<h3><strong>Introduce your students to the fundamental principles of Economics from theory to action with this market-leading text.</strong></h3>
<p><strong>Essentials of Economics, 8<sup>th</sup> edition</strong> is the latest version of the ultimate guide in the field, thoroughly updated to reflect the latest changes in all major socio-economic issues.</p>
<p>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.</p>
<p>The application of theory to real-life examples, and the variety of case studies, questions, and problems further support your students&rsquo; understanding of core economic theories and concepts.</p>


<div class="c-section-headers-number-list_container">
<div>
<h4 class="h5">Brief contents</h4>
<h4 class="h5">About the authors</h4>
<h4 class="h5">Preface</h4>
<h4 class="h5">Student and lecturer resources</h4>
<h4 class="h5">Acknowledgements</h4>
<h4 class="h5">Publisher's acknowledgements</h4>
<h3>Part A INTRODUCTION</h3>
<ol>
<li>Economic issues</li>
</ol>
<h3>Part B MICROECONOMICS</h3>
<ol start="2">
<li>Markets, demand and supply</li>
<li>Markets in action</li>
<li>The demand decision</li>
<li>The supply decision</li>
<li>Market structures</li>
<li>Wages and the distribution of income</li>
<li>Market failures and government policy</li>
</ol>
<h3>Part C MACROECONOMICS</h3>
<ol start="9">
<li>Aggregate demand and the business cycle</li>
<li>Aggregate supply and economic growth</li>
<li>The financial system, money and interest rates</li>
<li>Output, unemployment and inflation</li>
<li>Macroeconomic policy</li>
</ol>
<h3>Part D INTERNATIONAL ECONOMICS</h3>
<ol start="14">
<li>Globalisation and international trade</li>
<li>Balance of payments and exchange rates</li>
</ol>
<h4 class="h5">Websites appendix</h4>
<h4 class="h5">Key ideas and glossary</h4>
<h4 class="h5">Index</h4>
</div>

<h3><strong>Learn today's fundamental principles of Economics from theory to action with this market-leading text.</strong></h3>
<p><strong>Essentials of Economics, 8<sup>th</sup> edition</strong> is the latest version of the ultimate guide in the field, thoroughly updated to reflect the latest changes in all major socio-economic issues.</p>
<p>This edition is designed to help you get a clear understanding of today's economic topics, behaviour, and choices from theory to action, and encourages you to think and act like an economist.</p>
<p>The application of theory to real-life examples, and the variety of case studies, questions, and problems further support your understanding of the core economic theories and concepts.</p>
<p><strong>This edition includes a <a href="https://wps.pearsoned.co.uk/ema_uk_he_sloman_essentials_8e/"><strong>Companion Website</strong></a>.</strong></p>


<p>Why study economics?</p><p>Economic decisions are central to societies, firms, governments and individuals</p><p><br/></p><p>Our lives are dominated by our economic situation. Some people are rich; others are poor. Some people have good jobs; others just get paid minimum wages; others are unemployed. Some people spend their money wisely; others waste money. </p><p><br/></p><p>We are also affected by government economic policy. Governments choose how much to tax us and in what way; they choose how much to spend and on what. They try to manage the economy to achieve economic growth, falling unemployment and a stable financial system; but political parties often disagree on the best way to do this.</p><p><br/></p><p>Economists advise governments, firms, charities and other interest groups on how best to achieve their objectives. Their advice is crucial to good decision making: to making the best choices between alternatives.</p><p>But to give good advice requires understanding issues and assessing evidence. Studying economics helps you to do this &#8211; to become a better problem solver.</p><p><br/></p><p>Being good at analysing and solving problems makes economists employable. In fact, graduates who have studied economics are highly sought after by employers and can command high salaries.</p><p>&nbsp;</p><p>This book looks at the key economic issues of today; from economic growth to recessions and unemployment; from trade to Brexit; from wages and employment to inequality and poverty; from producing more to caring for the environment; from competition to the domination of markets by powerful firms; from government spending more on what we need to tackling budget deficits. </p><p><br/></p><p>The book is full of case studies and examples and opportunities for you to reflect on your learning. It helps you to develop the skills and knowledge to make you a more effective employee and a more informed member of society.</p><p>Economics is exciting and relevant to us all &#8211; as you&#8217;ll discover in the pages of this book. </p><p>&nbsp;</p><p>John Sloman and Dean Garratt<br/><br/>&nbsp;</p>

<p>Brief contents<br/>About the authors <br/>Preface <br/>Student and lecturer resources <br/>Acknowledgements <br/>Publisher&#8217;s acknowledgements <br/>Part A INTRODUCTION<br/>1 Economic issues <br/>Part B MICROECONOMICS<br/>2 Markets, demand and supply <br/>3 Markets in action <br/>4 The demand decision <br/>5 The supply decision <br/>6 Market structures <br/>7 Wages and the distribution of income <br/>8 Market failures and government policy<br/>Part C MACROECONOMICS<br/>9 Aggregate demand and the business cycle <br/>10 Aggregate supply and economic growth <br/>11 The financial system, money and interest rates <br/>12 Output, unemployment and inflation <br/>13 Macroeconomic policy <br/>Part D INTERNATIONAL ECONOMICS<br/>14 Globalisation and international trade <br/>15 Balance of payments and exchange rates <br/>Websites appendix <br/>Key ideas and glossary </p><p>Index </p>

John Sloman

Dean Garratt

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