Essentials of Economics

Essentials of Economics is designed with one overriding aim- to make this exciting and highly relevant subject clear, easy to understand and accessible. The book puts economics in the context of the real world, bringing the subject alive and giving students an insight into the economy in which we live and the economic forces which shape all of our lives. Essentials of Economics is an abridged version of Sloman's main text, Economics 4e. Some passages have been directly transcribed, while others have been extensively rewritten in order to provide a consistent coverage of only the core principles of economics and their applications. The second edition of this highly regarded and successful text retains many of the features of the first but has also been extensively updated to reflect changes and address new and contemporary issues. Market The book is specifically designed for one-semester courses in intro economics but it can also be used for year-long principles courses for non-specialist economics students. There are 12 chapters (6 micro and 6 macro) to provide just enough coverage for shorter courses. The book also matches the new A-level syllabus and will be entirely suitable A-level students. "The book is very good as it is concise, but also manages to give practical examples of the theoretical issues it is covering. Undoubtedly student friendly when compared to the competition." - Dr Douglas Chalmers, Glasgow Caledonian University. "Essentials of Economics" is the market-leading concise text in introductory economics. In this new edition, John Sloman continues to engage you in learning economics with his well-loved, warm writing style and plenty of examples drawn from the real world. Features include: a wealth of current and topical examples and cases to provide the link between economic theory and the real world; learning features integrated throughout the text, including questions, definitions, web references and summaries. These will help consolidate what you have learnt in each chapter; review questions with answers in each chapter to test your understanding; full colour design to bring the subject to life; many new case studies and expanded coverage of various topics, including game theory in Chapter 4, the role of money and interest rates in the economy in Chapter 8 and inflation targeting in Chapters 9 and 10. New features include: explanations to accompany many of the diagrams to ensure full understanding of a concept; the identification of various 'Threshold Concepts' that are key to helping you 'think like an economist'. The best resource package for introductory economics just got better! Resources are carefully integrated with the text to provide a complete and blended learning experience. MyEconLab: enables you to assess your own learning, and provides a personalised Study Plan which identifies areas you need to concentrate on to improve your grades. Specific tools are provided for you to direct your study in the most efficient way. Access to MyEconLab is provided with every new purchase of the main text. WinEcon, containing award-winning interactive tutorials, is available especially customised for use with Sloman's "Essentials of Economics". The book is designed for one-semester courses in introductory economics or for year-long principles courses for non-specialist economics students. This text also matches the A-level syllabus and will be entirely suitable for AS and A2 students. John Sloman is Director of the Economics Network - the Economics subject centre of the Higher Education Academy. The Economics Network is based at the University of Bristol. John is also Principal Lecturer in the School of Economics at the University of the West of England.