ABSTRACT

First published in 1980, Economic Behaviour: An Introduction has been written specifically to speed up the settling-in process of students new to the subject of economics. It starts at the shallow end with the family budget and proceeds via an examination of business decision-taking to the analysis of supply and demand in goods and factor markets. The second half of the book deals with the major macroeconomic aggregates, national income, employment and the price level – giving both Keynesian and Monetarist approaches a fair hearing. The book ends with two chapters on economic policy and concludes with a chapter on methods of building and testing economic models – a subject which is both interesting and useful by the time students have grasped the essence of economic analysis.

Throughout, the author makes economics relevant and at the same time presents basic theoretical techniques of analysis and controversies in a manner which makes translation to one of the major standard theory texts as smooth as possible.

part |2 pages

PART ONE INTRODUCTION: CONSUMER AND PRODUCER BEHAVIOUR

chapter 1|9 pages

The Family Budget

chapter 2|19 pages

The Business of Production

part |2 pages

PART TWO PRICES AND MARKETS

chapter 3|22 pages

The Allocation of Resources

chapter 4|25 pages

Supply and Demand in the Market for Goods

chapter 5|19 pages

The Prices of Factors of Production

part |2 pages

PART THREE NATIONAL INCOME OUTPUT AND THE PRICE LEVEL

chapter 6|22 pages

The National Income

chapter 7|26 pages

The Determination of the National Income

chapter 8|26 pages

Money

part |2 pages

PART FOUR ECONOMIC POLICY

chapter 9|27 pages

Economic Policy: I Macroeconomics

chapter 10|23 pages

Economic Policy: II Microeconomics

part |2 pages

PART FIVE THE NATURE OF ECONOMICS