Published by Pearson (November 25, 2021) © 2022
Michael Parkin | Melanie Powell | Kent MatthewsTake your first learning steps in the essential Principles of Economics and follow in the footsteps of all leading economists!
Economics touches almost every aspect of life: from climate change to terrorism, taxes to house prices, and wages to how much time one spends studying!
Economics 11th edition retains the hallmarks of previous editions, providing a detailed overview of the principles of economics, showcasing how economic theories apply to real-world data, recent events, and examples.
Specific features such as 'Economics in Action' and 'Economics in the News' incorporate the latest developments in Eurozone and UK policy, including Brexit and the impact of COVID-19 on the economy.
The text aims at helping you think like an economist, enabling you to evaluate economic policies, understand human behaviour, develop critical thinking skills and make more informed decisions.
Take your first learning steps like all leading economists once did with a course in the principles of economics, and learn to think like an economist with this comprehensive text!
Personalise learning with MyLab® Economics.
By combining trusted author content with digital tools and a flexible platform, MyLab Economics personalises the learning experience and improves results for each student.
Parkin, Powell & Matthews, Economics (European), 11th edition PLUS MyLab Economics with eText access card Pack (9781292424767) consists of:
- 9781292424750 Economics, 11e (print book)
- 9781292424774 MyLab Economics Instant Access Card
- 9781292424781 MyLab Economics eText
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Part 1: The Scope of Economics
- What Is Economics?
- The Economic Problem
Part 2: How Markets Work
- Demand and Supply
- Elasticity
- Efficiency and Equity
- Government Actions in Markets
- Global Markets in Action
Part 3: Households, Firms and Markets
- Households' Choices
- Organising Production
- Output and Costs
- Perfect Competition
- Monopoly
- Monopolistic Competition
- Oligopoly
Part 4: Coping with Market Failure
- Public Choices and Public Goods
- Economics of the Environment
Part 5: Factor Markets, Inequality and Uncertainty
- Markets for Factors of Production
- Economic Inequality and Redistribution
- Uncertainty and Information
Part 6: Monitoring Macroeconomic Performance
- Measuring GDP and Economic Growth
- Monitoring Jobs and Inflation
Part 7: Macroeconomic Trends
- Economic Growth
- Finance, Saving and Investment
- Money, the Price Level and Inflation
- International Finance
Part 8: Macroeconomic Fluctuations
- Aggregate Supply and Aggregate Demand
- Expenditure Multipliers
- The Business Cycle, Inflation and Deflation
Part 9: Macroeconomic Policy
- Fiscal Policy
- Monetary Policy