Essentials of Economics, is the market leading concise text in introductory economics. In this new edition, John Sloman continues to engage you in learning economics with his well-loved, warm writing style and plenty of examples drawn from the real world.
A wealth of current and topical examples and cases to provide the link between economic theory and the real world.
Learning features integrated throughout the text, including questions, definitions, web references and summaries. These will help consolidate what you have learnt in each chapter.
Review questions with answers in each chapter to test your understanding.
New to This Edition
NEW! Full colour design to bring the subject to life.
Many new case studies and expanded coverage of various topics, including game theory in Chapter 4, the role of money and interest rates in the economy in Chapter 8 and inflation targeting in Chapters 9 and 10.
NEW! Explanations to accompany many of the diagrams to ensure full understanding of a concept.
NEW! The identification of various Threshold Concepts that are key to helping you think like an economist.
Table of Contents
Preface Introduction: Economic Issues PART A: MICROECONOMICS 1. Markets, demand and supply 2. Markets in action 3. The supply decision 4. Market structures 5. Wages and the distribution of income 6. Market failures and government policy PART B: MACROECONOMICS 7. The national economy 8. Money and interest rates 9. Unemployment, inflation and growth
10. Macroeconomic Policy
PART C: INTERNATIONAL ECONOMICS 11. International trade 12. Balance of payments and exchange rates Answers to odd numbered end-of-chapter questions Web appendix Glossary and key ideas Index
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