Economics

By:

Lipsey, Richard

Contributor(s):

Chrystal, Alec

Material type: Text

TextPublication details: India Oxford University Press 2014Edition: 12thDescription: xix, 677 pISBN:

9780199642595

Subject(s):

Economics

DDC classification:

330 LIP

Summary: 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.

List(s) this item appears in: Public Policy & General Management | Finance & Accounting

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Item type	Current library	Collection	Call number	Copy number	Status	Date due	Barcode
Book	Indian Institute of Management LRC General Stacks	Public Policy & General Management	330 LIP (Browse shelf(Opens below))	1	Available		000306

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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
Part 3: Markets for inputs
Demand and supply of inputs
The labour market
Capital, investment, and new technology
Economics of risk and financial crises
Part 4: Government and the market
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
Part 6: Macroeconomics of the global economy
The business cycle, unemployment and inflation
Exchange rates and the balance of payments
Fiscal and monetary policies
Economic growth and sustainability
International trade

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.

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