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Understanding the market economy

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Abstract

Introduction. Part I: The Economic Problem. 1: Production and distribution. 2: Supply and demand. 3: Economic adjustment. 4: The interplay of aggregate supply and demand in a market economy. 5: The workings of a planned economy. Part II: The Workings of a Market Economy. 6: Prerequisites for a market economy. 7: Challenges posed by the market. 8: Dilemmas and problems in a market economy. 9: Why the market nevertheless is useful. Part III: Public Finance? Money, Capital, Labour, and International Trade. 10: The political economy of public finance. 11: The role of money. 12: A closer look at the capital market. 13: The labour market in a competitive economy. 14: International trade. Part IV: Privatization, Accounting, and Challenges for the Future. 15: Privatization in Central and Eastern Europe. 16: Elements of accounting. 17: From plan to market - the challenges. Index

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Introduction. Part I: The Economic Problem. 1: Production and distribution. 2: Supply and demand. 3: Economic adjustment. 4: The interplay of aggregate supply and demand in a market economy. 5: The workings of a planned economy. Part II: The Workings of a Market Economy. 6: Prerequisites for a market economy. 7: Challenges posed by the market. 8: Dilemmas and problems in a market economy. 9: Why the market nevertheless is useful. Part III: Public Finance? Money, Capital, Labour, and International Trade. 10: The political economy of public finance. 11: The role of money. 12: A closer look at the capital market. 13: The labour market in a competitive economy. 14: International trade. Part IV: Privatization, Accounting, and Challenges for the Future. 15: Privatization in Central and Eastern Europe. 16: Elements of accounting. 17: From plan to market - the challenges. Index

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Introduction. Part I: The Economic Problem. 1: Production and distribution. 2: Supply and demand. 3: Economic adjustment. 4: The interplay of aggregate supply and demand in a market economy. 5: The workings of a planned economy. Part II: The Workings of a Market Economy. 6: Prerequisites for a market economy. 7: Challenges posed by the market. 8: Dilemmas and problems in a market economy. 9: Why the market nevertheless is useful. Part III: Public Finance? Money, Capital, Labour, and International Trade. 10: The political economy of public finance. 11: The role of money. 12: A closer look at the capital market. 13: The labour market in a competitive economy. 14: International trade. Part IV: Privatization, Accounting, and Challenges for the Future. 15: Privatization in Central and Eastern Europe. 16: Elements of accounting. 17: From plan to market - the challenges. Index

Key concepts: Economics, Market economy, Business, Economy

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