Essentials of Economics, is the market leading concise text in introductory economics. In this new edition, John Sloman continues to engage you in learning economics with his well-loved, warm writing style and plenty of examples drawn from the real world.
A wealth of current and topical examples and cases to provide the link between economic theory and the real world. Learning features integrated throughout the text, including questions, definitions, web references and summaries. These will help consolidate what you have learnt in each chapter.
Review questions with answers in each chapter to test your understanding.
Introduction: Economic Issues
PART A: MICROECONOMICS
1. Markets, demand and supply
2. Markets in action
3. The supply decision
4. Market structures
5. Wages and the distribution of income
6. Market failures and government policy
PART B: MACROECONOMICS
7. The national economy
8. Money and interest rates
9. Unemployment, inflation and growth
10. Macroeconomic Policy
PART C: INTERNATIONAL ECONOMICS
11. International trade
12. Balance of payments and exchange rates
Answers to odd numbered end-of-chapter questions
Glossary and key ideas
About the author
John Sloman is Director of the Economics Network – the Economics subject centre of the Higher Education Academy. The Economics Network is based at the University of Bristol. John is also Principal Lecturer in the School of Economics at the University of the West of England.