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| About the book |
Foundations of Economics, fourth edition is ideal for students taking introductory economics modules as part of an interdisciplinary course. Building on the success of the second edition, the book provides accessible overviews of key economic topics, interweaving these with real-world examples and practical activities to equip students to think for themselves. Features of this edition include: Topical and up-to-date material, presented alongside real-world examples and policy problems Mini case studies taken from disciplines such as construction, sport and computing, to demonstrate the practical application of economics Increased microeconomic coverage; including separate chapters on supply, demand and markets, to provide students with a thorough grounding in these fundamental areas A revised structure to the macroeconomics section, beginning with growth, cycles, and issues, before introducing analysis and explanations Learning outcomes and recaps in each chapter, allowing students to track their progress and understanding through the text Key terms, clearly defined throughout each chapter Review questions and answers in each chapter, to test understanding and application of the topics covered An easy-to-navigate layout and design, with clearly signposted features and photos and figures to illustrate important concepts Succinctly offering the proven quality, consistency and clarity of the parent text Economics (`The Student Bible' BBC Radio 4), Foundations of Economics, forth edition is the essential text for today's non-specialist economics student. |
| Key features |
Benefit: Up-to-date material with engaging real-world examples to help students apply economic theory in a practical and relevent context
Proof: Illustrated mini case studies in every chapter Benefit : Ensures a solid understanding of key concepts at a manageable pace Proof : Separate chapters on supply and demand Probe : At what pace do you teach micro and macroeconomic principles to students without an economic background? Does your current text have enough grounding in core theory before moving on to analyse specific issues?
Benefit : Guides students through the material at a comprehensible level and pace. The focus is on equipping studnets with the tools to apply knowledge for themselves and to text this as they work through the text Proof : Features in every chapter Probe : How important do you think rigorous pedagogy is in a book at this level? Does your current text provide opportunities for recaps and testing of students knowledge as they progress through the text? Does it provide them with the tools to think for themselves?
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| About the authors |
Professor David Begg is the principal of the Imperial College Business School. He has been a Research Fellow of the Centre for Economic Policy Research since its inception in 1984. He has also been an adviser to the Bank of England and the Treasury. |
| Table of contents |
1. What is Economics? Appendix 1: Graph Methodology Part 1: Microeconomics 2. Demand 3. Supply 4. Elasticity 5. Costs, Supply and Perfect Competition 6. Imperfect competition 7. Input markets: Labour 8. Other Input Markets and Income Distribution Part 2: Macroeconomics 9. Governing the market 10. The income and output nations 11. Short-run fluctuations in income and output 12. Interest rates, money and inflation 13. Aggregate supply, inflation and unemployment 14. Exchange rates and the balance of payments 15. The global economy 16. European Integration |
