Understanding the economic environment /
Matthew Barber, LLB(Hons), BCom, LLM(Hons), PhD (in Law), Senior Lecturer in Law, Auckland University of Technology, Andrew Callendar, BA and PG Dip(Econ) (Otago), Dip Teaching, MBA (Massey), BTheol(Hons) and PHD (Otago).
- Fourth edition.
- xxxiii, 322 pages : illustrations ; 27 cm
- Understanding series .
- Understanding series (Wellington, N.Z.) .
Previous edition written by Andrew Callander.
Includes bibliographical references and index.
The economic approach -- The economic problem -- The economic way of thinking -- The production possibilities frontier (PPF) model -- Revision questions -- The demand and supply model -- Demand -- Elasticity of demand -- Supply -- Demand and supply in a market -- Government intervention in the market -- Revision questions -- Firms -- Profit maximization -- Short-run and long-run costs -- Market structures -- Revenue and profit -- Business strategy -- Revision questions -- The government and the market -- Allocative efficiency -- Market failure 1: imperfect competition -- Market failure 2: public goods -- Market failure 3: externalities -- Equity vs. efficiency -- Revision questions -- The economy -- Modelling economic activity -- Measuring economic activity -- The business cycle -- The aggregate demand aggregate supply model -- Revision questions -- Government policy and the economy -- Economic objectives -- Fiscal policy -- Monetary policy -- Monetary policy and inflation targeting -- Revision questions -- International trade and the global economy -- Free trade -- Balance of payments -- The foreign exchange market -- New Zealand and the global economy -- Revision questions. 1. 1.1. 1.2. 1.3. 1.4. 2. 2.1. 2.2. 2.3. 2.4. 2.5. 2.6. 3. 3.1. 3.2. 3.3. 3.4. 3.5. 3.6. 4. 4.1. 4.2. 4.3. 4.4. 4.5. 4.6. 5. 5.1. 5.2. 5.3. 5.4. 5.5. 6. 6.1. 6.2. 6.3. 6.4. 6.5. 7. 7.1. 7.2. 7.3. 7.4. 7.5.
"A step-by-step introduction to the key elements of economic theory and a general introduction to mainstream economics in contemporary New Zealand. This 4th edition of Understanding the Economic Environment clearly explains and illustrates the essential tools of economic analysis and applies them to a range of current issues in New Zealand. Students are encouraged to understand and apply the economic principles they are learning and to critically evaluate these principles as they relate to decision-making for business and government economic policy." --Publisher's website.