Economics Explained 3rd Ed.

Authoritative, yet accessible to all, the revised and fully updated edition of this leading introductory textbook is essential reading for A-level economics students. The book is divided into five main sections: 1. Markets and Models Includes: economic systems, the price system, supply and demand. 2. Market Failure and Governments Inlcudes : government intervention in the economy, environmental and welfare issues, income distribution. 3. The National Economy (Introductory macroeconomics) Includes: national income accounting, aggregate supply and demand, money and financial institutions. 4. Microeconomic Theory Includes: consumer choice, pricing and output decisions, rent, interest and profits. 5. Economic Issues and Policies Includes: growth, competition, monetary policy and inflation, economic development.

Nancy Wall is a well-known author of economics and business studies textbooks for GCE, GCSE and GNVQ. She is a Co-Director of the Nuffield Economics and Business Project and an active member of the Economics and Business Education Association. Danny Myers is a lecturer in economics at the University of the West of England, Bristol. Peter Maunder is an economist based at Leicester University. He is also the Chief Examiner for AS and A-level Economics at Edexcel (London Exams).