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Economics, 12e

Economics, 12e

Authors
Publisher McGraw-Hill
Year 06/01/2020
Version paperback
Readership level General/trade
Language English
ISBN 9781526847393
Categories Economics
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394.80 PLN / €84.64 / £73.48
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Book description

Economics is all around us. It influences our daily lives, our society, political decisions, environmental
concerns and the future we leave for our children. The twelfth edition of Economics by David Begg and
Gianluigi Vernasca is a focused toolkit for studying economics. It enables the reader to understand how
economics underpins the world we live in, by presenting the economic theory in a clear and accessible
way and applying it to real world situations.


This new edition has been revised and updated to include the latest topics and issues, such as the role
of information and the digital economy, immigration, and globalization. This material, combined with a
rich array of pedagogical features, encourages students to understand not only our economic past and
present, but also our changing world and the way in which economics can make sense of it.


Key Features:
New chapters on "Globalization, National Sovereignty and the World Economy" and "Governing
the Market";
Fully updated chapters, including new and expanded material on behavioural economics and
game theory;
A range of pedagogical features, including topical case studies, boxes on economic concepts
and activity applications, which show the relevance and application of the material;
A flexible learning approach allows the reader to learn at their own pace, with end of chapter
questions graded by difficulty and optional math boxes for the technically-minded;
Clean and contemporary design for ease of reading and study;
Connect (R) resources such as application-based activities, interactive graphs, algorithmic
questions and graphing and maths tutorials.


Available with McGraw-Hill Education's Connect (R), the well-established online learning platform, which
features our award-winning adaptive reading experience as well as resources to help faculty and
institutions improve student outcomes and course delivery efficiency.


To learn more, visit mheducation.co.uk/connect

Economics, 12e

Table of contents

Part 1: Introduction

1. Economics and the economy

2. Tools of economic analysis





Part 2: Positive Microeconomics

3. Demand, supply and the market

4. Elasticities of demand and supply

5. Consumer choice and demand decisions

6. Choice under uncertainty and behavioural economics

7. Introducing supply decision

8. Production, costs and supply

9. Perfect competition and pure monopoly

10. Market structure and imperfect competition

11. Labour market

12. Factor markets, income distribution, and inequality

13. The economics of information





Part 3: Welfare Economics

14. Welfare economics

15. Government spending and revenue

16. Governing the market





Part 4: Macroeconomics

17. Introduction to macroeconomics

18. Supply-side economics and economic growth

19. Output and aggregate demand

20. Fiscal policy and foreign trade

21. Money, banking and financial markets

22. Money demand, interest rates and monetary transmission

23. Monetary and fiscal policy

24. Aggregate supply, prices and adjustment to shocks

25. Inflation, expectations and credibility

26. Unemployment

27. Exchange rates and the balance of payments

28. Open economy macroeconomics

29. Business cycles





Part 5: The World Economy

30. International Trade

31. Exchange rate regimes

32. Globalization, national sovereignty and the world economy

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