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Economics for Today.

Bibliographic Details
Main Author: Layton, Allan.
Other Authors: Robinson, Tim., Tucker, Irvin B.
Format: eBook
Language:English
Published: Melbourne : Cengage, 2018.
Edition:6th ed.
Subjects:
Economics-Textbooks.
Electronic books.
Online Access:View fulltext via EzAccess
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245 1 0 |a Economics for Today. 
250 |a 6th ed. 
264 1 |a Melbourne :  |b Cengage,  |c 2018. 
264 4 |c ©2019. 
300 |a 1 online resource (577 pages) 
336 |a text  |b txt  |2 rdacontent 
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505 0 |a Title page -- Imprint page -- Brief contents -- Contents -- Guide to the text -- Guide to the online resources -- Preface to the sixth edition -- Acknowledgements -- About the authors -- Part 1: Introduction to economics -- Chapter 1: Thinking like an economist -- The problem of scarcity -- Macroeconomics and microeconomics -- The methodology of economics -- Hazards of the economic way of thinking -- Why do economists disagree? -- Practical applications of economics -- Appendix to Chapter 1: Applying graphs to economics -- Direct and inverse relationships -- Slopes of lines in a graph -- Introduce a third variable to the graph -- The importance of index numbers -- Chapter 2: Production possibilities and opportunity cost -- The three fundamental economic questions -- Opportunity cost -- Marginal analysis -- The production possibilities frontier -- The law of increasing opportunity costs -- Shifting the production possibilities frontier -- Present investment and the future production possibilities frontier -- Gains from trade -- Chapter 3: Market demand and supply -- The law of demand -- The distinction between changes in quantity demanded and changes in demand -- Non-price determinants of demand -- The law of supply -- The distinction between changes in quantity supplied and changes in supply -- Non-price determinants of supply -- Market supply and demand analysis -- Chapter 4: Markets in action -- Changes in market equilibrium -- Can the laws of supply and demand be repealed? -- Market failure -- Part 2: Microeconomic fundamentals -- Chapter 5: Elasticity of demand and supply -- Price elasticity of demand -- Price elasticity of demand variations along a straight-line demand curve -- Determinants of price elasticity of demand -- Other measures of demand elasticity -- Price elasticity of supply -- Price elasticity and the impact of taxation. 
505 8 |a Chapter 6: Production costs -- Costs and profit -- Short-run production theory -- Short-run cost concepts -- Marginal cost relationships -- Long-run production costs -- Different scales of production -- Part 3: Market structures -- Chapter 7: Perfect competition -- Market structures -- Perfect competition -- Short-run profit maximisation for a perfectly competitive firm -- Short-run loss minimisation for a perfectly competitive firm -- Short-run supply curves under perfect competition -- Short-run and long-run equilibrium for a perfectly competitive firm -- Three types of long-run supply curve under perfect competition -- Chapter 8: Monopoly -- The monopoly market structure -- Price and output decisions for a monopolist -- Price discrimination -- Comparing monopoly and perfect competition: the case against and for monopoly -- Chapter 9: Monopolistic competition and oligopoly -- The monopolistic competition market structure -- The monopolistically competitive firm as a price maker -- Price and output decisions for a monopolistically competitive firm -- Comparing monopolistic competition and perfect competition -- The oligopoly market structure -- Price and output decisions for an oligopolist -- An evaluation of oligopoly and a review of the four market structures -- Chapter 10: Microeconomic policy issues: housing affordability and climate change -- Housing affordability -- Tackling climate change and carbon emissions -- Part 4: Macroeconomic fundamentals -- Chapter 11: Measuring the size of the economy -- The concept of gross domestic product: the basics -- Measuring GDP -- GDP shortcomings as a measure of economic welfare -- Changing nominal GDP to real GDP -- Relationship between national saving and investment in an open economy -- Chapter 12: Business cycles and economic growth -- The business cycle roller-coaster -- Business cycle indicators. 
505 8 |a Total spending and the business cycle -- Economic growth in the longer term -- The goals of macroeconomic policy -- Chapter 13: Inflation and unemployment -- Meaning and measurement of inflation -- Consequences of inflation -- The meaning and measurement of unemployment -- Types of unemployment -- Inflation and unemployment: Is there a relationship? -- Part 5: Macroeconomic theory and policy -- Chapter 14: A simple model of the macro economy -- Economic determinants of the four key expenditure components of aggregate demand -- The aggregate demand-aggregate supply model -- Changes in the AD-AS macroeconomic equilibrium -- Chapter 15: The monetary and financial system -- Some monetary fundamentals -- The determination of interest rates -- A modern financial system -- Chapter 16: Macroeconomic policy I: monetary policy -- What is monetary policy and how is it thought to affect the economy? -- Modern monetary policy implementation: the case of Australia -- An alternative view of the monetary policy transmission mechanism -- The appropriate role for monetary policy: the rules versus discretion debate -- Chapter 17: Macroeconomic policy II: fiscal policy -- Discretionary demand-side fiscal policy -- Supply-side fiscal policy -- The macroeconomic significance of the federal budget -- Implications of the budget outcome for government debt levels -- Part 6: Further aspects of international economics -- Chapter 18: International trade and finance -- Why nations benefit from trade -- Free trade, fair trade and protectionism -- The balance of payments -- The exchange rate and its economic impact -- Chapter 19: Macroeconomic policy issues: reflecting on the global financial and economic crisis &amp -- the European sovereign debt crisis -- The unfolding of a worldwide financial maelstrom -- The economic consequences of the GFEC. 
505 8 |a Macroeconomic policy responses to the crisis -- The European sovereign debt - and banking - crisis -- Index -- Glossary. 
526 0 |a AS201 - Bachelor of Science (Hons.) Biology  |z Syllabus Programme 
588 |a Description based on publisher supplied metadata and other sources. 
590 |a Electronic reproduction. Ann Arbor, Michigan : ProQuest Ebook Central, 2021. Available via World Wide Web. Access may be limited to ProQuest Ebook Central affiliated libraries.  
650 0 |a Economics-Textbooks. 
655 4 |a Electronic books. 
700 1 |a Robinson, Tim. 
700 1 |a Tucker, Irvin B. 
776 0 8 |i Print version:  |a Layton, Allan  |t Economics for Today  |d Melbourne : Cengage,c2018  |z 9780170410830 
797 2 |a ProQuest (Firm) 
856 4 0 |u https://ezaccess.library.uitm.edu.my/login?url=https://ebookcentral.proquest.com/lib/uitm-ebooks/detail.action?docID=6335516  |z View fulltext via EzAccess 
966 0 |a 2021  |b ProQuest Ebook Central  |c UiTM Library  |d Mohd Fadhli Samsudin  |e Faculty of Applied Sciences  |f ProQuest 

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