Economics: A Southern African Context, 3E

Economics studies how people, businesses and governments use resources. What shapes our decisions? How do we allocate goods and services? What does a rational choice look like? In this third edition of A Southern African Context, the authors expertly guide us through the key principles of economics, providing a solid foundation in the subject. The text combines relevant Southern African examples with a clear and accessible narrative. By encouraging critical engagement with economic theories, it provides a basis for examining today’s economic, social, and political issues. Key A new structure to refocus the book and align with teaching Additional online chapters, including the Economics of Pandemics, available in Connect Fully updated pedagogy, including Interactive Graphs, Last Word, and Quick Quiz boxes Discussions on new developments in economics, such as the consequences of COVID-19 and the impact of BRICS membership on trade in South Africa Revised end-of-chapter content to test comprehension, including Review Questions, Discussion Questions and Problems, available in Connect A Southern African Context is available with McGraw Hill’s Connect, the online learning platform which features resources to help faculty and institutions improve student outcomes and course delivery efficiency. Jan J. Janse van Rensburg is a lecturer at the University of Pretoria. His main area of interest is in teaching and course development with a focus on Principles of Economics. He also specializes in Health Economics, concentrating on the economic effects and costs of substance abuse.Campbell R. McConnell was a professor at the University of Nebraska-Lincoln, where he taught from 1953 until his retirement in 1990. Stanley L. Brue is a professor at Pacific Lutheran University, where he has been honoured as a recipient of the Burlington Northern Faculty Achievement Award. Sean M. Flynn is an associate professor of economics at Scripps College in Claremont, California.