A concise and accessible text covering the whole syllabus for the foundation and first level papers of the professional bodies, this book can also be used by A Level students and those in the first year of a degree course. It is intended for use both as a course text and a revision aid. Key features include wide coverage of economic theory supplemented by relevant examples from contemporary events; explanations of the main issues in economics, including monetarism, neo-classical theories, and the IS/LM and Aggregate Demand Models; recent managerial innovations and their implications for dis-economies of scale; numbered paragraphs for easy cross-referencing and grouping of subjects into manageable portions; end of chapter self-assessment questions for monitoring progress; a fully comprehensive gloasary of economic terms.
Basic Concepts Production Specialist and Division of Labour Elements of Demand Elements of Supply Determination of Market Price Elasticity Market Analysis The Firm's Cost The Growth of the Business Unit Business Units and Sources of Capital Source of Capital Location of Production Perfect Competition Monopoly Oligopoly Monopolistic Competition Competition Policy Wages Trade Unions Rent Population Interest Profits Consumer Behaviour Alternative Theories of the Firm The Price Mechanism National Income International Trade Balance and Payments Exchange Rates Unemployment Regional Policy Taxation The Banking System and the Control of Credit Inflation Defining the Money Supply Instruments of the Monetary Policy Demand Management - the Keynesian Model Demand Management in Practice The Accelerator Interest Rate Determination and Investment Monetarism and Inflation The Natural Rate of Unemployment and the Phillips curve Economic Growth and Development.
Neil Fuller is an experienced lecturer and examiner specialising in economics and purchasing management, and has an MSc in economics. He has extensive experience of working in industry and commerce prior to teaching and is a senior lecturer in economics and management and a Chief Examiner for the Chartered Institute of Purchasing and Supply. Nigel Proctor is Vice Principal at Gateway Sixth Form College and has an MA in economics. Currently the Principal Moderator for the Southern examining Group, he is also a senior examiner for Young Enterprise Europe and an assistant examiner for the Associated Examining Board.