Applied Economics (12th edition) by Stu... | WHSmith Books
Applied Economics (12th edition)

Applied Economics (12th edition)

By: Stuart Wall (author), Alan Griffiths (author)Paperback

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Applied Economics equips you with the skills and knowledge to apply economic analysis to the current economic problems happening in the world today. Highly praised for its clear presentation, broad coverage of topics, and unique blend of theory and application, Applied Economics brings the subject to life, helping you to understand the relevance of economics in the � real world�

About Author

Alan Griffiths, BA, MSc, is Reader in Economics in the Ashcroft International Business School, Anglia Ruskin University. Stuart Wall, BA, MSc, is Professor of Business and Economics Education in Anglia Ruskin University, and Head of the Department of International Business and Strategy. They are both authors of ? Economics for Business and Management? , also published by Pearson.


Guided tour Preface Acknowledgements 1 Changes in the economic structure Structure defined Structural change in the UK Causes of structural change Consequences of structural change Part I: Theory of the firm2. Financial reports as a source of corporate informationFinancial reports and the assessment of company performance External sources of financial information 3 Firm objectives and firm behaviourFirm objectivesFirm behaviour4 Entrepreneurship and small/medium-sized enterprises (SMEs)Entrepreneurship and business start-upsDefinition of the small firmThe importance of the small firmThe neglect of small firmsThe renewed interest in small firmsMeasures to help small firmsEuropean Union policy for small firms5 Mergers and acquisitions in the growth of the firmDefinitionsTypes of mergerEconomic theory and merger activityMergers and the public interestMerger boomsThe control of mergers and acquisitionsCorporate restructuring6 OligopolyThe definition and measurement of oligopolyOligopoly in theory and practice7 The multinational corporationWhat is a multinational corporation?How important are the multinationals?Multinationals and the UK economyWhy do companies become multinational?The impact of multinationals on the UK economy8 Privatization and deregulationNature and importanceReasons for nationalizationPrivatizationRegulation and deregulation9 Beyond markets: critical approaches to microeconomicsClassical and neoclassical perspectives on marketsMarkets, prices and economic efficiencyRole of the state in neoclassical economicsInstitutionalist perspectives on marketsPart II: Environmental, regional and social economics10 The economics of the environmentThe role of the environmentSustainable economic welfareValuing the environmentMarket-based and non-market-based incentivesGlobal warming11 TransportThe characteristics of transportThe demand for transportRoad transport congestionGovernment transport policyAirline operations and the growth of low-cost carriers12 Health economicsHealth economics, health and health careHealth inequalititesThe organization of the NHS in EnglandWelfare economics ? Pareto13 Distribution of income and wealthDistribution and justiceIssues in distributionIncome distribution between peopleIncome distribution between factors of productionThe earnings distributionThe distribution of wealthPoverty14 Trade unions, wages and collective bargainingTypes of trade unionTrade union changeThe employersThe governmentThe structure of collective bargainingWage determination and collective bargainingThe effects of collective bargaining15 Corporate social and ethical responsibilityCorporate social responsibility (CSR): definitions and themesCSR: a growth phenomenonCorporate responsibilityCSR perspectives and ethical frameworksCorporate governancePart III: Macroeconomics16 Consumption and savingConsumptionThe Keynesian consumption functionPost-Keynesian theories of the consumption functionThe savings ratio17 InvestmentThe nature of investmentGross Fixed Capital Formation (GFCF)The importance of investment18 Public expenditureTrends in UK public spendingTotal Managed Expenditure (TME)Planning, monitoring and controlThe size of public expenditureExplanations of the growth in public expenditureInternational comparisonsShould public expenditure be restricted?19 TaxationThe taxes that are collected: some taxation conceptsThe pattern of UK taxationDoes the level of taxation matter?Direct versus indirect taxesTax and social security reform20 Money and monetary policyThe nature of moneyFunctions of moneyThe importance of moneyIssues in counting the money stockThe money supply processThe rules versus discretion debateMonetary policy targetsCentral bank credibilityTechniques of monetary policyUK monetary policy since the 1950sThe making of monetary policy in the UKRecent developments in UK monetary policy21 Financial institutions and marketsThe role of the financial systemThe role of financial intermediariesUK financial intermediariesThe Bank of EnglandUK financial marketsThe Bank of England and the sterling wholesale money marketsThe changing UK banking marketAn overview of bank operations and the UK banking collapse22 InflationThe definition and measurement of inflationLow inflation as a policy objectiveThe effects of inflation on economic growthEconomic theory and inflationUK inflationary experience: 1970? 92Inflation targets and central bank independence 1992? 23 UnemploymentUnemployment in the UKInternational comparisonsUnemployment and economic theoryA framework for thinking about unemploymentUnemployment in the OECDUnemployment persistence and hysteresisWhat can be done to reduce unemployment?The great recessionPart IV: International economics24 GlobalizationCharacteristics of ? globalization? Indicators of globalizationGlobalization and corporate strategyDimensions of globalizationAnti-globalization movementsThe US and globalization25 Exchange rates and trade performanceThe foreign exchange marketExchange rate definitionsExchange rate determinationCurrency ? warfare? Economic policy and the exchange rateThe gold standard systemThe IMF systemThe floating exchange rate system26 Free trade, regional trading blocs and protectionismFree tradeTrade and the world economyProtectionism27 The European UnionHistorical backgroundFinance and the EU budgetPolicy areasMonetary union28 The BRIC economies: Brazil, Russia, India and ChinaRise of BRIC economiesChinaIndiaBrazilRussia29 Growth and developmentTheories of economic growthProductivity and growthSustainable developmentGNP data, developed and developing countriesMajor features of less developed countries (LDCs)International Development Targets (IDTs)Urbanization and developing economiesAid, trade and developmentDebt and development30 Managing the global economy: post ? credit crunch? The objectives of policyThe instruments of policyProblems in managing the economyThe theory of economic policyGlobal economic management: post ? credit crunch? Sovereign wealth funds (SWFs) and sovereign debtA guide to sourcesStatistical sourcesInformation sourcesOther applied materialsElectronic mediaInternet sourcesNotes on contributorsIndex

Product Details

  • ISBN13: 9780273736905
  • Format: Paperback
  • Number Of Pages: 728
  • ID: 9780273736905
  • weight: 1170
  • ISBN10: 0273736906
  • edition: 12th edition

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