Economics Explained

Authoritative, yet accessible to all, the revised and fully updated edition of this leading introductory textbook is essential reading for A-level economics students. The book is divided into five main 1. Markets and Models economic systems, the price system, supply and demand. 2. Market Failure and Governments Inlcudes : government intervention in the economy, environmental and welfare issues, income distribution. 3. The National Economy (Introductory macroeconomics) national income accounting, aggregate supply and demand, money and financial institutions. 4. Microeconomic Theory consumer choice, pricing and output decisions, rent, interest and profits. 5. Economic Issues and Policies growth, competition, monetary policy and inflation, economic development.