics Tutorial (Economics Series)

Author: Wu Balin Yin Bocheng
Publisher:
Publish Date: 2001-09-18
Features: Jointly developed and launched by eight doctoral supervisors from the School of Economics at Fudan University, this book is a completely new economics textbook, differing from traditional political economy and popular Western economics in both content and system. The book starts from the foundation of economics—the scarcity of resources—to discuss resource allocation and its mechanisms, consumer behavior theory, costs and revenues, corporate systems and objectives, economic game theory and information economics, market failures, income distribution rules in a market economy, the formation and regulation of wealth disparities, the operation of money, banks, and financial markets, unemployment, inflation, and monetary tightening in macroeconomic performance, as well as the government's fiscal and monetary policies for regulating the economy. It also covers basic knowledge of international trade, international investment, and international finance in an open economy, initial explorations into sustainable economic development, the relationship between the new economy and new institutionalism, and the new contradictions brought by the new economy. Additionally, it provides an outlook on the trends and prospects of socio-economic development. In summary, this textbook combines institutional analysis with knowledge of economic operations; explores both microeconomic behavior and macroeconomic patterns; particularly elaborates on Jiang Zemin's "Three Represents" theory; includes both static and dynamic economic descriptions; and incorporates both empirical and normative analysis. The content is concise, easy to understand, and engaging, with strong readability, making it suitable as a textbook for universities and colleges, as well as for reference by young students and economic professionals.