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David King

Publication Date - 02 March 2012

ISBN: 9780199543021

704 pages
9.7 x 7.4 inches

A truly economical text


What sorts of people are unemployed and why? How safe are banks? Should we aim to have no pollution? Why do wages vary so much? Are your students interested in debating the answers to these sorts of questions? This book is.

A refreshingly concise, focused, and straightforward text, Economics covers only essential introductory topics, thereby ensuring that students will not be overwhelmed by unnecessary content. Author David King uses exceptionally clear and engaging explanations--which are also relevant to students' experiences--to make both simple and more complex topics easily understandable. Innovative pedagogy--including "recap" features and convenient summary sections--allows students to peruse the material as desired without sacrificing any understanding of the topics covered.

Economics is accompanied by a Companion Website containing student resources: multiple-choice questions, related links, a flashcard glossary, and solutions to questions in the text. It also provides a test bank, figures from the text, and PowerPoint-based lecture slides for instructors.

Table of Contents

    Part One: Introduction to Economics
    1. The Nature of Economics
    2. Scarcity, Governments and Economics
    Part Two: Microeconomics
    3. Supply and Demand
    4. Elasticity of Demand and Supply
    5. Governments and Markets
    6. Household Behavior
    7. Introducing the Theory of the Firm
    8. Production Functions and Methods
    9. Perfect Competition
    10. Monopoly and Monopolistic Competition
    11. Oligopoly
    12. Governments, Monopolies and Oligopolies
    13. Governments and Resource Allocation
    14. Markets for Labor
    15. Land and Capital
    16. Governments and the Redistribution of Income
    Part Three: Macroeconomics
    17. Introduction to Macroeconomics
    18. The National Accounts
    19. GDP and the Multiplier Model
    20. Money, Banks and Interest Rates
    21. GDP and Prices: The AS-AD model
    22. Unemployment
    23. Inflation and Unemployment
    24. Business Cycles
    25. Economic Growth
    26. Monetary, Fiscal and Supply-side Policies
    27. International Trade
    28. International Payments