Modern economics : an introduction for business and professional students / Jack Harvey.

Preface to the first edition, xii -- Preface to the fifth edition, xiv -- Guidance to the student, xv -- I. Introduction, 3 -- 1. What economics is about, 3 -- 2. Methods of allocating resources, 15 -- II. What to produce, 27 -- 3. How price is formed in the free market, 27 -- 4. Applications of demand and supply analysis, 45 -- 5. A further look at demand, 53 -- III. How to produce-the theory of production, 73 -- 6. The firm, 73 -- 7. The organisation and scale of production, 100 -- 8. The distribution of goods to the consumer, 111 -- 9. The Location of production, 121 -- 10. Combining the factors of production, 126 -- 11. Deciding on the most profitable output, 132 -- 12. The supply curve of the industry under perfect competition, 149 -- 13. Monopoly, 163 -- 14. Imperfect competition, 184 -- IV. For whom? how the factors of production are rewarded - the theory of distribution, 195 -- 15. The marginal productivity theory of distribution, 195 -- 16. Labour and wages, 203 -- 17. Capital and interest, 223 -- 18. Land and rent, 229 -- 19. Entrepreneurship and profit, 238 -- V. Money and financial institutions, 247 -- 20. Money and the rate of interest, 247 -- 21. The money markets and the capital market, 262 -- 22. Commercial banks, 278 -- 23. The Bank of England, 286 -- VI. The government and the economy, 295 -- 24. The National Income, 295 -- 25. Full employment: a survey of the problem, 312 -- 26. Cyclical fluctuations in income and employment, 318 -- 27. Inflation, 354 -- 28. Regional and occupational unemployment, 367 -- 29. Government finance, 377 -- VII. International trade, 397 -- 30. The nature of international trade, 397 -- 31. The balance of payments, 412 -- 32. Foreign exchange rates, 420 -- 33. The correction of a balance-of-payments disequilibrium, 425 -- 34. The European economic community, 437 -- VIII. Some current economic problems of the UK, 449 -- 35. The Population of the UK, 449 -- 36. Growth, the balance of payments, inflation and unemployment, 465 -- Index, 481.