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Authoritative, yet accessible to all, the revised and fully updated edition of this leading introductory textbook is essential reading for A-level economics students. The book is divided into five main 1. Markets and Models economic systems, the price system, supply and demand. 2. Market Failure and Governments Inlcudes: government intervention in the economy, environmental and welfare issues, income distribution. 3. The National Economy (Introductory macroeconomics) national income accounting, aggregate supply and demand, money and financial institutions. 4. Microeconomic Theory consumer choice, pricing and output decisions, rent, interest and profits. 5. Economic Issues and Policies growth, competition, monetary policy and inflation, economic development.
This text investigates the fundamental principles of economic theory and their practical application within both microeconomic and macroeconomic frameworks. Peter M. Miller provides a structured pedagogical approach designed to bridge the gap between abstract economic models and real-world policy outcomes. By organizing the material into five distinct thematic sections, the author offers a comprehensive overview suitable for students navigating the complexities of modern economic systems.
What You Will Find
The subject matter points to a foundational, academic resource tailored for students requiring a clear and systematic introduction to economic concepts. The framing suggests a dense, curriculum-focused text that prioritizes clarity and logical progression for those studying at the A-level standard.
Page Count:
608
Publication Date:
1995-01-01
Publisher:
Collins Educational
ISBN-10:
0003275035
ISBN-13:
9780003275032
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