Eco - 3

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V i i i B R E FC O T E NS
N
T

1,4 Thel lationalE conomy

345

a
A
Macroeconomic
l Ssues ndA nalysis: nO verview

475

16
17
18
19
20
21
22
23

T heRoot5of odernfllacroeconomics
M
S hort"run acroeconomicEquilibrium
M
R
M oneyand
I nterest ates
t he
G
M
T he elationship
R
b etween M oneyand oods arkets
F iscaland onetary olicy
M
P
I nflation
A ggregateSupply,
u nemptoymentand
G
L ong-termconomicroMh
E
S upply-sidePolicies

453
474
502

638
650

24

I nternationalTrade
R
T heE alance f P ayments ndE xchalge ates
o
a

669
705

G lobalandRegionallnterdependence
D
E conomic roblemsof evelopingCountries
P

742
767

o
Postscript:TheCostaways t Votefor Caliban
n
n
Appendix 1: Some Tech iq ues of Eco on icAnolysis
Appendix2: Websites
fhresholdConceptsand Keyldeas

792
A:1
At14
T:1
G:1
I:1

25
26
27

Glossary

535
567

Contents
3,4 c ovehmentrejectionof arketallocation
n
1.5 A gri.uLtureandagrkuliuhlpdlicy

GettingStarted with MyEcan ab
L
Student Res urces Flowch ft
o
a
LecturerReso rcesFlawch rt
u
a
Acknawledgenents
Publisher's Acknowledgen ents

xxii
3.1 A dveftising ndi tseffe.tondenand utves
a
c
3.2 P ti.inqa nthebuses
r3.3 using calculusto cal.ulate the ptice elastitit!

xxxiii
3.s
3.6
3,7

1 I ntroducingEconomics
1,1 W hatdoeconomistssiudy?
1,2 D iff€renteconomicsysiens
1,3 Thenatureof onomicreasoning
ec

1.1
1.2
1.)
1.4
1.5

a0
a2

W hat',sthe
l atest .ananicsn etus?
e
L aoking t n a.neconamicdoto
d
Ihe appo,tunity cans.f studying
S c.t.itlon.labuhdanG
l he i seondfalofpl.hhjng i nthefotnel

1.6 A dan S nith o ndI he i nvisible and o f t hen arket
h

Dealingin futures narkets
A m atald ilehha o f t abat.Dt axes
fhefola.yofconpositian

3
76

4 B ackground D emand
to
4.1 l Marginalutilitytheory
4.2

e5
96

D e n a n d u n d e r c o n d i t i o ns k a n d
of

*4.3 I nditrerenceanalysis

105
109

13
la
22

'4.1 Usihq.al.ulusa detive harginalutility
l
a
function
9a
4 , 2 fhenaginal utilit! rcvalution
1a2
lseconannsthestudyafsetishbehaviaut?a)
1
fokingaccauntaftine
1 a4
Prablens with i nsuI oncenarkets

Supplyand D emand

31

2,2 S upply
2,3 P rice ndo utputdetermination
a
2,4 T hecoitroLofprices

32
39
42
51

t
c
"4,7 C ansunerheary: hotoctetistics
t heary

BackgroundS upply
to
5.1
5.2
5.3
5.4

p
T heshoftuntheoryofroduction
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t heshonun
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T heloigruntheoryofproduction
Costsinth€ grun
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'2.1 I he d endhd
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5.6 P rotitmaxiflisation
2.:J s totkmatketptices
2.4 U ndergraunddrke\
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MarketsinAction

56
57

3.2 Thetimedimension

5,1
5.2
5.3
"t.4
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