Title Economics
Subtitle Cambridge International AS and A Level (With CD)
Author Peter Smith
ISBN 9781444181364
List price Rs 2895.00
Price outside India Available on Request
Original price
Binding Paperback
No of pages 296
Book size 210 x 274 mm
Publishing year 2014
Original publisher Hodder Education
Published in India by .
Exclusive distributors Viva Books Private Limited
Sales territory India, Sri Lanka, Bangladesh, Pakistan, Nepal, .
Status New Arrival
About the book
  
 

Description:
Written for Cambridge International Examination AS and A Level Economics (9708), this book covers the entire syllabus and is divided into separate sections for AS and A Level. The Student’s CD includes interactive tests, selected answers, revision checklists and a glossary.

  • Endorsed by Cambrige International Examinations for syllabus 9708
  • Closely follows the syllabus
  • AS and A Level content is clearly differentiated
  • Written by an experienced author and examiner
  • Past paper questions from Cambridge examinations at the end of every section
  • Includes a free Student’s CD which focuses on revision and practice

 

Contents:
Acknowledgements

Introduction

AS Level

Part 1: Basic economic ideas and resource allocation

Chapter 1: Introducing economics • The economic problem • The production possibility curve • Some key economic ideas • Types of goods and services

Part 2: The price system and the microeconomy

Chapter 2: The nature of demand • The demand curve • The determinants of demand

Chapter 3: The nature of supply • The supply curve • The determinants of supply

Chapter 4: Market equilibrium and the price system • Market equilibrium • Examples of markets • Comparative statics • Elasticity: the sensitivity of demand and supply

Chapter 5: Prices and resource allocation • The role of prices in allocating resources • Prices and consumers • Prices and producers

Part 3: Government microeconomic intervention

Chapter 6: The government in the microeconomy • Minimum and maximum prices • Indirect taxes and subsidies • Government intervention to redistribute income • Direct provision of goods and services by government

Part 4: The macroeconomy

Chapter 7: Aggregate demand, aggregate supply and macroeconomic equilibrium • Aggregate demand • Aggregate supply • Macroeconomic equilibrium

Chapter 8: Macroeconomic performance and inflation • Macroeconomic performance • Measuring the price level • The experience of inflation • Causes of inflation • Consequences of inflation

Chapter 9: The balance of payments and the exchange rate • The balance of payments • The exchange rate and international competitiveness • The determination of exchange rates • Balance of payments problems

Chapter 10: Trade and specialisation • The importance of international trade • Trade liberalisation or protectionism? • Economic integration

Part 5: Government macroeconomic intervention

Chapter 11: Macroeconomic policies • Targets of macroeconomic policy • Instruments of macroeconomic policy • Inflation • Inflation and the balance of payments

A Level

Part 1: Basic economic ideas and resource allocation

Chapter 12: Economic efficiency and market failure • Resource allocation and efficiency • The working of a market economy

Chapter 13: Externalities and cost–benefit analysis • Market failure • What is an externality? • Examples of externalities • Social cost–
benefit analysis

Part 2: The price system and the microeconomy

Chapter 14: Marginal utility and consumer choice • Marginal utility theory • Marginal utility and demand

Chapter 15: Firms and how they operate • The nature of firms • Costs and revenue for firms • Profit maximization

Chapter 16: Perfect competition and monopoly • Market structure • Perfect competition • Monopoly

Chapter 17: Monopolistic competition and oligopoly • Monopolistic competition • Oligopoly • Market concentration

Chapter 18: The objectives of firms and their pricing strategies • The growth of firms • Alternative motivations of firms • Perfect competition and monopoly compared • Pricing strategies and contestable markets

Part 3: Government microeconomic intervention

Chapter 19: Market imperfections and microeconomic policy • Market failure • Imperfect competition • Natural monopoly and privatisation • Inequality in income and wealth • The effectiveness of government intervention

Chapter 20: The labour market • Demand for labour • Elasticity of the demand for labour • Labour supply • Labour market equilibrium • Labour markets • Education and the labour market • Market failure in labour markets • Trade unions

Part 4: The macroeconomy

Chapter 21: National income and economic growth • Measuring national income • The government budget • The nature of economic growth • GNI and growth • The importance of economic growth

Chapter 22: Economic and human development • Defining development • Which are the less developed countries? • Indicators of development • Characteristics of less developed countries • The structure of economic activity in LDCs • The diversity of less developed countries

Chapter 23: Modelling the economy • Monetarist and Keynesian approaches to the macroeconomy • A Keynesian approach to macroeconomic equilibrium • The multiplier and accelerator effects

Chapter 24: Money and the economy • Money in the modern economy • Money and inflation

Chapter 25: Policies to promote development • Problems facing less developed countries • The Harrod–Domar model • Institutions and development • The role of external resources in development • Foreign direct investment • Overseas assistance

Part 5: Government macroeconomic intervention

Chapter 26: Macroeconomic performance • Unemployment • Interrelated macroeconomic problems

Chapter 27: Designing macroeconomic policy • Objectives of macroeconomic policy • Fiscal policy • Fiscal policy and the AD/AS model • Monetary policy • Exchange rate policy • Supply-side policy • Conflicts between policy objectives

Glossary

Index

Student’s CD contents • Interactive tests • Glossary • Chapter summaries • Answers to exercises • Revision checklist and resource assessment

 

Target Audience:
This book is ideal for students studying both the AS and the A Level and also those taking the AS examinations at the end of their first year.

 

 
Special prices are applicable to the authorised sales territory only.
Prices are subject to change without prior notice.