This new edition of the market-leading Essentials of Economics has been updated with the most recent data and coverage of economic issues as the world tries to recover from global financial turmoil and looks at explanations of how consumers and firms really behave. Its classic features and clear and engaging writing style is complemented by strong theoretical coverage and a wealth of pedagogical features to support learning.
In bringing economics alive and applying economic ideas and principles to the real world, the seventh edition of Essentials of Economics contains a great deal of applied material. Consequently, there have been considerable revisions from the previous editions to reflect contemporary issues, debates and policy interventions. In particular, this has meant further extensive updating of the macroeconomic chapters.