Basic Economics Tutorial (Second Edition)

Author: Wu Balin, Yin Bocheng
Publisher:
Publish Date: 2002-03-01
Features: This book is a completely new economics textbook that differs from traditional political economy and popular Western economics in both content and system. The book starts with the foundation of economics—the scarcity of resources—and discusses 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 and poverty differences, the operation of money, banks, and financial markets, unemployment, inflation, and monetary contraction in macroeconomic operations, as well as fiscal and monetary policies for government economic regulation. It also covers basic knowledge of international trade, international investment, and international finance in open economies, initial explorations into sustainable economic development, the relationship between the new economy and new institutionalism, and the new conflicts brought by the new economy. Additionally, it provides an outlook on the trends and prospects of socio-economic development. The book is concise, easy to understand, and written in a lively and fluent style, making it highly readable. It can be grasped by individuals with a high school education or higher. It is suitable as a textbook for universities and colleges, as well as for reference by young students and economic professionals.