Economics for an open economy : Ireland / [printed text] / Desmond Norton, Author ; Alan Matthews, Author ; Martin Kenneally, Author ; Patrick McNutt, Author ; Rory O'Donnell, Author . - Dublin : Oak Tree Press in association with Graduate School of Business, University College Dublin, 1994 . - xx, 627p. : ill. ; 24cm.
ISBN : 978-1-872853-38-3

Class number:	330
Abstract:	Although policymakers, their advisers and others will find this book extremely useful, Economics for an Open Economy is primarily a textbook for third level students in a small open economy such as Ireland's. It covers microeconomics, macroeconomics and international economics in detail, and is ideal for introductory courses at undergraduate level, for graduate students enrolled in MBA degree programmes and for others pursuing professional qualifications such as accounting or banking. The focus of the book is on providing a sound basis for understanding the kind of open economy in which we live, and for assessing the scope and effectiveness of public policies. Economics can only be properly learned through a thorough understanding of the key concepts involved, and Irish students in particular will benefit greatly from a book explaining those concepts in an Irish and European context.
Contents note:	Part 1 The scope and method of economics 1. The scope of economics; 2. The method of economics. Part 2 Supply and demand 3. Introductory; 4. Supply and demand in perfectly competitive markets; 5. Elasticities of supply and demand; 6. General applications of supply and demand analysis; 7. Supply and demand applied to agriculture; 8. Agricultural policy in the European Union Part 3 Macroeconomic analysis 9. The national accounts; 10. A simple model of income determination: the goods market; 11. Extensions of the simple model; 12. The money market; 13. Inflation: An incomplete analysis; 14. Interaction of aggregate supply and aggregate demand: the main issues; 15. The balance of international payments and exchange rates; 16. Policy issues in small open economies. Part 4 Higher level macroeconomic theory 17. Demand-side in a closed economy: IS and LM; 18. Demand-side in an open economy: IS, LM and BP; 19. Derivation of the aggregate demand function, AD= AD(P); 20. Aggregate supply once again(and aggregate demand) Part 5 Money and banking, and macroeconomic policy issues in Ireland 21. Monetary policy in Ireland: analytical considerations; 22. Monetary policy in Ireland: operational considerations; 23. Aspects of demand-side and supply-side policies in Ireland Part 6 Microeconomic analysis: 24. The theory of demand; 25. The firm: production and costs; 26. Equilibrium of the firm and industry under perfect competition; 27. Departure from perfect competition; 28. Economic law and competition policy in Ireland; 29. The factor market and distribution theory; 30. Overview of the market mechanism Part 7 International economics 31. The gains from international trade; 32. Evolution of the international monetary system; 33. European integration