About the book

Much revered for its friendly and accessible approach, emphasis on active learning, and unrivalled support resources, this edition also has an improved structure to ensure the text aligns even more closely with your course. The new edition incorporates additional coverage of a number of key topics including the rapidly developing ‘gig economy’ and the future of the European Union, to help develop your understanding of Brexit and its potential impact on economics.

Content:

PART 1 Introduction to economics

1 What is economics?

2 Thinking like an economist

3 The market forces of supply and demand

PART 2 The Data of Macroeconomics 

4 Measuring a nation’s well-being and the price level

PART 3 The Real Economy in the Long Run 

5 Production and growth

6 Unemployment and the labour market

PART 4 Long-Run Macroeconomics 

7 Saving, investment and the financial system

8 The monetary system

9 Open-economy macroeconomics

PART 5 Short-Run Economic Fluctuations 

10 Business cycles

11 Keynesian economics and IS–LM analysis

12 Aggregate demand and aggregate supply

13 The influence of monetary and fiscal policy on aggregate demand

14 The short-run trade-off between inflation and unemployment

15 Supply-side policies

Part 6 International Macroeconomics

16 The causes and aftermath of the financial crisis

17 Common currency areas

18 The future of the European Union