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Table Of Contents

1 The Issues and Methods of Economics
1.1 Economics as a science
1.2 Modeling in economics
1.3 Economic way of thinking
1.4 Production possibilities frontier (PPF)
1.7 Specialization, absolute and comparative advantage
2 Demand and Supply
2.1 Demand as a function
2.2 Individual demand versus market demand
2.3 Determinants of demand
2.4 Supply as a function
2.5 Individual supply and market supply
2.6 Determinants of supply
2.7 Market equilibrium
2.8 Price elasticity of demand
2.9 Total revenue and price elasticity of demand
2.10 Price elasticity of supply
2.11 Other types of elasticity
3 Consumer Choice and Demand
3.1 Consumption and rationality
3.2 Budget constraint and budget line
3.4 Maximizing total utility
3.5 Deriving the demand curve
3.6 Consumer surplus
4 Production and Costs
4.1 A frm in economics
4.2 Accounting versus economic costs and profts
4.3 The short-run and long-run
4.4 Short-run production
4.5 Short-run costs
4.6 Simple algebra of the short-run costs
4.7 Long-run production and costs
5 Perfect Competition and Efciency of Markets
5.1 Market structures
5.2 Proft-maximizing choices of a perfectly competitive frm
5.3 Proft-maximizing output of a perfectly competitive frm in the short-run
5.4 Short-run supply curve of a perfectly competitive frm
5.5 Output, price and proft of a perfectly competitive frm in the short-run
5.6 Output, price and proft of a perfectly competitive frm in the long-run
5.7 Efciency of markets
5.8 Fairness of markets
6 Monopoly and Market Power
6.1 Reasons for monopoly
6.2 Single-price monopoly: Price and marginal revenue
6.3 Single-price monopoly: Output and price decision
6.4 Single-price monopoly and perfect competition compared
6.5 Price-discriminating monopoly
6.6 Natural monopoly
6.7 Market power
7 Market Failures and Government Intervention
7.1 Market failures versus market imperfections
7.2 Externalities
7.3 Private costs versus social costs
7.4 Private benefts versus social benefts
7.6 Asymmetric information
7.7 Government intervention
8 National Accounting, Unemplyment and Infation
8.1 Macroeconomics and national accounting
8.2 Total production, national income and aggregate expenditures
8.3 Nominal GDP versus real GDP
8.5 Infation and the cost of living
8.6 Nominal versus real values
9 Real Economy
9.1 Real economy and classical dichotomy
9.2 Aggregate Supply
9.3 Aggregate Demand
9.6 Self-Correction Mechanism
10 Money and Monetary System
10.1 Money and its functions
10.2 Monetary system: Central bank
10.3 Monetary system: Commercial banks
10.4 How money is created by the monetary system
11 Fundamentals of Fiscal and Monetary Policy
11.1 Fundamentals of fscal policy
11.2 Discretionary fscal policy and the multiplier process
11.3 Discretionary fscal stabilization
11.4 Automatic fscal policy
11.5 Fundamentals of monetary policy
11.6 Monetary stabilization
12 International Finance and Open Economy
12.1 Balance of payments
12.2 Current account balance and the twin defcits hypothesis
12.4 Small open economy
12.5 Fiscal Policy in a small open economy with fexible exchange rate
12.6 Fiscal Policy in a small open economy with fxed exchange rate
12.7 Monetary policy in a small open economy with fxed exchange rate
12.8 Monetary policy in a small open economy with fexible exchange rate
12.9 Large open economy
12.10 Exchange rate expectations
13 Economic Growth and Development
13.1 Economic growth, growth rate and economic development
13.2 Sources of economic growth
13.3 The productivity curve
13.4 Theories of economic growth
13.5 Preconditions and policies for economic growth
13.6 Sustainable Development
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Practical Guide to Contemporary Economics

Practical Guide to Contemporary Economics

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Published by: Emilio Cantos Romero on Nov 20, 2013
Copyright:Attribution Non-commercial

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11/20/2013

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