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Full Description
Economics touches almost every aspect of life: from climate change policy to employee salaries, house prices to how much time one spends studying! Economics, 12th European Edition by Parkin, Powell & Matthews gets you to think like an economist by incorporating the latest policy, data and discussions on important global issues, and enables you to evaluate economic practices to make more informed decisions.
This text offers a thorough overview with clear graphs to represent economic concepts visually, a strong focus on real-world applications, and regular opportunities to check your understanding. Case studies on current issues and features such as 'Economics in Action' showcase how economic theories apply to the latest developments in Europe and the UK, including European debates on offshore outsourcing, consideration of the impacts of food price growth caused by the invasion of Ukraine, and more.
Take the path that all leading economists began on, with this comprehensive textbook.
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MyLab Economics is not included with this title. If you would like to purchase both the physical textbook and MyLab (which also comes with the eBook), search for: 9781292750002 which consists of:
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MyLab Economics
Contents
PART 1: INTRODUCTION
What is Economics?
The Economic Problem
PART 2: HOW MARKETS WORK
Demand and Supply
Elasticity
Efficiency And Equity
Government Actions in Markets
Global Markets in Action
PART 3: HOUSEHOLDS' CHOICES
Utility and Demand
Possibilities, Preferences, and Choices
PART 4: FIRMS AND MARKETS
Organizing Production
Output and Costs
Perfect Competition
Monopoly
Monopolistic Competition
Oligopoly
PART 5: MARKET FAILURE AND GOVERNMENT
Public Choices, Public Goods, and Healthcare
Externalities
PART 6: FACTOR MARKETS, INEQUALITY, AND UNCERTAINTY
Markets for Factors of Production
Economic Inequality
Uncertainty and Information
PART 7: MONITORING MACROECONOMIC PERFORMANCE
Monitoring the Value of Production: GDP
Monitoring Jobs and Inflation
PART 8: MACROECONOMIC TRENDS
Economic Growth
Finance, Saving, and Investment
Money, the Price Level, and Inflation
The Exchange Rate and the Balance of Payments
PART 9: MACROECONOMIC FLUCTUATIONS
Aggregate Supply and Aggregate Demand
Expenditure Multipliers
The Business Cycle, Inflation, and Deflation
PART 10: MACROECONOMIC POLICY
Fiscal Policy
Monetary Policy
