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The Eighth edition of Economics contains the most up-to-the minute coverage and uses the latest data to track and analyse the impact of the global financial crisis on our economy.
‘Economics’ is popular for its active learning and student-friendly approach, and the new edition retains its classic features that provide a solid foundation for the study of economics, while covering much of the recent turmoil in the economy.
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About the author
Part A Introduction
1 Introducing Economics
Part B Foundations of Microeconomics
2 Supply and Demand
3 Markets in Action
Part C Microeconomic Theory
4 Background to Demand
5 Background to Supply
6 Profit Maximising under Perfect Competition and Monopoly
7 Profit Maximising under Imperfect Competition
8 Alternative Theories of the Firm
9 The Theory of Distribution of Income
Part D Microeconomic Policy
10 Inequality, Poverty and Policies to Redistribute Income
11 Markets, Efficiency and the Public Interest
12 Environmental Policy
13 Government Policy towards Business
Part E Foundations of Macroeconomics
14 The National Economy
15 Macroeconomic Issues and Analysis: an Overview
Part F Macroeconomics
16 The Roots of Modern Macroeconomics
17 Short-run Macroeconomic Equilibrium
18 Money and Interest Rates
19 The Relationship between the Money and Goods Markets
20 Fiscal and Monetary Policy
21 Aggregate Supply, Unemployment and Inflation
22 Long-term Economic Growth
23 Supply-side Policies
Part G The World Economy
24 International Trade
25 The Balance of Payments and Exchange Rates
26 Global and Regional Interdependence
27Economic Problems of Developing Countries
Appendix 1: Some Techniques of Economic Analysis
Appendix 2: Websites
Threshold Concepts and Key Idea
- New sections on behavioural economics in Chapters 4 and 8 and coverage elsewhere to reflect the growing interest in this branch of economics.
- Comprehensive coverage of the credit crunch, the subsequent global recession, the legacy of debt, the faltering recovery in the global economy and the policy debates about tackling the problems.
- Full updating throughout, including many new case studies in boxes and a thorough examination of recent data and policies.
John Sloman is Director of the Economics Network, the economics subject centre of the Higher Education Academy. Economics Network is based at the University of Bristol. John is also Visiting Professor at the University of the West of England, Bristol.
Alison Wride is Deputy Director of the University of Exeter Business School and an Associate Professor in Economics.
Dean Garratt is senior lecturer in economics at Nottingham Trent University