Foundations of Economics, fifth edition is ideal for students taking introductory economics modules as part of an interdisciplinary course. Building on the success of the previous editions, 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 Additional mini case studies on areas such as banking, the housing market, sport and the music industry, to demonstrate the practical application of economics in contemporary situations Consideration of the global financial crisis, European economy and recent policy developmentsSuccinctly offering the proven quality, consistency and clarity of the parent text Economics (The Student Bible, BBC Radio 4), Foundations of Economics, fifth edition is the essential text for todays non-specialist economics student. The book is accompanied by an excellent resource package at www.mcgraw-hill.co.uk/textbooks/begg, which includes: For students: Interactive graphing tool, case studies, self-test questions, weblinks For lecturers: PowerPoint slides, lecture outlines, EZ Test Online test bank, videos & teaching notes, figures from the book, solutions to questions in the book & additional exam questions
1 What is economics? Part 1 Microeconomics 2 Demand 3 Supply and market equilibrium 4 Elasticities of demand and supply 5 Costs, supply and perfect competition 6 Imperfect competition 7 Input markets: labour 8 Other input markets and income distribution 9 Governing the market Part 2 Macroeconomics 10 The income and output of 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