Maths for Economics

Simka Stefanova has a background in marketing as well as economics and mathematics. She has taught in a number of institutions of higher education in her native Bulgaria but she has also lectured in several European countries including the UK where she did her masters’ degree. Her research interest has focused on rationality and decision making in which field she has published. She also has wide experience outside of higher education, including managing the production of educational films. She has also been the deputy editor of a national newspaper. She currently teaches at the American College in Sofia and is also a visiting lecturer at the Varna University of Management in Sofia. Ken Heather has a passion for teaching. He has spent a lifetime in higher education teaching a wide range of courses in economics and statistics at both undergraduate and postgraduate level. He has been an editor of an economics journal and is the author of several other textbooks. He has also made several series of educational films in economics, mathematics and statistics, in which he received a Special Commendation from the UK’s Economics Network. Currently he is a Visiting Teaching Fellow at the Varna University of Management in Sofia.

Part 1 Introduction to Economics
1 What is economics?
2 Thinking like an economist
Part 2 Supply and demand: How markets work
3 The market forces of supply and demand
4 Elasticity and its applications
5 Background to demand: Consumer choices
6 Background to supply: Firms in competitive markets
Part 3 Markets, efficiency and welfare
7 Consumers, producers and the efficiency of markets
8 Supply, demand and government policies
Part 4 The economics of the public sector
9 The tax system
Part 5 Inefficient market allocations
10 Public goods, common resources and merit goods
11 Market failure and externalities
12 Information and behavioural economics
PAart 6 Firm behaviour and market structures
13 Firms’ production decisions
14 Market structures I: Monopoly
15 Market structures II: Monopolistic competition
16 Market structures III: Oligopoly
Part 7 Factor markets
17 The economics of factor markets
Part 8 Inequality
18 Income inequality and poverty
Part 9 Trade
19 Interdependence and the gains from trade
Macroeconomics prologue
Part 10 The data of macroeconomics
20 Measuring a nation’s well-being
21 Measuring the cost of living
Part 11 The real economy in the long run
22 Production and growth
23 Unemployment
Part 12 Interest rates, money and prices in the long run
24 Saving, investment and the financial system
25 The basic tools of finance
26 Issues in Financial Markets
27 The Monetary System
28 Money growth and inflation
PAart 13 The macroeconomics of open economies
29 Open-economy macroeconomics: Basic concepts
30 A macroeconomic theory of the open economy
PAart 14 Short-run economic fluctuations
31 Business cycles
32 Keynesian economics and IS-LM analysis
33 Aggregate demand and aggregate supply
34 The influence of monetary and fiscal policy on aggregate demand
35 The short-run trade-off between inflation and unemployment
36 Supply-side policies
Part 15 International macroeconomics
37 Common currency areas and European monetary union
38 The financial crisis and sovereign debt