Rigorous text aimed
primarily at the specialist Economics student and MBA student
Comprehensive coverage of
introductory macroeconomics and microeconomics
Strong European and
International coverage
Fully updated to include a
new chapter on 'Growth and Cycles', new and revised case material with new real world
examples, revised end of chapter questions and new mathematical appendices
Redesigned full colour
layout with enhanced pedagogical features, chapter learning objectives, chapter
introductions, case studies, chapter summaries, end of chapter questions and a glossary
High quality companion web
site which will include an instructor's manual, a computerised testbank, PowerPoint slides
and useful web links.
This fully updated and
revised edition provides Economics students with a clear and comprehensive introduction to
the principles of both macroeconomics and microeconomics. The macro sections include more
focus on economic growth and contain a variety of global examples including development
and the world trading system, the Japanese economy, EU monetary and fiscal policies and
transition economies. The micro sections give more prominence to game theory and strategic
interaction and include topics such as optimization of agents, market failure and the role
of government, asymmetric information and incentives, and risk management. The clear
full-colour layout and enhanced pedagogical features help guide the introductory student
through the material.
Readership: First and second level Economics undergraduates and postgraduates
Table of Contents
1 Economic Issues and
Concepts
2 How Economists Work
Part 1: An Introduction to
the Market Economy3 Demand, Supply and Price
4 Elasticity of Demand and
Supply
5 Price Theory in Action
Part 2: Consumers and
Producers6 Demand analysis I: Marginal Utility
7 Demand analysis II:
Indifference Theory
8 The Cost Structure of
Firms in the Short Run
9 The Cost Structure of
Firms in the Long Run
10 Perfect Competition
11 Monopoly
12 Imperfect Competition
13 Economics of Risk
14 Markets and Firms in
Action
Part 3: Markets for Inputs15
Demand and Supply of Inputs
16 The Labour Market
17 Capital and Natural
Resources
18 Resource Allocation in
Action
Part 4: The Government in
the Economy19 Market Sucess and Market Failure
20 Government Sucess and
Government Failure
Part 5: Macroeconomics:
Growth and Cycles21 Macroeconomic Issues and Measurement
22 Economic Growth
23 A Basic Model of the
Determination of GDP in the Short Run
24 GDP in an Open Economy
with Government
25 GDP and the Price Level
in the Short Run
26 GDP and the Price Level
in the Long Run
Part 6: Macroeconomic Policy
in a Monetary Economy27 Money and Monetary Institutions
28 The Role of Money in
Macroeconomics
29 The Balance of Payments
and Exchange Rates
30 Macroeconomic Policy in
an Open Economy
Part 7: Global Economic
Issues31 Inflation
32 Employment and
Unemployment
33 International Trade
34 Economics of Developing
and Transition Countries
35 Global Macroeconomics in
Actio
696 pages