Douglas McCulloch
Broschiertes Buch

AN ECONOMICS PRIMER FOR INTERNATIONAL STUDENTS

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The aim is to introduce the essentials of economics, beginning, in Reading 1, with the ideas of resources, scarcity, and choice, both individual and social. The operation of markets is discussed in Reading 2, including the description of the perfect market, leading to a definition of economic efficiency, which informs many policy and investment decisions across the world. Reading 3 explains the operation of Demand and Supply analysis, and the sources of market failure are presented in Reading 4. The need for objectivity is emphasized; economics is the art of making judgements using evidence an...