Economics

This fully updated and revised edition provides Economics students with a comprehensive introduction to economics. It covers both macroeconomics and microeconomics and explains the principles of economics clearly. Now with redesigned layout in full colour, the book is very accessible and is divided into distinct parts, which cover, introduction to the market economy, consumers and producers, markets for inputs, market success and market failure, macroeconomics: growth and cycles, macro policy in a monetary economy and global economics issues. Traditionally, a book with a strong European and international focus, this edition has built on this strength and contains a variety of new international examples. The book has enhanced pedagogical features which include chapter learning objectives, chapter introductions, case studies, chapter summaries, end of chapter questions and a glossary. These will help guide the introductory student clearly and logically, through the material. NEW TO THIS EDITION New examples, including: coffee prices, museum charges, MPC paper on how interest rates work, globalization and poverty, economics of HIV/Aids and economics of tropical rain forests Economic growth is given more prominence in the Macroeconomics section Game theory and strategic interaction are given more prominence in the Microeconomics section New case studies on: Argentina and asset price bubbles Updated sections on: Japan and EU monetary and fiscal policies COMPANION WEB SITE This edition has a companion web site which contains a high quality, full supplementary package for lecturers and students, including instructor's manual, computerised testbank, PowerPoint slides and web links.

Professor Richard Lipsey is Professor Emeritus in the Economics department at Simon Fraser University in Canada Professor Alec Chrystal is at the Sir John Cass Business School, London