Help your students think like an economist.

Economics, 11^th edition by Sloman, Garratt, and Guest, is the ultimate guide to the fascinating subject of Economics, with content extensively revised and improved to reflect some of the major issues the world is facing today.

Accessible and easy to follow, the text takes an analytical and critical approach to the subject, by prompting your students to reflect on both the economic problems and opportunities it presents. A comprehensive introduction to the world of economic theory, this leading student text is the ideal support to their learning, encouraging them to adopt the economist way of thinking from theory to practice.

Hallmark Features in This Edition

• The accessible writing style balances micro with macro content for those new to economics, providing numerous examples and questions that will test and reinforce your students' understanding of the field.
• Chapter introductions and a map of content make your teaching plan easier to organise.
• All economic terms are accessible, either highlighted and defined in the text or indexed.
• The wealth of material applied in 170 boxes is ideal for class exercises, aiming to keep your students engaged by showcasing the role of economics in the real world.
• Help your students think like an economist: the fifteen 'Threshold Concepts' help students relate economic concepts together.
• End-of-chapter questions are included for your students to do in class or at home.

New and updated features of this title

• Many new boxes have been included on topical and controversial issues, while the existing ones have been extensively revised. New topics include the market for vaccines, social media influencers, immigration and labour market, worker motivation and behavioural economics.
• Further emphasis and analysis on behavioural economics, both on consumer and business levels, have been given on aspects such as present bias, prospect theory, and bias when making decisions in an uncertain environment.
• The strengthened theoretical coverage reflects and further emphasises up-to-date developments in the field, such as the role of money and banking, debt, or balance sheets, with frequent references to the impact of the COVID-19 pandemic.
• Updates to policy sections reflect changes since the previous edition, emphasising the protection of the environment, the regulation of businesses, and the implications of the COVID-19 pandemic on the well-being of governments.
• Further development on macroeconomic models (IS/MP, DAD/DAS, Phillips Curve) is illustrated and reworks of the Solow model in terms of output per worker.
• A deeper exploration of game theory and further analysis on price discrimination, externalities, and public goods, is developed throughout the book.
• Updated tables and charts are now current as of April 2021.