Economics – David Begg, Gianluigi Vernasca, Stanley Fischer, Rudiger Dornbusch – 18th Edition


This new edition of the popular text by David Begg and Gianluigi Vernasca enables the reader to understand today’s economic by examining the underlying theory and applying it to real-world situations. surveys the latest ideas and issues, such as the role of regulation in banking, the consequences of globalization and monetary union, and the efficacy of our current models. This coverage, with a rich array of pedagogical features, encourages students to explore our past and present, and to think critically about where this might lead us in the future.

The new edition is updated to provide a comprehensive of the crash: its causes, consequences, and possible policy responses, from fiscal stimulus to quantitative easing.

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Table of Contents

Part 1: Introduction 
1. Economics and the Economy
2. Tools of Economics Analysis
3. Demand, Supply and the Market

Part 2: Positive Microeconomics
4. Elasticities of Demand and Supply
5. Consumer Choice and Demand
6. Introducing Supply Decisions
7. Costs and Supply
8. Perfect Competition and Pure Monopoly
9. Market Structure and Imperfect Competition
10. The Labour Market
11. Factor Markets and Income Distribution
12. Risk and Information

Part 3: Welfare Economics
13. Welfare Economics
14. Government Spending and Revenue

Part 4: Macroeconomics
15. Introduction to Macroeconomics
16. Output and Aggregate Demand
17. Fiscal Policy and Foreign Policy
18. Money and Banking
19. Interest Rates and Monetary Transmission
20. Monetary and Fiscal Policy
21. Aggregate Supply, Prices and Adjustment to Shocks
22. Inflation, Expectations and Credibility
23. Unemployment
24. Exchange Rates and the Balance of Payments
25. Open Economy Macroeconomics
26. Exchange Rate Regimes
27. Business Cycles
28. Supply-side Economics and Economic Growth

Part 5: The World Economy
29. International Trade

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