Economics, 11th edition

Published by Pearson (March 21, 2022) © 2022

  • John Sloman University of Bristol
  • Jon Guest Aston Business School
  • Dean Garratt Aston Business School
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  • A print copy
  • Free shipping

Features

  • End-of-chapter questions
  • Chapter introductions

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The ideal introduction to the exciting world of economic theory and data analysis.

For students taking a course on the Principles of Economics.

Economics, by Sloman, Garratt, and Guest, is the ultimate guide to the fascinating subject of Economics. The book is essential for the students who want to get a solid understanding of the key concepts in economic theory and practice. With content that is accessible and easy to follow, this latest version will allow you to take your first steps into thinking like an economist.

The latest edition provides valuable insight into the constantly changing and often complex issues that economists face today. The updated comprehensive study material comes with extensive revisions, and the content has been improved, discussing the latest events and developments in the field.

The book touches upon some of the major issues the world is facing in the 2020s from an analytical and critical point of view, prompting you to adopt the economist way of thinking and reflect on both the economic problems and opportunities it presents. Some issues include the effects of the Covid-19 pandemic and aftermath, globalisation, climate emergency facing our planet, the rise in populism and large-scale migration of people across and within continents.

From theory to practical, real-life applications, contemporary issues, and events, this is a leading student text and definitive guide on the principles of Economics.

  • 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
  • Glossary

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