Economics: A Southern African PerspectiveThis text provides an introduction to the central tenets of economic theory. Each section of the book takes the reader from the elementary to the more advanced theories and applications, and is written from a Southern African perspective. |
Contents
BACKGROUND | 3 |
ECONOMIC SYSTEMS | 15 |
A GENERAL ECONOMIC HISTORY | 37 |
THE DEVELOPMENT OF ECONOMIC THOUGHT | 69 |
DEMAND AND SUPPLY | 101 |
ELASTICITY | 139 |
CONSUMER EQUILIBRIUM | 167 |
PRODUCTION | 197 |
PROTECTION POLICY | 437 |
INTERNATIONAL ECONOMIC INTEGRATION | 455 |
INTERNATIONAL TRADE POLICY | 479 |
MONEY | 501 |
MONETARY POLICY | 521 |
DEMAND FOR AND SUPPLY OF MONEY | 545 |
FINANCIAL INSTITUTIONS | 567 |
MARKETS AND INSTRUMENTS | 597 |
THE ECONOMIC CYCLE | 245 |
INDUSTRIAL ECONOMICS | 267 |
INFLATION AND UNEMPLOYMENT | 293 |
NATIONAL ACCOUNTS | 309 |
GOVERNMENT ECONOMICS | 327 |
THE ECONOMIC CYCLE GROWTH AND FORECASTS | 361 |
WHAT IT IS AND WHY IT EXISTS | 385 |
INTERNATIONAL PAYMENTS | 411 |
FINANCIAL MARKETS | 619 |
DEVELOPMENT ECONOMICS | 649 |
DEVELOPMENT POLICY | 677 |
REGIONAL ECONOMICS | 697 |
717 | |
727 | |
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Common terms and phrases
agreement agricultural areas assets balance of payments Bank's budget line buitelandse calculated capital cash chapter commercial banks competition consumer's consumption cost currency D₁ decrease demand curve demand for money deposits determined developing countries discussed domestic economic growth effect elasticity example exchange rate expenditure exports factors of production Figure financial rand fiscal fiscal drag foreign function funds gold growth rate higher important income increase indicates indifference curve industries inflation rate influence interest rates international trade investment Johannesburg Stock Exchange labour land loans long-term manufactured marginal utility member countries ment monetary policy money supply option output P₁ perfect competition population production factors profit quantity demanded rand regional restrictions sector sell shares short-term South Africa Southern African Perspective supply curve surplus Table tariff term theory tion transactions unemployment union units variable various workers