Economics

Includes index.

Key Features 1.A rigorous text aimed primarily at specialist Economics students and MBA students. 2. Provides comprehensive coverage of introductory macroeconomics and microeconomics. 3. Strong European and international coverage providing a balance of UK, European, and international examples, using contemporary issues to enable students to relate theory to the real world and enhance their learning. 4. Pedagogic features including highlighted definitions of economic terms, short revision questions and updated end of chapter questions with more challenging questions to test learning. 5. A supporting Online Resource Centre includes an Instructor's Manual, PowerPoint slides, self-assessment MCQs with feedback, useful web links and additional case About the Book: Economics: 12th Edition The twelfth edition of this classic text has built upon thesuccess of previous editions and has been thoroughly updated andrevised to give students a deeper understanding and appreciation ofthe core principles of Economics. Suitable for beginners, Economics is accessible but has a rigourthat will stretch readers to achieve their full potential. In-depthexplanations of key theoretical concepts are balanced with a widerange of real-world examples to help students understand and applytheir knowledge. Contents Part 1: Markets and Consumers 1: Economic Issues and Concepts 2: How Economists Work 3: Demand and Supply 4: Elasticity of Demand and Supply 5: Consumer Choice: Indifference Theory Part 2: Markets and Firms 6: The Cost Structure of Firms 7: Perfect Competition 8: Monopoly 9: Imperfect Competition Part 3: Markets for Inputs 10: Demand and Supply of Inputs 11: The Labour Market 12: Capital, Investment, and New Technology Part 4: Government and the Market 13: Successes and Failures of Markets 14: The Role of Government Part 5: Macroeconomics: Issues and Framework 15: Macroeconomic Issues and Measurement 16: A Basic Model of the Determination of GDP in the ShortTerm 17: GDP in an Open