Description
Book SynopsisNow firmly established as one of the leading economics principles texts in the UK and Europe, the sixth edition of Economics has been fully updated. Much revered for its friendly and accessible approach, emphasis on active learning and unrivalled support resources, this edition features a brand-new chapter on sustainability economics as well as exciting coverage on modern monetary theory, digitization, Industry 4.0 and the costs and benefits of globalization. This title is available with MindTap, a flexible online learning solution that provides students with all the tools they need to succeed including an interactive eReader, engaging multimedia, practice questions, assessment materials, revision aids, and analytics to help you track their progress.
Table of ContentsPart I. Introduction to Economics 1. What is Economics? 2. Thinking Like an Economist Part II. The Theory of Competitive Markets 3. The Market Forces of Supply and Demand 4. Background to Demand: Consumer Choices 5. Background to Supply: The Costs of Production of Firms 6. Background to Supply: Firms in Competitive Markets 7. Consumers, Producers and The Efficiency of Markets Part III. Interventions in Markets 8. Supply, Demand and Government Policies 9. Public Goods, Common Resources and Merit Goods 10. Market Failure and Externalities Part IV. Firm Behaviour and Market Structures 11. Market Structures I: Monopoly 12. Market Structures II: Monopolistic Competition 13. Market Structures III: Oligopoly 14. Market Structures IV: Contestable Markets Part V. Factor Markets 15. The Economics of Factor Markets Part VI. Inequality 16. Income Inequality and Poverty Part VII. Trade 17. Interdependence and the Gains From Trade Part VIII. Heterodox Economics 18. Information and Behavioural Economics 19. Heterodox Theories in Economics Part IX. The Data of Macroeconomics 20. Measuring a Nation���s Wellbeing and the Price Level Part X. The Real Economy in the Long Run 21. Production and Growth 22. Unemployment and the Labour Market Part XI. Long-Run Macroeconomics 23. Saving, Investment and the Financial System 24. The Monetary System 25. Open-Economy Macroeconomics Part XII. Short-Run Economic Fluctuations 26. Business Cycles 27. Keynesian Economics and IS���LM Analysis 28. Aggregate Demand and Aggregate Supply 29. The Influence of Monetary and Fiscal Policy on Aggregate Demand 30. The Short-Run Trade-Off Between Inflation and Unemployment 31. Supply-Side Policies Part XIII. International Macroeconomics 32. Economic Shocks 33. The European Union 34. Sustainability Economics
