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Full Description
Discover the exciting world of economics and learn to think like an economist, using key concepts and data to analyse solutions to real-world challenges - from international issues to a range of everyday problems that affect us all.
Economics, 12th edition, by expert authors Sloman, Garratt and Guest is an essential resource for all students of economics, providing a thorough grounding in theory and practice and insight into the constantly-changing, often complex issues economists face.
Comprehensive yet accessible, this best-selling student text has been extensively revised to reflect developments shaping the global economy in the 2020s, including rising geopolitical tensions and financial instability, the impacts of the second Trump administration, a slowing move to net zero, the long-term legacy of post-Covid debt, the rise in social media misinformation, and more - developments that present both economic problems and opportunities.
Economics, 12th edition will help you:
Apply economics to real-world issues - 170 case studies and applications show how concepts translate into policy and practice around the world.
Develop critical thinking - questions throughout each chapter encourage you to reflect and engage at a deeper level, building confidence to understand and evaluate different economic policies.
Enhance employability skills - learn to analyse problems, devise your own solutions, and think flexibly and critically, applying core ideas to new situations.
Keep up-to-date - follow the regularly updated news blog that accompanies this textbook for articles, videos, podcasts, and more.
Pair this text with MyLab Economics
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9781292481791 Economics + MyLab Economics (Package) which consists of:
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Students, MyLab should only be purchased when required by an instructor. If MyLab is a recommended component of the course, please check with your instructor for the correct ISBN. Instructors, contact your Pearson representative for more information.
Contents
Part A INTRODUCTION
1 Economics and Economies
Part B FOUNDATIONS OF MICROECONOMICS
2 Supply and Demand
3 Government and the Market
Part C MICROECONOMIC THEORY
4 Background to Demand: the Rational Consumer
5 Consumer Behaviour in an Uncertain World
6 Background to Supply
7 Profit Maximising under Perfect Competition and Monopoly
8 Profit Maximising under Imperfect Competition
9 The Behaviour of Firms
10 The Theory of Distribution of Income
Part D MICROECONOMIC POLICY
11 Inequality, Poverty and Policies to Redistribute Income
12 Markets, Efficiency and the Public Interest
13 Environmental Policy
14 Government Policy towards Business
Part E FOUNDATIONS OF MACROECONOMICS
15 An Introduction to Macroeconomic Issues and Ideas
16 The Development of Macroeconomic Thinking: a Historical Perspective
Part F MACROECONOMIC MODELS, THEORIES AND POLICY
17 Short-run Macroeconomic Equilibrium
18 Banking, Money and Interest Rates
19 The Relationship between the Money and Goods Markets
20 Aggregate Supply, Inflation and Unemployment
21 The Relationship between Inflation, Unemployment and Output
22 Fiscal and Monetary Policy
23 Long-term Economic Growth and Supply-side Policies
Part G THE WORLD ECONOMY
24 International Trade
25 The Balance of Payments and Exchange Rates
26 Economies in an Interdependent World
