Economics

This fully updated and revised edition providesEconomics students with a clear and comprehensive introduction to the principlesof both macroeconomics and microeconomics. The macro sections include more focuson economic growth and contain a variety of global examples includingdevelopment and the world trading system, the Japanese economy, EU monetary andfiscal policies and transition economies. The micro sections give moreprominence to game theory and strategic interaction and include topics such asoptimization of agents, market failure and the role of government, asymmetricinformation and incentives, and risk management. The clear full-colour layoutand enhanced pedagogical features help guide the introductory student throughthe material. Pedagogy for this edition includes chapter learning objectives,chapter introductions, case studies, chapter summaries, end of chapter questionsand a glossary. New examples, including: coffee prices,museum charges, MPC paper on how interest rates work, globalization and poverty,economics of HIV/Aids and economics of tropical rain forests Economic g...