Economics
International Edition
Price: 1060.00 INR
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ISBN:
9780198746577
Publication date:
22/09/2015
Paperback
752 pages
Price: 1060.00 INR
We sell our titles through other companies
Disclaimer :You will be redirected to a third party website.The sole responsibility of supplies, condition of the product, availability of stock, date of delivery, mode of payment will be as promised by the said third party only. Prices and specifications may vary from the OUP India site.
ISBN:
9780198746577
Publication date:
22/09/2015
Paperback
752 pages
Thirteenth Edition
Richard Lipsey & Alec Chrystal
Combining rigour with clarity, the thirteenth edition builds on the success of previous editions to offer a comprehensive introduction to micro and macroeconomics.
Rights: OUP UK (Indian Territory)
Thirteenth Edition
Richard Lipsey & Alec Chrystal
Description
Major attention given to the decoupling of the price level and the inflation rate from variations in GDP and unemployment that occurred when the policy of inflation targeting was successfully adopted in the 1990s by many of the major developed countries, a decoupling that is rare in the macro theory and in macro text books. Comprehensive coverage of the financial crisis and subsequent changes to the global economic landscape allows students to apply the economics they are learning to important contemporary issues. The authors provide a consistent theoretical framework and relate it to a wide range of applied material making clear the relevance of the subject to the real world of business and policy. New and updated global case studies give a broad, international perspective on economics and encourage readers to develop and contextualise their understanding of core themes. Problem solving and numerical questions encourage readers to develop analytical skills.
Thirteenth Edition
Richard Lipsey & Alec Chrystal
Table of contents
Microeconomics
Part 1: Markets and Consumers
- Economic issues and concepts
- Demand and supply
- Elasticity of demand and supply
- Consumer choice: indifference theory
- The cost structure of firms
- Perfect competition
- Monopoly
- Imperfect competition
- Demand and supply of inputs
- The labour market
- Capital, investment, and new technology
- Economics of risk and financial crises
- Successes and failures of markets
- The role of government
Macroeconomics
Part 5: Macroeconomics: issues and framework
- Macroeconomic issues and measurement
- A basic model of the determination of GDP in the short term
- GDP in an open economy with government
- Money and monetary institutions
- Money, interest rates and GDP: the LM curve
- Investment, interest rates and GDP: the IS-LM Model
- GDP and the price level: aggregate demand and aggregate supply
- The determination of GDP with steady inflation
- The business cycle, unemployment and inflation
- Exchange rates and the balance of payments
- Fiscal and monetary policies
- Economic growth and sustainability
- International trade
Thirteenth Edition
Richard Lipsey & Alec Chrystal
Features
- Fully revised chapter on fiscal and monetary policy brings students up to date with key, real policy questions that have parallels in most major economies.
- Greater coverage of quantitative easing and fiscal retrenchment enables students to understand current macro policy dilemmas.
- A new chapter outlining the facts, and developing the theory needed to handle, the most profound change in economic policy and performance in the last 50 years: the successful adoption of a regime of inflation targeting.
- An innovative macro section which teaches the theory as explaining three actual inflationary regimes: firstly the gold standard and Bretton Woods in which the inflation expectations were firmly anchored at, or close to, zero is covered by the basic macro that everyone must learn; secondly the period of ragged inflation which is covered by the standard extensions to cover inflation expectations; and thirdly the period of inflation targeting from 1992 to today which provides the context for the new chapter developing the variations of the basic model that are appropriate to a world in which inflation is successfully targeted at a low and fully expected rate.
Thirteenth Edition
Richard Lipsey & Alec Chrystal
Description
Major attention given to the decoupling of the price level and the inflation rate from variations in GDP and unemployment that occurred when the policy of inflation targeting was successfully adopted in the 1990s by many of the major developed countries, a decoupling that is rare in the macro theory and in macro text books. Comprehensive coverage of the financial crisis and subsequent changes to the global economic landscape allows students to apply the economics they are learning to important contemporary issues. The authors provide a consistent theoretical framework and relate it to a wide range of applied material making clear the relevance of the subject to the real world of business and policy. New and updated global case studies give a broad, international perspective on economics and encourage readers to develop and contextualise their understanding of core themes. Problem solving and numerical questions encourage readers to develop analytical skills.
Read MoreTable of contents
Microeconomics
Part 1: Markets and Consumers
- Economic issues and concepts
- Demand and supply
- Elasticity of demand and supply
- Consumer choice: indifference theory
- The cost structure of firms
- Perfect competition
- Monopoly
- Imperfect competition
- Demand and supply of inputs
- The labour market
- Capital, investment, and new technology
- Economics of risk and financial crises
- Successes and failures of markets
- The role of government
Macroeconomics
Part 5: Macroeconomics: issues and framework
- Macroeconomic issues and measurement
- A basic model of the determination of GDP in the short term
- GDP in an open economy with government
- Money and monetary institutions
- Money, interest rates and GDP: the LM curve
- Investment, interest rates and GDP: the IS-LM Model
- GDP and the price level: aggregate demand and aggregate supply
- The determination of GDP with steady inflation
- The business cycle, unemployment and inflation
- Exchange rates and the balance of payments
- Fiscal and monetary policies
- Economic growth and sustainability
- International trade
