Economics affects almost everything we do: from our decisions at work to our shopping habits, voting preferences and social attitudes. This new edition of the popular text by David Begg and Gianluigi Vernasca enables the reader to understand today's economic environment by examining the underlying theory and applying it to real-world situations. Economics surveys the latest ideas and issues, such as the role of regulation in banking, the consequences of globalization and monetary union, and the efficacy of our current economic models. This coverage, combined with a rich array of pedagogical features, encourages students to explore our economic past and present, and to think critically about where this might lead us in the future. The new edition is updated to provide a comprehensive analysis of the financial crash: its causes, consequences, and possible policy responses, from fiscal stimulus to quantitative easing.
Foundations of Economics, fourth edition is ideal for students taking introductory economics modules as part of an interdisciplinary course. Building on the success of the second edition, the book provides accessible overviews of key economic topics, interweaving these with real-world examples and practical activities to equip students to think for themselves. Features of this edition include: Topical and up-to-date material, presented alongside real-world examples and policy problems Mini case studies taken from disciplines such as construction, sport and computing, to demonstrate the practical application of economics Increased microeconomic coverage; including separate chapters on supply,...
This Report examines the monetary unification of Europe and the creation of a European Central Bank. It deals first with the macroeconomics of monetary union and highlights four issues. What monetary constitution is required to deliver price stability, and do the draft statutes of the European Central Bank (ECB) meet these conditions? Are fiscal rules a necessary adjunct to such a constitution? Is convergence of inflation rates a precondition for embarking on monetary union? Finally, how should the transition be managed?
Economics for Business, 3rd edition, is an essential introduction to economics, tailor-made for business students. The text demonstrates the relevance of applying economics principles to solve business problems, using a unique business first approach. Key economic theories are clearly explained within the context of modern business, drawing on a wealth of contemporary examples to bring the topics to life. The pedagogy allows students to consolidate their learning and equips them with the economic tools to confront real business situations.
This revised edition of the economics student workbook contains: key learning blocks; important concepts and technical terms, exercises, true/false checks; exercises of different types use data from the real world. Extracts from the press provoke further thought and discussion and show economics in action. Questions for thought extend the analysis to the cutting edge of thinking and debate. Answers to all the questions, together with clear explanations of the reasoning involved, are given at the back of the book.
The European Union is now preparing for the entry of ten new members. As the accession countries (ACs) embark on the next phase of the path toward formal entry into the EU, most are expected to join the Exchange Rate Mechanism (ERM-II), prior to adoption of the euro. This period will be a time of heightened vulnerability to financial instability, requiring extremely adept economic management. With limited exchange rate flexibility under ERM-II, disinflationary conditions, and no exemptions from full international capital mobility, EU accession countries are likely to experience large 'convergence play' capital inflows - such inflows arise because investment opportunities are large but domest...
This work maintains the approach of the US text, Principles of Economics by Case and Fair, but with the main focus on Europe. This is reflected in the use of the open economy approach, the use of the Euro as the standard currency, as well as providing numerous European examples and applications. Maths Boxes enable the lecturer to decide on the amount of calculus they wish to include. End-of-chapter problems with selected answers at the end of the book allow students to assess their progress.