Economic concepts and applications : the contemporary New Zealand environment /

Stewart, James, 1955-

Economic concepts and applications : the contemporary New Zealand environment / James Stewart. - Fifth edition. - x, 512 pages : colour illustrations ; 26 cm

Includes bibliographical references (page 483) and index.

Resources and sustainability -- Allocating resources to maximise human welfare -- Governments, markets and economic performance -- The price mechanism -- Demand and supply -- Elasticity of demand and supply, and government policies -- Theory of the Firm -- Costs of production -- Market structure and the revenue of a firm -- Business decision-making strategy -- Market failure and government intervention -- Allocative efficiency in a pure market economy -- Social goods and externalities -- Government intervention -- The macroeconomic environment -- Circular flow of a nation's economy -- Economic activity, the price level and living standards -- The labour market -- Aggregate demand and aggregate supply -- Money and financial markets -- Macroeconomic policy -- Monetary policy -- Fiscal policy -- The public sector in New Zealand -- The environment of international trade -- Benefits and costs of international trade -- Balance of payments: a country's balance sheet -- Foreign exchange market -- New Zealand's development in a globalising economy. Part One. 1. 2. Part Two. 3. 4. Part Three. 5. 6. 7. Part Four. 8. 9. 10. Part Five. 11. 12. 13. 14. 15. Part Six. 16. 17. 18. Part Seven. 19. 20. 21. 22.

Written for: "students studying introductory courses on the New Zealand economy; [and] New Zealand Diploma in Business students of The Economic Environment 520 course; [and]Students studying the essentials of microeconomic and macroeconomic principles"--Back cover.

144255522X 9781442555228


Economics.


New Zealand--Economic conditions

330.993

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