When asked to describe this text, most Lipsey readers use the same word: precise. The authors do not gloss over subjects when presenting economic ideas; rather, they offer a patient explanation of the concept and back it up with the latest research and data. Taken separately, neither theory nor data alone can give readers a true understanding of the idea, but when combined these elements give students a complete view of economics in the real world.
What is Economics?: Economic Issues and Concepts; How Economists Work.An Introduction to Demand and Supply: Demand, Supply, and Price; Elasticity; Markets in Action. Consumers and Products: Consumer Behavior; Producers in the Short Run; Producers in the Long Run. Market Structure and Efficiency: Competitive Markets; Monopoly, Cartels, and Price Discrimination; Imperfect Competition and Strategic Behavior; Economic Efficiency and Public Policy. Factor Markets: How Factor Markets Work; Labor Markets; Interest Rates and the Capital Market. Government in the Market Economy: Market Failures and Government Intervention; The Economics of Environmental Protection; Taxation and Public Expenditure. An Introduction to Macroeconomics: What Macroeconomics Is All About; The Measurement of National Income. The Economy in the Short Run: The Simplest Short-Run Macro Model; Adding Government and Trade to the Simple Macro Model; Aggregate Supply and Aggregate Demand in the Short Run. The Economy in the Long Run: From the Short Run to the Long Run: The Adjustment of Factor Prices; The Difference Between Short-Run and Long-Run Macroeconomics; Long-Run Economic Growth. Money, Banking, and Monetary Policy: Money and Banking; Money, Interest Rates, and Economic Activity; Monetary Policy. Macroeconomic Problems and Policies: Inflation and Disinflation; Unemployment Fluctuations and the NAIRU; Government Debt and Deficits. The United States the Global Economy: The Gains from International Trade; Trade Policy; Exchange Rates and the Balance of Payments.
For all readers interested in economics.
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This fully updated and revised edition provides Economics students with a clear and comprehensive introduction to the principles of both macroeconomics and microeconomics. The macro sections include more focus on economic growth and contain a variety of global examples including development and the world trading system, the Japanese economy, EU monetary and fiscal policies and transition economies. The micro sections give more prominence to game theory and strategic interaction and include topics such as optimization of agents, market failure and the role of government, asymmetric information and incentives, and risk management. The clear full-colour layout and enhanced pedagogical features help guide the introductory student through the material. Pedagogy for this edition includes chapter learning objectives, chapter introductions, case studies, chapter summaries, end of chapter questions and a glossary. Nwe to this edition are: new examples, including: coffee prices, museum charges, MPC paper on how interest rates work, globalization and poverty, economics of HIV/Aids and economics of tropical rain forests; economic growth is given more prominence in the Macroeconomics section; game theory and strategic interaction are given more prominence in the Microeconomics section; new case studies on: Argentina and asset price bubbles; and, updated sections on: Japan and EU monetary and fiscal policies. This edition has a companion web site which contains a high quality, full supplementary package for lecturers and students, including instructor's manual, computerised testbank, PowerPoint slides and web links.About the Author:
Dr. Richard G. Lipsey is currently professor emeritus of economics at Simon Fraser University and Fellow of the Canadian Institute for Advanced Research and member of their large-scale, international research project on Economic Growth and Policy. He is an officer of the Order of Canada, a fellow of the Royal Society of Canada and the Econometric Society and a past president of the Canadian Economic Society and the Atlantic Economic Society. He also holds honorary doctorates from the Universities of McMaster, Victoria, Carleton, Queen's, Toronto, Guelph, Western Ontario, Essex (England) and UBC. Dr. Lipsey received his B.A. from UBC., M.A. from Toronto and PhD from London School of Economics.
Christopher Ragan is an Associate Professor of Macroeconomics and Economic Policy at McGill University. He received his Ph.D. from Massachusetts Institute of Technology. He has served as Special Advisor for the Bank of Canada in Ottawa and as Associate Dean of Arts for McGill University. He is currently the Editor in Chief of World Economic Affairs.
Paul Storer received his Ph.D. in 1992 from the University of Western Ontario. Prior to joining Western in 1996, he served as an economist for the Bank of Canada and as a faculty member at the University of Quebec at Montreal. Storer's teaching and research interests include macroeconomics, money and banking, labor, and Canadian economic policy and issues. His current research focuses on economic integration in North America and on the economics of education. In 1997, 2001, and 2004 he received the CBE Dean's research award. He received the 2004 “Excellence in Teaching Award, one of two awarded each year by the University.
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Book Description Harper & Row, 1984. Hardcover. Book Condition: New. book. Bookseller Inventory # 60439270