Understanding the Economic Environment, 4th edition
Understanding the Economic Environment is written specifically for the Economic Environment 520 prescription in the New Zealand Diploma of Business as well as providing a general introduction to mainstream economics in contemporary New Zealand.
This edition clearly explains and illustrates the essential tools of economic analysis and applies them to a range of contemporary issues.
One Year Subscription Only Terms
Subscribers receive the product(s) listed on the Order Form and any Updates made available during the annual subscription period. Shipping and handling fees are not included in the annual price.
Subscribers are advised of the number of Updates that were made to the particular publication the prior year. The number of Updates may vary due to developments in the law and other publishing issues, but subscribers may use this as a rough estimate of future shipments. Subscribers may call Customer Support at 800-833-9844 for additional information.
Subscribers may cancel this subscription by: calling Customer Support at 800-833-9844; emailing email@example.com; or returning the invoice marked 'CANCEL'.
If subscribers cancel within 30 days after the product is ordered or received and return the product at their expense, then they will receive a full credit of the price for the annual subscription.
If subscribers cancel between 31 and 60 days after the invoice date and return the product at their expense, then they will receive a 5/6th credit of the price for the annual subscription. No credit will be given for cancellations more than 60 days after the invoice date. To receive any credit, subscriber must return all product(s) shipped during the year at their expense within the applicable cancellation period listed above.
A step-by-step introduction to the key elements of economic theory and a general introduction to mainstream economics in contemporary New Zealand
This 4th edition of Understanding the Economic Environment clearly explains and illustrates the essential tools of economic analysis and applies them to a range of current issues in New Zealand.
Students are encouraged to understand and apply the economic principles they are learning and to critically evaluate these principles as they relate to decision-making for business and government economic policy.
The Lexis Nexis Understanding series is renowned for its straightforward layout and logical flow between topics, enabling student to navigate the text with ease. It also includes practical tools and reference materials ideal for revision and exam preparation:
- Clear language
- Business and real-life examples
- Diagrams and flow charts
- Key learnings at the beginning of each chapter
- Revision questions at the end of each chapter
- A comprehensive glossary of key terms
Miller, Understanding Commercial Law, 8th edition, (2014)
Barrett, Understanding Company Law 3rd edition, (2014)
Fisher and Moses, Understanding Accounting Principles 7th edition, (2014)
Table of contents
1. The economic approach
1.1 The economic problem
1.2 The economic way of thinking
1.3 The production possibilities frontier model
1.4 Revision questions
2. The demand and supply model
2.2 Elasticity of demand
2.4 Demand and supply in a market
2.5 Government intervention in the market
2.6 Revision questions
3.1 Profit maximization
3.2 Short-run and long-run costs
3.3 Market structures
3.4 Revenue and profit
3.5 Business strategy
3.6 Revision questions
4. The government and the market
4.1 Allocative efficiency
4.2 Market failure 1: imperfect competition
4.3 Market failure 2: public goods
4.4 Market failure 3: externalities
4.5 Equity vs. efficiency
4.6 Revision questions
5. The economy
5.1 Modelling economic activity
5.2 Measuring economic activity
5.3 The business cycle
5.4 The aggregate demand aggregate supply model
5.5 Revision questions
6. Government policy and the economy
6.1 Economic objectives
6.2 Fiscal policy
6.3 Monetary policy
6.4 Monetary policy and inflation targeting
6.5 Revision questions
7. International trade and the global economy
7.1 Free trade
7.2 Balance of payments
7.3 The foreign exchange market
7.4 New Zealand and the global economy
7.5 Revision questions
For lecturers who prescribe Understanding the Economic Environment for their course, the following resources are available:
• Hi resolution digital Image library (Jpeg files of each graph contained in textbook for lecturers to incorporate into their lecture slides)
• Recent NZ examples of economics in action (Pdf)
• Answers to end of chapter queries (Pdf)
You can download the files here:
Local recent examples PDF
End of chapter answers PDF
Note: To download the files, lecturers are required to enter a password. Lecturer should contact their relationship manager Margaret Broadbent at firstname.lastname@example.org for this information.
Understanding the Economic Environment, 4th edition (eBook)Release Date: December 01, 2015NZD$ 130.00
Understanding Commercial & Company Law (a custom publication) 2019 editionRelease Date: June 01, 2019NZD$ 145.00
Understanding Commercial & Company Law (a custom publication) 2019 edition (eBook)Release Date: June 01, 2019NZD$ 144.99