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Essentials of Economics By John Sloman

Essentials of Economics by John Sloman

Condition - Very Good
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Essentials of Economics Summary

Essentials of Economics by John Sloman

Were you looking for the book with access to MyEconLab? This product is the book alone and does NOT come with access to MyEconLab. Buy Essentials of Economics, 7th edition with MyEconLab access card (ISBN 9781292170121) if you need access to MyEconLab as well, and save money on this resource. You will also need a course ID from your instructor to access MyEconLab. The market-leading concise text in introductory economics Want to see economics in action? Visit the Sloman Economics News Site for a blog that's updated several times a week with current affairs and topical stories all linked to your textbook so you can explore the background to the issues more deeply. This new edition of the market-leading Essentials of Economics has been updated with the most recent data and coverage of economic issues as the world tries to recover from global financial turmoil and looks at explanations of how consumers and firms really behave. Its classic features and clear and engaging writing style is complemented by strong theoretical coverage and a wealth of pedagogical features to support learning. John Sloman was Director of the Economics Network from its foundation in 1999 until 2012, and is now Visiting Fellow at the University of Bristol where the Network is based. John is also Visiting Professor at the University of the West of England, Bristol. Dean Garratt is Principal Teaching Fellow in the Department of Economics at the University of Warwick.

Table of Contents

About the authors Student and lecturer resources Preface Acknowledgements Publisher's acknowledgements Part A Introduction 1 Economic issues 1.1 Engaging with economics An island economy Economic puzzles and issues 1.2 The economic problem The problem of scarcity Demand and supply 1.3 Dividing up the subject Macroeconomics Microeconomics 1.4 Modelling economic relationships The production possibility curve The circular flow of goods and incomes Techniques of analysis 1.5 Economic systems The command economy The free-market economy The mixed market economy Chapter 1 Boxes 1.1 Macroeconomic issues: An historical perspective 1.2 The opportunity costs of studying economics: What are you sacrificing? 1.3 Command economies: Rise and fall of planning 1.4 Affording the mixed economy: The sovereign debt crisis of the early 2010s PART B MICROECONOMICS 2 Markets, demand and supply 2.1 Demand The relationship between demand and price The demand curve Other determinants of demand Movements along and shifts in the demand curve Utility and the demand curve 2.2 Supply Supply and price The supply curve Other determinants of supply Movements along and shifts in the supply curve 2.3 The determination of price Equilibrium price and output Movement to a new equilibrium 2.4 The free-market economy Advantages of a free-market economy Problems with a free-market economy 2.5 Behavioural economics What is behavioural economics? Explaining 'irrational' consumer choices Relevance to economic policy Chapter 2 Boxes 2.1 Satisfaction and the rational consumer: Consumer surplus and 'benefit drivers' 2.2 UK house prices: From raising the roof to falling through the floor 2.3 Stock market prices: Demand and supply in action 2.4 Commodity prices: Riding the commodities Big Dipper? 2.5 Nudging people: How to change behaviour 3 Markets in action 3.1 Price elasticity of demand Measuring the price elasticity of demand Interpreting the figure for elasticity Determinants of price elasticity of demand 3.2 Price elasticity of demand and consumer expenditure 3.3 Price elasticity of supply (PeS) The determinants of price elasticity of supply 3.4 Other elasticities Income elasticity of demand 3.5 Markets and adjustment over time Short-run and long-run adjustment Price expectations and speculation 3.6 Uncertainty and risk Responding to risk and uncertainty 3.7 Markets where prices are controlled Setting a minimum (high) price Setting a maximum (low) price Chapter 3 Boxes 3.1 &

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Essentials of Economics by John Sloman
Used - Very Good
Pearson Education Limited
Book picture is for illustrative purposes only, actual binding, cover or edition may vary.
This is a used book - there is no escaping the fact it has been read by someone else and it will show signs of wear and previous use. Overall we expect it to be in very good condition, but if you are not entirely satisfied please get in touch with us

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