Essentials of Economics, 8th edition

Introduce your students to the fundamental principles of Economics from theory to action with this market-leading text.

Essentials of Economics, 8^th edition is the latest version of the ultimate guide in the field, thoroughly updated to reflect the latest changes in all major socio-economic issues.

This edition is designed to help your students get a clear understanding of today's economic topics and behaviour from theory to action and supports your teaching as you encourage them to think like an economist.

The application of theory to real-life examples, and the variety of case studies, questions, and problems further support your students’ understanding of core economic theories and concepts.

Hallmark features of This Title

A clear structure with an engaging writing style and friendly layout.

• Short paragraphs aid rapid comprehension and provide maximum clarity, with the key ideas highlighted and explained.
• Clear chapter-opening pages define the learning objectives and comprehensive summaries at the end of each section offer a synopsis and help your students with their reading and revision process.

A series of pedagogical features that help your students apply theory to practice.

• A variety of boxes in each chapter include case studies and applications to support your students' understanding of the topics.
• 'Pause for Thought' questions integrated into the text challenge your students' comprehension and critical thinking skills, reflecting on what they have read.

New and updated features of this title

Revised and renewed, simplified structure that provides better understanding to your students.

• Restructuring of the opening of two macroeconomic chapters enhances the treatment of the business cycle and of long-run economic growth.
• Simplified content better reflects the nature of the topics introduced in the text.
• Extensive revision and updating of the microeconomic chapters include rework in many of the boxes, tables, and charts, with many new examples now added to the text.

Extensively revised content reflects recent changes and contemporary developments in the field.

• Enhanced and strengthened economic analysis throughout the book reflects the development of economic thinking.
• Extensive revision of the content focuses on behavioural economics.
• New chapter on the treatment of consumer demand expands on the subject, as part of the revised content on behavioural economics.
• Extensive update throughout the book covers the issues of globalisation and financialisation.
• Considerable expansion in the topics of money and banking reflects recent developments in the field and their impact on the economy.
• Revision on the policy sections, considering the changes that have taken place since the last edition, including the implications of the Brexit vote and various economic policies pursued by the Trump administration.