Economics for Business

Economics for Business

Part 1 Economic concepts and systems

Chapter 1 Economic concepts

Chapter 2 Economic systems

Part 2 The price mechanism

Chapter 3 Demand, supply and equilibrium

Chapter 4 Price and income elasticity

Part 3 Market structures

Chapter 5 Market structures and the Australian capitalist economy

Chapter 6 Contemporary market capitalism: price and output determination in different market structures

Chapter 7 Government market intervention in the Australian economy

Part 4 The Australian financial system

Chapter 8 Financial institutions

Chapter 9 Money and interest

Chapter 10 Financial deregulation

Part 5 Wealth creation

Chapter 11 Wealth creation

Part 6 Australia in the international economy

Chapter 12 Australia’s international trade

Chapter 13 The balance of payments

Chapter 14 The exchange rate

Part 7 The circular flow and economic fluctuations

Chapter 15 The circular flow

Chapter 16 National income, expenditure and product

Part 8 Structural change and contemporary economic issues

Chapter 17 Structural change

Chapter 18 The labour force

Chapter 19 Inflation

Chapter 20 Industry case studies

Part 9 Economic policies

Chapter 21 Macroeconomic management in Australia

Chapter 22 Fiscal policy

Chapter 23 Monetary policy

Chapter 24 Prices and incomes policy

Chapter 25 External policy

Part 10 Economic growth and development

Chapter 26 Economic growth

Chapter 27 Economic development

Glossary

Index

Ideal for students of introductory economics,Economics for Business brings a challengingsubject to life by providing careful explanationsand accessible examples of economic concepts.

This new edition includes all the features thatproved so popular in the second edition—visualrepresentations, mind-map diagrams, end-ofchapterreview material and local case studies—while updating the content to reflect the currenteconomic climate. It also includes newexamples and figures, as well as addressingcontemporary issues such as the impact ofglobalisation and Free Trade Agreements, greenpolitics and the Euro.