Description

' In what is a tour de force of economic theory - suitable for both (able) 'A' Level students and fresh-faced undergraduates alike, the authors have successfully updated and enhanced the work whilst retaining the authoritative character which characterised its previous editions.....'

EBEA Journal (Review of fourth edition, 1998)

Economics: A Student's Guide is a highly acclaimed and well-respected textbook that is unique in its appeal to both A-level and undergraduate students. Written in a student-friendly and jargon-free manner, the book combines the strengths of traditional economics texts with active learning methods.

The fifth edition has built on the strengths of previous editions while taking account of the changes in the teaching of economics, the discipline and the economy itself. Learning is made enjoyable and effective, yet the book retains the depth of coverage necessary for a thorough understanding of the complex subject matter.

Economics: A Student's Guide is ideally suited to both A-level and undergraduate students taking an introductory course in economics. It is also ideal for GNVQ and HND-level courses and professional examinations.

Features

• Presents information in a lucid but concise manner.
• Provides a pluralistic, balanced approach.
• Excellent pedagogy, including: learning outcomes, common misunderstandings, student activities, chapter summaries, end of chapter questions and data response sections.
• Comprehensive approach to welfare economics incorporating the green debate.
• Coverage of the service sector, growth, the global economy, development and transition economies.

New to this Edition

• Restructured to take account of the recent changes to the A-Level syllabus whist retaining the approach that has ensured its unique appeal to both A-level students and undergraduates.
• More coverage of growth, the global economy development and transition economies.
• Thoroughly updated to include all of the 'hot topics' in economics
• The active learning approach has been developed still further to include; new and revised case studies, reworked and improved Data Response Questions and Worked Examples, addition of Glossary and Key Terms section, more questions and more use of 'real' companies.
• More examples, references, cases, etc from the service sector have been included.

Table of Contents

SECTION I THE MARKET SYSTEM
 
1 Introduction: what is economics all about?
2 Mathematical and statistical techniques
3 The economic problem: resources,scarcity and choice
4 The allocation of resources in competitive markets
5 Elasticity of demand and supply
6 Markets in movement
7 The business organisation, costs and profits
8 Market structures
 
 SECTION II MARKET FAILURE AND GOVERNMENT INTERVENTION
 
9 The mixed economy: market failure vs government failure
10 Government intervention in the market
 
SECTION III MARKETS IN OPERATION
 
11 The market in practice: agriculture, housing and labour
12 The leisure industry
13 The economics of the environment
14 Transport and the economy
 
 SECTION IV THE NATIONAL ECONOMY
15 What is the macroeconomy?
16 Measuring the macroeconomy
17 Analysing the macroeconomy
18 Managing the macroeconomy: problems and policies
 
SECTION V BUSINESS ECONOMICS
 
19 The size and growth of firms
20 Costs in the short run and the long run
21 Competitive supply
22 Price and output under imperfect competition
23 Aspects of monopoly
24 Public ownership, privatisation, regulation and deregulation
 
SECTION VI LABOUR MARKETS AND THE DISTRIBUTION OF INCOME
 
25 Pricing of productive factors
26 Labour and wages
27 An introduction to welfare economics
28 Inequality and public policy
 
SECTION VII MACROECONOMIC ANALYSIS
 
29 Keynesian macroeconomics
30 Changes in aggregate demand: consumption, savings and investment
31 The Keynesian aggregate model
32 The multiplier
33 Aggregate demand and supply analysis
 
SECTION VIII MANAGING THE ECONOMY: ISSUES AND POLICIES
 
34 Growth and stability
35 Money and prices
36 Fiscal and monetary policies
37 Monetary analysis and income analysis
38 The control of inflation
39 Unemployment and government policy
40 Advanced policy applications
41 The gains from international trade
42 The balance of payments and exchange rates
43 Conflicts between objectives
 
SECTION IX THE EU AND WIDER PERSPECTIVES
 
44 International institutions
45 The European Union
46 The developing economies
47 Schools of thought and future issues
 
Index

Back Cover

Beardshaw, Brewster, Cormack, Ross
Economics: A Student's Guide 5e

' In what is a tour de force of economic theory - suitable for both (able) 'A' Level students and fresh-faced undergraduates alike, the authors have successfully updated and enhanced the work whilst retaining the authoritative character which characterised its previous editions.....'
EBEA Journal (Review of fourth edition, 1998)

Economics: A Student's Guide is a highly acclaimed and well-respected textbook that is unique in its appeal to both A-level and undergraduate students. Written in a student-friendly and jargon-free manner, the book combines the strengths of traditional economics texts with active learning methods.

The fifth edition has built on the strengths of previous editions while taking account of the changes in the teaching of economics, the discipline and the economy itself. Learning is made enjoyable and effective, yet the book retains the depth of coverage necessary for a thorough understanding of the complex subject matter.

KEY FEATURES

· Presents information in a lucid but concise manner.
· Provides a pluralistic, balanced approach to a comprehensive coverage of economics.
· Contains an excellent pedagogy, including: learning outcomes at the start of chapters, notes on common misunderstandings, student activities, detailed chapter summaries, end of chapter questions and data response sections.
· Gives a comprehensive approach to welfare economics incorporating the green debate.
· Illustrates real world issues with numerous up-to-date newspaper articles (many from the Financial Times) and case studies.

NEW TO THIS EDITION

· Restructured to take account of the recent changes to the A-level syllabus while retaining the approach that has ensured its unique appeal to both A-level students and undergraduates.
· More coverage of the service sector, growth, the global economy, development and transition economies.
· Includes new material on housing, Europe and the economics of sport and leisure.
· Includes a concise economic history and analysis of macroeconomic policy in the latter half of the twentieth century to 2001.
· Updated and improved pedagogy including: new and revised case studies, data response questions and worked examples.

Economics: A Student's Guide is ideally suited to both A-level and undergraduate students taking an introductory course in economics. It is also ideal for GNVQ and HND-level courses and professional examinations.

This fifth edition of John Beardshaw's text has been revised and updated by David Brewster (University of Westminster), Paul Cormack (Sheffield Hallam University) and Andrew Ross (Office of National Statistics).