Economics

Witztum's text is a robust and challenging introduction to the key principles of economics. It delivers a comprehensive and focused view of the logical core of economic analysis. Presented in a clear and accessible form, the content is nonetheless sufficiently developed to take students beyond mere fundamentals, teaching them to apply economic theories and models to recognisable, real life examples. The book is therefore able to prepare students for further study of economics rather than to simply acquaint them with basic concepts. The numerous exercises, questions and model answers are designed to help students better understand the relationship between models and reality. Its pure and clean, no nonsense approach quickly takes the reader to this point of understanding. ONLINE RESOURCE CENTRE Contains further questions and answers to aid continual, independent study. "Very comprehensive, and provides the reader with all the analytical tools demanded."--Dr. Dimitrios Asteriou, City University
"A thorough yet clear introduction to economics, acquainting students not only with the basic concepts, but also with the formal tools to apply those concepts."--Marco Haan, University of Groningen
"It offers the student-reader an unusually 'clean' and 'pure' treatment of the relevant theoretical constructs and concepts in economics."--Robin Naylor, University of Warwick
Introduction; Technical preface; 1. The study of economics; 2. Individual choice; 3. Production and the behaviour of the firm; 4. Market structures; 5. The market for factors; 6. General equilibrium and welfare economics; 7. Externalities and public goods; 8. Aggregation and the macroeconomic problem; 9. The determinants of output; 10. The goods market in the closed economy; 11. Money and banking; 12. General equilibrium, employment and government policy; 13. Prices, inflation and unemployment; 14. The open economy; 15. Edit queries