A Study in the Theory of Inflation
This book, originally published in 1951, is a theoretical study inspired by some central economic problems which have appeared during and after the Second World War in many countries, including Scandinavia. It develops a monetary theory for repressed inflation, gives a number of definitions and concepts and explains the connection between the concepts. The investigation of the problems of repressed inflatin also serve as an introduction to the study of open inflation.
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Examples of current events from Australia and New Zealand help explain how discussions on the role of the government can affect the economy. Microeconomics Principles and Practice is concerned with concepts and understanding, which sets it apart from competitor texts.
Retaining the student-friendly approach of previous editions, Introduction to Econometrics, Fourth Edition, uses clear and simple mathematics notation and step-by step explanations of mathematical proofs to help students thoroughly grasp the subject. Extensive practical exercises throughout–including fifty exercises on the same dataset–build students’ confidence and provide them with hands-on practice in applying techniques.
NEW TO THE FOURTH EDITION:
* An expanded review section at the beginning of the book offers a more comprehensive guide to all of the statistical concepts needed to study econometrics
* Additional exercises provide students with even more opportunities to put theory into practice
* More Monte Carlo simulations help students use visualization to understand the math
* New final sections at the end of each chapter contain summaries and non-technical introductions to more advanced topics
An updated and expanded Companion Website contains resources for students and instructors:
* Data sets
* Gretl, a free econometrics software application
* PowerPoint-based slides with explanations
* A study guide
* Instructor manuals for the text and data sets that detail the exercises and their solutions
* PowerPoint-based slides
* A “Contact the Author” link
In line with changes to the Economics syllabus whereby Microeconomics and Macroeconomics are currently taught as separate subjects, the topics in the book relevant to these two areas have been clearly demarcated. Also, to reflect the wider coverage of each topic in the new syllabus, the existing contents have been revised.
Part 1 Microeconomics
- Chapter 1. Introduction to Economics
- Chapter 2. Theories of Demand and Supply
- Chapter 3. Market Equilibrum
- Chapter 4. Consumer Behaviour
- Chapter 5. Elasticity of Demand and Supply
- Chapter 6. Theory of Production and Production Costs
- Chapter 7. Market Structures
Part 2 Macroeconomics
- Chapter 8. Introduction to Macroeconimcs*
- Chapter 9. National Income Accounting
- Chapter 10. National Income Equilibrium
- Chapter 11. Economic Functions and Government Policy*
- Chapter 12. Money and Banking
- Chapter 13. Macroeconomic Problem (Business Cycle, Unemployment and Inflation)
- Chapter 14. International Trade*
- Chapter 15. International Finance*
This international edition presents all the standard topics of traditional microeconomic theory while offering a modern approach that reflects the many recent developments in the field.It offers a balance of traditional microeconomic topics while addressing contemporary issues and concerns.