This is a concise text for non-specialist students taking one semester economics modules. The new edition offers the proven consistency, quality, and clarity of the parent text, Economics 7th Edition, the "student bible" in the discipline. Maintaining these strengths, the structure and coverage of the second edition have been tailored to provide more depth and focus on the basic concepts of a short introductory economics module. Expanded sections focus on key topics, explaining economic principles in clear, non-technical language, ideal for students from a variety of non-quantitative disciplines, such as social sciences and business studies. - Each chapter is divided into sections with learning outcomes, recap sections and assessment questions. This allows topics to be dealt with in self-contained sections and gives lecturers the flexibility to select topics from within chapters, as well as helping students to digest the material. - New and updated applications and boxes feature current and topical examples from the Financial Times, World Bank, OECD, and IMF reports, and other current and authoritative sources.
New boxes offer topical and thought-provoking examples, for instance, on the value of brands, the telecommunications industry, online piracy, package holidays, footballers' wages in the Premiership, and other examples of economic principles in action. - Suggested answers to the chapter-by-chapter questions are given at the end of the text, to help students to apply and evaluate economic tools and test their understanding as they progress. Also new to this edition is a full glossary, helpful to students when checking and revising key terms.
This is a concise text for non-specialist students taking one semester economics modules. The new edition offers the proven consistency, quality, and clarity of the parent text, Economics 7th Edition, the "student bible" in the discipline. Maintaining these strengths, the structure and coverage of the second edition have been tailored to provide more depth and focus on the basic concepts of a short introductory economics module. Expanded sections focus on key topics, explaining economic principles in clear, non-technical language, ideal for students from a variety of non-quantitative disciplines, such as social sciences and business studies. - Each chapter is divided into sections with learning outcomes, recap sections and assessment questions. This allows topics to be dealt with in self-contained sections and gives lecturers the flexibility to select topics from within chapters, as well as helping students to digest the material. - New and updated applications and boxes feature current and topical examples from the Financial Times, World Bank, OECD, and IMF reports, and other current and authoritative sources.
New boxes offer topical and thought-provoking examples, for instance, on the value of brands, the telecommunications industry, online piracy, package holidays, footballers' wages in the Premiership, and other examples of economic principles in action. - Suggested answers to the chapter-by-chapter questions are given at the end of the text, to help students to apply and evaluate economic tools and test their understanding as they progress. Also new to this edition is a full glossary, helpful to students when checking and revising key terms.
1 What is economics?
2 Demand and supply decisions
3 Costs, supply, and perfect competition
4 Market structure and imperfect competition
5 Input markets and income distribution
6 Governing the market
7 The income and output of nations
8 Money, interest rates, and output
9 Aggregate supply, inflation, and unemployment
10 Open economy macroeconomics
11 Growth and cycles
12 Trade and development
David Begg is Principal of the Tanaka Business School at Imperial College London. He has been a Research Fellow of the Centre for Economic Policy Research (a network of leading European economists) since its inception in 1984. David's research focuses mainly on monetary policy, exchange rates, monetary union, and economic transition. He is a Research Fellow of the Centre for Economic Policy Research. He co-authored several of the CEPR annual reports in the series he helped found: Monitoring the European Central Bank, and Monitoring European Integration. The 1997 MEI Report, EMU: Getting the Endgame Right, changed the policy that the European Union adopted to launch the euro in 1999. He was also founding Managing Editor of Economic Policy, now an official journal of the European Economic Association.
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