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Principles of Economics: Grace Lee Hooi Yean and et al. (2019) (ISBN: 9789671344088)

Principles of Economics: Grace Lee Hooi Yean and et al. (2019) (ISBN: 9789671344088)
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Table of Contents

PART 1: WHAT IS ECONOMICS?       

Chapter 1 Basic Concept of Economics    

Chapter 2 The Economic Problem    


PART 2: HOW MARKETS WORK     

Chapter 3 Demand and Supply    

Chapter 4 Elasticity and Its Application       

Chapter 5 Supply, Demand and Government Policies    

Chapter 6 Consumer Surplus, Producer Surplus and Market Efficiency    


PART 3: HOUSEHOLDS' CHOICES     

Chapter 7 The Theory of Consumer Choice    

Chapter 8 Uncertainty and Asymmetric Information    


PART 4: FIRMS AND MARKETS     

Chapter 9 The Cost of Production    

Chapter 10 Perfect Competition    

Chapter 11 Monopoly    

Chapter 12 Monopolistic Competition    

Chapter 13 Oligopoly    


PART 5: FACTOR MARKETS     

Chapter 14 Demand and Supply in Factor Market    

Chapter 15 Income Inequality and Poverty    


PART 6: PUBLIC SECTOR     

Chapter 16 Externalities    

Chapter 17 Public Goods and Common Property Resources    


PART 7: MACROECONOMIC OVERVIEW     

Chapter 18 Introduction to Macroeconomics    

Chapter 19 Measuring National Output and National Income    

Chapter 20 Monitoring Unemployment and Inflation    

Chapter 21 Productivity and Long-run Growth    


PART 8: THE CORE OF MACROECONOMIC THEORY     

Chapter 22 Aggregate Expenditure and Equilibrium    

Chapter 23 Fiscal Policy    

Chapter 24 Monetary Policy

Chapter 25 Money Demand and the Equilibrium Interest Rate    

Chapter 26 Aggregate Demand in the Goods and Money Market    

Chapter 27 Aggregate Supply and the Equilibrium Price Level    

Chapter 28 Understanding Malaysia's Economy and Labour Market    


PART 9: THE MACROECONOMICS OF OPEN ECONOMIES     

Chapter 29 Openness in Goods and Financial Markets    

Chapter 30 The Goods Market in an Open Economy    

Chapter 31 Trade Barriers    

Chapter 32 Exchange Rate Regimes    


PART 10: FURTHER MACROECONOMICS ISSUES     

Chapter 33 The Middle Income Trap    

Chapter 34 Financial Crises    

Index


Highlight

  • Written by a group of Malaysian economists who recognised the lack of local content in most economics textbooks in the country.

  • Focused on applications and examples in developed countries.

  • Designed particularly for students in Malaysia.

  • Maintained an international focus when choosing examples.

  • Most chapters incorporate case studies illustrating how the principles of economics are applied.

Principles of Economics: Grace Lee Hooi Yean and et al. (2019) (ISBN: 9789671344088)
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