Economic Analysis & Canadian Policy

Economic Analysis & Canadian Policy

6th Edition - January 1, 1988

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  • Author: David Stager
  • eBook ISBN: 9781483100531

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Economic Analysis & Canadian Policy: Seventh Edition deals with concepts and theories in economics and its relation to Canadian economic policies. The book is divided into two parts. Part I is a general overview of economics and includes topics such as basic economic decisions, economic policies and analysis, supply and demand, market price, and the role of the government in the economy. Part II deals with the Canadian economy - its economic goals, economic growth, and national income; its banking systems; its fiscal policy, public debt, and budget deficit; and international trade policies, patterns, and rationale. Part III covers consumer demand, production costs, supply, market competition, and market structure. Part IV talks about labor market and wages, income distribution in Canada, and regional income disparity. The text is recommended for economists and financial analysts, especially those who would like to study about Canada's economy and its policies.

Table of Contents

  • Contents

    Part One Economics and the Market Place

    1 Economics: The Analysis of Choice

    What is Economics?

    Basic Economic Decisions

    Economic Systems

    Appendix: Economics and the Use of Graphs

    2 Economic Analysis and Economic Policy

    Normative and Positive Economics

    Scientific Method in Economics

    Difficulties with measurement

    Some Basic Concepts

    Microeconomics and Macroeconomics

    3 Demand, Supply, and Market Prices

    Demand for Consumer Goods and Services

    Totai Market Demand

    Elasticity: Sensitivity to Price Changes

    Supply of Consumer Goods and Services

    Price Determined by Supply and Demand

    Interdependence of Markets

    Appendix: Further Elasticity Cases

    4 Government in the Market Economy

    Limitations of the Market System

    Government in the Market Economy

    Using the Price Mechanism for Public Policies

    Part Two The Canadian Economy

    5 Inflation, Unemployment, and National income

    Canada's Economic Goals

    Inflation and Price Stability

    Unemployment and Full Employment

    Economic Growth and National Income

    National Income and Expenditure Accounts

    Real Income per Capita

    6 Aggregate Expenditure and National Income

    National Income in Classical Economics

    Keynesian Model of National Income Determination

    Consumption Spending

    Other Spending Components

    Toward Equilibrium National Income

    Moving the Equilibrium Level

    The Multiplier

    The Acceleration Principle

    National Income at Full Employment

    The Inflation and Unemployment Dilemma

    7 Money and Banking in Canada

    What is Money?

    Canadian Banking System

    Expansion and Contraction of Bank Deposits

    Techniques for Regulating the Money Supply

    8 Money and National Income

    Money in Classical Economics

    The Demand for Money

    Determination of the Rate of Interest

    Money, Interest Rate, and Aggregate Demand

    Appendix: General Equilibrium In the Real and Monetary Sectors

    9 Fiscal Policy and the Public Debt

    The Inflation-Unemployment Trade-Off

    Fiscal Policy

    Budget Deficits

    Fiscal Policy in Canada

    The Public Debt

    10 Monetary Policy and the Foreign Exchange Rate

    Monetary Policy

    Foreign Exchange Rates

    Money Supply and Foreign Exchange Rates

    Canada's Exchange Rate Policy

    Canadian Experience with Monetary Policy

    Appendix: Reforming the International Monetary System

    14 Economics of the Public Sector

    Government Expenditures


    Taxation in Canada

    Fiscal Federalism and Intergovernmental Transfers

    Part Three Consumers and Producers

    15 Consumer Demand

    Marginal Utility and Consumer Decisions

    Consumer Surplus

    Substitution and Income Effects

    Consumer Expenditure Patterns

    Appendix: Indifference Analysis of Consumer Decisions

    16 Production Costs

    What Are Costs?

    Short-Run Production and Costs

    Long-Run Production and Costs

    17 Supply Decisions in Competitive Markets

    Market Structure

    Perfect Competition

    Output and Price under Perfect Competition

    18 Monopoly and Imperfect Competition

    Pure Monopoly

    Price Discrimination

    Monopolistic Competition


    19 Evaluation of Market Structures

    Performance of Firms

    Models of Firms' Behaviour: A Critique

    20 Industrial Organization and Public Policy

    Industrial Organization in Canada

    Type of Firms

    Public Policy on Industrial Organization

    Public Policy on Monopoly and Oligopoly

    Public Control of Natural Monopolies

    Public Support for Restricted Competition

    21 Economics of the Natural Resource Industries

    Significance of the Natural Resource Industries





    Oil and Natural Gas

    Foreign Ownership and Control of Canadian Industry

    Part Four Distribution of Incomes

    22 Demand for Factor Services

    Demand for Factor Services: The Marginal Productivity Theory

    Imperfect Competition in the Product Market

    Profit Maximizing and Cost Minimizing

    23 Labour Markets and Wages

    Wages and Wage Rates

    The Supply of Labour

    Wage Determination under Perfect Competition

    Wage Determination under Imperfect Competition

    The Structure of Wages in Canada

    Appendix: The Labour/Leisure Choice Model

    24 Labour Unions and Collective


    Size and Structure of Unions in Canada

    Union Goals

    Union Techniques and Tactics

    Collective Bargaining Procedures

    Union Effects on Labour Markets

    Labour Legislation in Canada

    25 Rent, interest, and Profit

    Rent and Land

    Interest and Capital

    Profit and the Entrepreneur

    26 income Distribution in Canada

    Income Distribution among Productive Factors

    Personal Distribution of Income


    Anti-Poverty Programs and Proposals

    27 Regional Income Disparity

    Regional Income Differences in Canada

    Policies and Programs to Reduce Regional Disparity



Product details

  • No. of pages: 690
  • Language: English
  • Copyright: © Butterworth-Heinemann 1990
  • Published: January 1, 1988
  • Imprint: Butterworth-Heinemann
  • eBook ISBN: 9781483100531

About the Author

David Stager

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