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Economic Concepts and Applications

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Economic Concepts and Applications

By James Stewart, Keith Rankin

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Format: Paperback, 448 pages, 4th Edition Edition
Published In: New Zealand, 25 June 2008
This book is suitable for all students studying introductory courses on the New Zealand economy as well as New Zealand Diploma in Business students of The Economic Environment 520. Although completely revised and restructured, the central theme of this fourth edition of Economic Concepts and Applications continues to echo the observation of the great nineteenth-century economist, Alfred Marshall, that Economics is 'a study of mankind in the ordinary business of life.' In all aspects of life, economic concepts are applied to the process of decision making: the course of study chosen by a student; the choice of employment of a job seeker; the mix of goods purchased by a consumer; the crops planted by a farmer; the pricing decisions of a producer, supplier or retailer; a government's decision to raise or lower taxes; or a central bank's decision to increase the cost of borrowing. Decisions of an economic nature are happening everywhere and at all levels of society. Some decisions have little impact on the economy, while others can have an enormous, global impact. This text aims to make this reality clear to the reader.

Table of Contents

Part One: Resources and sustainability -- Part Two: The price mechanism -- Part Three: Theory of the firm -- Part Four: Market failure and government intervention -- Part Five: The macroeconomic environment -- Part Six: Macroeconomic policy -- Part Seven: The environment of international trade

About the Author

James Stewart is a senior lecturer in economics for both degree- and diploma-level courses in the Unitec Business School (UBS) in Auckland. Keith Rankin is a lecturer in economics for both degree - and diploma-level courses in the Unitec Business School (UBS) in Auckland.

EAN: 9780733993329
ISBN: 073399332X
Publisher: Prentice Hall New Zealand
Age Range: 15+ years
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1 review(s)
All Reviews
Lesley Start on
If you are looking for a book that covers the basic requirements for your first time then this is a good buy. I have found it a great help and it can only get better. Not knowing a thing about economics this starts at the begining and goes through in small bits, can be hard at first due to the economic language but you learn as you go.

A good buy all round.

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