Table of Contents

Economics for Business Part 1 Economic concepts and systems Chapter 1 Economic concepts Chapter 2 Economic systems Part 2 The price mechanism Chapter 3 Demand, supply and equilibrium Chapter 4 Price and income elasticity Part 3 Market structures Chapter 5 Market structures and the Australian capitalist economy Chapter 6 Contemporary market capitalism: price and output determination in different market structures Chapter 7 Government market intervention in the Australian economy Part 4 The Australian financial system Chapter 8 Financial institutions Chapter 9 Money and interest Chapter 10 Financial deregulation Part 5 Wealth creation Chapter 11 Wealth creation Part 6 Australia in the international economy Chapter 12 Australia’s international trade Chapter 13 The balance of payments Chapter 14 The exchange rate Part 7 The circular flow and economic fluctuations Chapter 15 The circular flow Chapter 16 National income, expenditure and product Part 8 Structural change and contemporary economic issues Chapter 17 Structural change Chapter 18 The labour force Chapter 19 Inflation Chapter 20 Industry case studies Part 9 Economic policies Chapter 21 Macroeconomic management in Australia Chapter 22 Fiscal policy Chapter 23 Monetary policy Chapter 24 Prices and incomes policy Chapter 25 External policy Part 10 Economic growth and development Chapter 26 Economic growth Chapter 27 Economic development Glossary Index

About the Author

Ian Fraser is currently the Dean of Business at the Royal Melbourne Institute of Technology. He has co-authored on the first, second and third editions of Economics for Business. Dr John Gionea has coordinated international trade, economics and international management courses in Melbourne, Singapore, Hong Kong, and Kuala Lumpur, since 1992. He is a graduate of Paris Chamber of Commerce and Industry, the Academy of Economic Studies (Romana) and the International Marketing Institute (Harvard). He currently works as a part-time lecturer at the Swinburne University of Technology in Victoria. He co-authored the first and second editions of Economics for Business in 1999 and 2004, and has also authored International Trade and Investment, in 2002. Simon Fraser has worked as a lecturer at RMIT. he has also co-authored the first and second editions of Economics for Business for McGraw-Hill Australia.