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MESOECONOMICS: A MICRO-MACRO ANALYSIS

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This is a major, original contribution to economic science, which presents a new vision of economic theory.

Yew-Kwang Ng develops a representative-firm analysis which incorporates elements of micro, macro and general equilibrium while avoiding the disadvantages of these methods. He sheds new light on the effects of economy or industry-wide changes in demand and costs on the average price and aggregate output. This has specific relevance to unemployment, inflation, incomes policies and industrial economics.

The book concentrates on the microeconomics of a representative firm, but takes account of the effects of macroeconomic variables (aggregate demand, aggregate output, the price level) on the demand and cost functions of the firm. This innovative method avoids the fully general equilibrium analysis and retains definite qualitative and even quantitative comparative static results largely lost in a fully general equilibrium analysis. Ng avoids the neglect of aggregate demand and inter-action with other sectors by partial equilibrium microeconomics and the neglect of microeconomic foundation and non-perfect competition by traditional macroeconomics.

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Availability

10000988

330 NGY m

RLC MM (Rak Buku Umum)

Available

Detail Information

Series Title

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Statement of Responsibility

Yew-Kwang Ng

Call Number

330 NGY m

Publisher

New York : Harvester Wheatsheaf., 1986

Collation

xv, 267 p. : ill. ; 22 cm.

Language

English

ISBN/ISSN

0-7450-0800-3

Classification

330

Content Type

-

Edition

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Subject(s)

Buku Umum
Economics
Methodology

Specific Detail Info

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