Introduction to Economics

Introduction to Economics

6th Edition - January 1, 1982

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  • Authors: Alec Cairncross, Peter Sinclair
  • eBook ISBN: 9781483102764

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Introduction to Economics, Sixth Edition gives a general and nonmathematical introductory approach to the field of economics. The monograph also updates the reader with economic issues over the years and modern economic analysis. The book is divided into seven parts. Part I includes basic topics such as the aim and purpose of economics; production, consumption, and trade; and the factors of production. Part II discusses industrial organization; growth, transformation, and development; localization of industry; and large-scale production. Part III tackles the dynamics of supply and demand, while Part IV talks about the distribution of income, wages, interest, and profit. Part V deals with the national income; expenditure, production, and income in a closed economy; and inflation. Part VI discusses international trade and finance, and Part VII covers the establishment of economic policies and its inherent problems. The text is recommended for economics students who need a good foundation of different principles and concepts in economics as well as their real-world applications.

Table of Contents

  • Contents

    List of Figures

    List of Tables

    Part I-Introductory

    1 What Economics is About

    2 Production, Consumption and Trade

    3 The Factors of Production

    Part II - Industrial Organization

    4 Growth, Transformation and Development

    5 Localization of Industry

    6 Large-Scale Production

    7 Small-Scale Production

    8 The Finance of Large-Scale Production

    9 The Growth of Business Units

    Part III - Supply and Demand

    10 The Price Mechanism

    11 Supply and Demand

    12 Demand

    13 Supply: Cost and Price

    14 Monopoly and Competition

    15 Supply: Cost in Relation to Output and Time

    16 Interrelationships of Supply and Demand

    17 Social Aspects of Pricing

    Part IV - The Distribution of Income

    18 The Distribution of Income

    19 Wages

    20 Interest and Profit

    Part V - Income, Employment and Money

    21 The National Income

    22 Fluctuations in the National Income: Unemployment and the Trade Cycle

    23 Inflation

    24 The Demand for Money

    25 The Supply of Money

    26 British Financial Institutions

    Part VI - International Trade and Finance

    27 International Trade

    28 The Balance of Payments

    29 The Mechanism of International Adjustment

    Part VII - Economic Policy

    30 The Role of Government

    31 Some Problems of Economic Policy

    Appendix Sources of British Economic Statistics


Product details

  • No. of pages: 478
  • Language: English
  • Copyright: © Butterworth-Heinemann 1982
  • Published: January 1, 1982
  • Imprint: Butterworth-Heinemann
  • eBook ISBN: 9781483102764

About the Authors

Alec Cairncross

Peter Sinclair

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