Economics : global and Southern African perspectives
Title:
Economics : global and Southern African perspectives
Author:
Parkin, Michael, 1939-
ISBN:
9781485709176
Publication Information:
Cape Town : Pearson Education South Africa, 2019.
Physical Description:
xx, 770 pages : illustrations ; 24 cm
General Note:
Originally published by Pearson Education as Economics, 8th ed. by Michael Parkin, 2008.
Includes index.
Contents:
Pt. 1. Introduction. What is economics? -- The economic problem -- pt. 2. How markets work. Demand and supply -- Elasticity -- Markets in action -- pt 3. Households' choices. Utility and demand -- Possibilities, preferences, and choices -- pt. 4. Firms and markets. Organising production -- Output and costs -- Perfect competition -- Monopoly -- Monopolistic competition and oligopoly -- pt. 5. Market failure and government. Externalities -- Public goods and common resources -- pt. 6. Factor markets, inequality, and uncertainty. Markets for factors of production -- Economic inequality -- pt. 7. A first look at macroeconomics -- Measuring GDP and economic growth -- Monitoring jobs and the price level -- pt. 8. The economy in the long run. At full employment: the classical model -- Money, the price level, and inflation -- The exchange rate and the balance of payments -- pt. 9. The economy in the short run. Aggregate supply and aggregate demand -- Expenditure multipliers: the Keynesian model -- pt. 10. Macroeconomic policy. Fiscal policy -- Monetary policy -- pt. 11. The global economy. Trading with the world.
Abstract:
This book "combines the expertise and international perspective of best-selling Economics author, Michael Parkin, with the knowledge and understanding of local Southern African academics ... [it] is an ideal introduction to micro and macroeconomics and brings you all the core principles and tools of economic science against the background of a wide range of contemporary local and international problems and issues."--Cover.
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