Economics: A Southern African Perspective
This 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.
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A GENERAL ECONOMIC HISTORY
THE DEVELOPMENT OF ECONOMIC THOUGHT
DEMAND AND SUPPLY
INTERNATIONAL ECONOMIC INTEGRATION
INTERNATIONAL TRADE POLICY
DEMAND FOR AND SUPPLY OF MONEY
MARKETS AND INSTRUMENTS
INFLATION AND UNEMPLOYMENT
THE ECONOMIC CYCLE GROWTH AND FORECASTS
WHAT IT IS AND WHY IT EXISTS
agreement agricultural areas assets balance of payments Bank's budget line calculated capital cash chapter commercial banks competition consumer's consumption cost currency 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 means member countries ment monetary policy money supply option output perfect competition population problems 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