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This fully updated and revised edition provides Economics students with a clear and comprehensive introduction to the principles of both macroeconomics and microeconomics. The macro sections include more focus on economic growth and contain a variety of global examples including development and the world trading system, the Japanese economy, EU monetary and fiscal policies and transition economies. The micro sections give more prominence to game theory and strategic interaction and include topics such as optimization of agents, market failure and the role of government, asymmetric information and incentives, and risk management. The clear fullcolour layout and enhanced pedagogical features help guide the introductory student through the material. Pedagogy for this edition includes chapter learning objectives, chapter introductions, case studies, chapter summaries, end of chapter questions and a glossary. Nwe to this edition new examples, coffee prices, museum charges, MPC paper on how interest rates work, globalization and poverty, economics of HIV/Aids and economics of tropical rain forests; economic growth is given more prominence in the Macroeconomics section; game theory and strategic interaction are given more prominence in the Microeconomics section; new case studies Argentina and asset price bubbles; and, updated sections Japan and EU monetary and fiscal policies. This edition has a companion web site which contains a high quality, full supplementary package for lecturers and students, including instructors manual, computerised testbank, PowerPoint slides and web links.
⚠️ WARNING (California Proposition 65):
This product may contain chemicals known to the State of California to cause cancer,
birth defects, or other reproductive harm.
I picked up this book for my economics class, and it's really insightful! The way it explains complex theories in a relatable manner has helped me grasp political economy much better. Highly recommended for anyone studying economics!
A
Aisha Leclerc
Great for beginners, lacks depth
As someone new to political economy, this book has been a decent start. It lays out the principles well, but I was hoping for more in-depth analysis. It works for a basic understanding, though!
J
James O'Connor
Solid overview, but a bit dry
The content is quite solid and covers a lot of ground, but I found some chapters a bit dry. It's a good reference for political economy, but you might need supplementary materials to keep it engaging.
C
Chen Wei
Pages were damaged upon arrival
I was really excited to read this book, but unfortunately, it arrived with a few pages damaged. The content seems great, but the packaging could've been better. Disappointed with the shipping!
L
Liam Patel
Excellent resource for debates!
I borrowed this book from a friend and found it incredibly useful for understanding different economic policies. The examples are relevant and help frame discussions in class. Definitely a worthwhile read!
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⚠️ California Proposition 65 Warning: Some products sold on this website may expose you to chemicals known to the State of California to cause cancer, birth defects, or other reproductive harm. For more information, visit www.P65Warnings.ca.gov.
