The revised edition is an accessible and easy-to-use text which makes the subject of Economics appealing and relevant for South African students.
Key features
- Excellent features include key concept summaries, essay questions, end of chapter exercises and practical examples based on real life South African examples.
- Apart from the revised language level, this text, aimed at first year university and university of technology students, contains illustrations and graphs, used to explain certain fundamental concepts. This allows for extremely accessible reading and assimilation of knowledge.
- At the end of each chapter, key terms are listed to remind the reader of the main concepts covered in the preceding pages.
- In addition, multiple choice questions, discussions and review questions at the end of each chapter allow for the student’s own self-assessment.
Contents
PART I INTRODUCTION
1.
Making sense of economic activity
2.
Economic systems
3.
Overview of the South African macroeconomy
4.
Opportunity cost and the production possibility curve
PART II MICROECONOMICS
5.
Demand
and Supply: Price and quantity determination
6.
Elasticities
7.
Government intervention: Price determination and elasticities in real markets
8.
Demand theory
9.
Supply theory
10.
Market structure
11.
Factor markets
12.
Trade
PART III MACROECONOMICS
13.
Introduction to macroeconomics
14.
Measuring macroeconomic performance
15.
Simple Keynesian model
16.
The open economy with government
17.
Extensions and
application of macroeconomic theory
18.
Money and banking
19.
Fiscal and monetary policy
20.
Exchange rates and the balance of payments
Go to the online catalogue
Economics 2e
