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Economics By David Begg


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This edition aims to teach students how economics really works in the world. Its approach to modern macroeconomics reflects the shifts in monetary and fiscal policy in the UK, Europe and beyond.
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Economics Summary

Economics by David Begg

The new seventh edition aims to teach students how economics really works in the world today. Maintaining its popular clear and unpretentious style, the new edition engages with the latest theoretical developments in economics. Its fresh new approach to modern macroeconomics reflects the latest shifts in monetary and fiscal policy in the UK, Europe and beyond.This authoritative textbook challenges the student to apply up-to-date economic theory to the real world, marrying authoritative insight with thought-provoking new boxes, current examples and stimulating questions, making economics relevant, exciting and accessible.

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About David Begg

David Begg is Principal of the Tanaka Business School at Imperial College London. He has been a Research Fellow of the Centre for Economic Policy Research (a network of leading European economists) since its inception in 1984. David's research focuses mainly on monetary policy, exchange rates, monetary union, and economic transition. He is a Research Fellow of the Centre for Economic Policy Research. He co-authored several of the CEPR annual reports in the series he helped found: Monitoring the European Central Bank, and Monitoring European Integration. The 1997 MEI Report, EMU: Getting the Endgame Right, changed the policy that the European Union adopted to launch the euro in 1999. He was also founding Managing Editor of Economic Policy, now an official journal of the European Economic Association.

Table of Contents

Part One: Introduction

1. Economics and the economy
2. Tools of economic analysis
3. Demand, supply, and the market

Part Two: Positive Microeconomics

4. Elasticities of demand and supply
5. Consumer choice and demand decisions
6. Introducing supply decisions
7. Costs and supply
8. Perfect competition and pure monopoly
9. Market structure and imperfect competition
10. The labour market
11. Different types of labour
12. Factor markets and income distribution
13. Risk and information
14. The information economy

Part Three: Welfare Economics

15. Welfare economics
16. Government spending and revenue
17. Industrial policy and competition policy
18. Natural monopoly: public or private?

Part Four: Macroeconomics

19: Intro to macroeconomics
20: Output and aggregate demand
21: Fiscal policy and foreign trade
22. Money and Banking
23. Interest rates and monetary transmission
24. Monetary and fiscal policy
25. Aggregate supply, prices and adjustment to shocks
26. Inflation, expectations, and credibility
27. Unemployment
28. Exchange rates and the balance of payments
29: Open economy macroeconomics
30. Economic Growth
31. Business cycles
32. Macroeconomics: taking stock

Part Five: The World Economy

33: International trade
34: Exchange rate regimes
35: European integration
36: Less developed countries

Additional information

Economics by David Begg
David Begg
Used - Very Good
McGraw-Hill Education - Europe
Book picture is for illustrative purposes only, actual binding, cover or edition may vary.
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