Economics by Begg, Fischer and Dornbusch is the definitive economics textbook, providing students with the essential coverage for their economic principles course. Thoroughly revised and updated, the new edition features:
New Activity Boxes in every chapter, to encourage students to apply their learning in a real-world context
New and updated example boxes in every chapter, drawn from companies and products such as easyJet, iPod and Skype and including contemporary topics such as music downloads, Live 8, international trade and house prices
Updated economic data in every chapter
New review questions that vary in level of difficulty, with answers at the back of the book. These allow flexibility for students at different learning stages, with the opportunity to check understanding as they work through the book
New and updated material reflecting recent economic changes on climate change, globalisation and the European union
Lecturers - please contact your local sales representative to find out more about the Interactive Student Workbook and NetTutor supplements that support this book.
Key Features
New Activity Boxes in every chapter, to encourage students to apply their learning in a real-world context
New examples such as easyJet, iPods, Skype, Yellow Pages and London Underground and topics such as house prices, music downloads, Live Aid and international trade
New and updated material reflecting recent economic changes on climate change, globalisation and the European union
Author Biography
David Begg Professor David Begg is Principal of the Tanaka Business School, Imperial College, London.
Table of Contents
Part One: Introduction
1. Economics and the economy
2. Tools of economic analysis
3. Demand, supply and the market
Part Two: Positive microeconomics
4. Elasticities of demand and supply
5. Consumer choice and demand decisions
6. Introducing supply decisions
7. Costs and supply
8. Perfect competition and pure monopoly
9. Market structure and imperfect competition
10. The labour market
11. Different types of labour
12. Factor markets and income distribution
13. Risk and information
14. The information economy
Part Three: Welfare ecomonics
15. Welfare economics
16. Government spending and revenue
17. Industrial policy and competition policy
18. Natural monopoly: public or private?
Part Four: Macroeconomics
19. Introduction to macroeconomics
20. Output and aggregate demand
21. Fiscal policy and foreign trade
22. Money and banking
23. Interest rates and monetary transmission
24. Monetary and fiscal policy
25. Aggregate supply, prices and adjustment to shocks
26. Inflation, expectations and credibility
27. Unemployment
28. Exchange rates and the balance of payments
29. Open economy macroeconomics
30. Economic growth
31. Business cycles
32. Macroeconomics: taking stock
Part Five: The world economy
33. International trade
34. Exchange rate regimes
35. European integration
36. Poverty, development and globalisation
Appendix: Answers to review questions
Glossary
Index
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