Economics Revision Guide
In: Springer eBook Collection
PART I INTRODUCTION What Economics is About Methods of Allocating Resources -- PART II WHAT TO PRODUCE How Price is Formed in the Free Market Applications of Demand and Supply Analysis A Further Look at Demand -- PART III HOW TO PRODUCE THE THEORY OF PRODUCTION The Firm; The Organisation and Scale of Production; The Distribution of Goods to the Consumer; The Location of Production Combining the Factors of Production; Deciding the Most Profitable Output; The Supply Curve of Industry Under Perfect Competition; Rewarding the Factors Production: the Marginal Productivity Theory of Distribution -- PART IV THE GOVERNMENT AND THE ALLOCATION OF RESOURCES Market Failure and the Role of Government Monopoly; Imperfect Competition: Other Forms Externalities and Cost-benefit Analysis; The Environment: Conservation and Pollution; The Provision of Goods and Services by the Public Sector -- PART V REWARDS TO THE DIFFERENT FACTORS OF PRODUCTION Labour and Wages Capital and Interest; Land and Rent Entrepreneurship and Profit -- PART IV MONEY AND FINANCIAL INSTITUTIONS Money and the Rate of Interest; Financial Markets Clearing Banks; The Bank of England -- PART VII THE GOVERNMENT AND THE STABILISATION POLICY Measuring the Level of Activity: National Income Calculations Unemployment; The Level of Output and Aggregate Demand: the Keynesian Explanation; Employment and the Price Level Inflation: Its Effects Policies to Achieve Price Stability; Economic Growth Balanced; Regional Development Public Finance -- PART VIII INTERNATIONAL TRADE The Nature of International Trade; The Balance of Payments; Foreign Exchange Rates; The Correction of a Balance-of-Payments Disequilibrium; The European Community -- PART IX LOOKING INTO THE FUTURE The Population of the UK; Current Problems and Policies of the UK.