First published in 1971, Demand and Supply is an introduction to the economics of resource allocation, often known as micro-economics. Ralph Turvey examines how the economy really works and does not just give the economists’ textbook version, which oversimplifies technology and exaggerates the importance of prices in adjusting supply and demand. Instead of offering theoretical diagrams and imaginary examples, he refrains from expounding those ideas that cannot be simply demonstrated or applied. But he includes sections on retail margins, urban land values, and the value of time – topics rarely dealt with in beginner’s books. Some examples of the examples are: university teachers’ pay; cotton spinning costs; pricing of tin cans; demand for farm tractors; newspaper economics; competition in the bus industry. This is the kind of economics used in practice and rests on down to earth fact finding. This book will be useful for both general readers and A- level and first year university students.
By:
Ralph Turvey
Imprint: Routledge
Country of Publication: United Kingdom
Dimensions:
Height: 216mm,
Width: 138mm,
Weight: 399g
ISBN: 9781032254463
ISBN 10: 1032254467
Series: Routledge Revivals
Pages: 125
Publication Date: 30 April 2022
Audience:
College/higher education
,
General/trade
,
Primary
,
ELT Advanced
Format: Hardback
Publisher's Status: Active
Preface 1. Consumer Demand 2. Distributors’ Margins on Consumer Goods 3. Producer Demand 4. Costs 5. Competition 6. Equilibrium, Prices, Demand and Supply 7. Demand and Supply in Labour Markets 8. The Relative Prices of Different Manufactured Goods 9. The Value of Time and the Relative Price of Services 10. The Relative Price of Urban Space Conclusion Index
