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Essential economics

Author: Adrian Lyons
Publisher: London : Hodder & Stoughton, 1996.
Edition/Format:   Print book : EnglishView all editions and formats
Summary:

Using real events and relevant newspaper extracts, this text seeks to explain key concepts in economics. It includes summaries and "Makes you think!" sections to develop students' understanding and  Read more...

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Genre/Form: Programmed instructional materials
Programmed instruction
Document Type: Book
All Authors / Contributors: Adrian Lyons
ISBN: 0340683449 9780340683446
OCLC Number: 40306205
Notes: Includes index.
Description: xi, 144 pages : illustrations ; 25 cm
Contents: Doing economics. Part 1 The market economy: scarcity and choice; specialization; demand; supply; price; elasticity; the factors of production; business - their costs, revenue and profit; economies of scale; business ownership; the aims of business; the benefits of competition; setting up and closing down. Part 2 When the market fails: public and merit goods; privatization in the UK; monopolies - good or bad?; the environment - are externalities a necessary evil?; when should governments intervene in markets?. Part 3 The national and international economy: demand, supply and the circular flow of income; inflation; unemployment; regional policy; economic growth; the balance of payments; international trade; exchange rates; the European Union; economic development.
Responsibility: Adrian Lyons.

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