Principles of Modern Western Economics - (4th Edition)

Author: Li Mou
Publisher:
Publish Date: 2004-12-01
Features: In the current economics academia of Western countries, New Keynesian economics and neoclassical economics hold dominant positions. To better reflect the ideas of New Keynesian economics and neoclassical economics, this book is now released in its fourth edition. The fourth edition retains the basic content of the third edition while making some modifications to its chapters. Chapters 1 to 13 cover microeconomics, chapters 14 to 26 cover macroeconomics, and chapters 27 to 30 cover international economics. The microeconomics section still includes a "Applications" section, introducing the application of Western economic principles in real life to better integrate theory with practice. Additionally, the fourth edition retains the "Commentaries" section for each principle, primarily introducing the formation process of Western economic principles and comparing them with Marxist economics to broaden readers' perspectives. The "Applications" and "Commentaries" sections are optional for teaching requirements.