Student textbook, focusing on the application of economic theory. A Student Handbook is available to accompany this text.
Price Determination Versus Price Discovery. Correcting for Inflation--The Use of Index Numbers. Price Movements Over Time--Analysis of Trends. Simple Linear Regression and the Estimation of Trends. Price Movements Over Time--Cycles. Measuring Cycles. Price Movements Over Time--Seasonality. Supply--Demand Relationships--Supply. Supply--Demand Relationships--Demand. Demand and Elasticity. Estimation of Demand and Supply--Multiple Graphic Correlation. Estimation of Demand and Supply--Regression Revisited. Marketing Margins. Market Structure--Pure Competition. Market Structure--Monopoly and Monopsony. Market Structure--Oligopoly and Oligopsony. Index.