Essentials of Economics - (6th Edition)

Author: (USA) Gregory (Gregory, P.R.) Author, Liu Yuanchun, Peng Zhiwen Translator
Publisher:
Publish Date: 2006-10-01
Features: This book adopts a new structure, acknowledges the growing connection between microeconomics and macroeconomics, integrates traditional themes with modern theories, and provides a comprehensive explanation of the fundamentals of microeconomics and macroeconomic theory. In the macro domain, it synthesizes modern aggregate supply and demand analysis, expectation theory, contracts, and the natural rate hypothesis, analyzing different views on short-term and long-term aggregate supply. In the microfoundations domain, it covers unemployment, consumption, investment, and interest rate theory, including the latest topics in economics: information theory, network externalities, Nash equilibrium, peak-load pricing, life-cycle consumption, moral hazard, investment bubbles, and modern industrial organization, while also providing a comprehensive review of traditional microeconomics. In terms of content presentation, it emphasizes clarity and conciseness. For theoretical concepts, the book explains them in plain language with charts and diagrams, and lists key terms and concepts separately. In the connection between theory and reality, the book provides numerous vivid examples and data, helping readers not only understand but also apply economic theory to explain real-world economic events. Target Audience: Faculty and students of relevant disciplines in higher education institutions, as well as senior management personnel in enterprises and institutions.