Textbook contribution to the "Fundamentals of Economics" published

Christian Hundt and Angelika Krehl (Niederrhein University of Applied Sciences) have contributed the chapter "Fundamentals of Economics" to the textbook "Business Studies and Farm Management" published by Ulmen-Verlag.
In the microeconomics section, the authors elucidate how supply and demand establish market equilibrium, the fundamental principles of welfare economics, and the various forms and control options of market failure.

In the macroeconomics section, they examine the fundamental relationships between consumption, savings, and investment, the functions of money and banks, and the characteristics of aggregate demand and aggregate supply. They also examine the fundamentals of stabilization and growth policy. The authors express their gratitude to Dominik Frankenberg for his vital contribution to this section by generating text elements and figures.

"Fundamentals of Economics" is one of 14 specialist chapters on the economic world of agricultural businesses. The textbook is currently in its 15th edition and is regarded as an essential resource for students attending agricultural colleges and universities.

For more information, visit: https://www.ulmer.de/usd-7734674/wirtschaftslehre-und-betriebsmanagement-.html

Contact: Prof. Dr. Christian Hundt