Author Description

This workbook accompanies a textbook of economics designed to meet the needs of a wide range of students. It has sufficient depth to challenge those students who have previously studied economics, yet is structured to allow those with no previous knowledge of the subject to find it accessible. The style and use of examples and case studies will attract those who will not study economics again. It is, however, sufficiently rigorous for those going on to specialize. accompany the main text and starred sections for more advanced students. There are summaries at the end of each section, definitions in the margin and questions throughout the text. Case studies are highlighted in box format, there are person profiles, institutional material, advanced topics and coverage of contemporary and historical controversies. A special introductory chapter on the macro-economics section is written in an open economy context reflecting the increasingly interdependent world economy. including marginal utility theory and indifference curve analysis, alternative theories of the firm, game theory and contestable markets, distribution of income, poverty and inequality, cost-benefit and analysis. In the field of applied microeconomics topics, coverage extends to agricultural policy, competition policy and the privatization/nationalization debate. Other topics addressed are recent developments in money and banking and monetary policy, a full examination of the Keynesian-Monetarist/new classical debate, a complete chapter on supply side policies, an examination of the effects of the 1992 single market initiative and the costs and benefits of alternative exchange rate regimes. International macroeconomic policy harmonization covers European monetary union and there is a complete chapter on the problems of economic development.