Summary

This successful text offers a concise and accessible introduction to economics, making it ideal for those coming to the subject for the first time.It adopts a unique case-study approach, addressing current and often controversial issues, to both stimulate and challenge the student. Each of the twenty cases has been carefully chosen to build up an understanding of economic analysis, showing how economic theory relates to the real world. The third edition has been substantially revised to reflect recent policy changes and includes more coverage of the single currency, The European Central Bank and economics of monetary integration.Features of the text: ? Balanced coverage of microeconomic and macroeconomic issues? Case-study approach allows students to apply economic analysis to real problems ? End-of-chapter discussion questions and key results summary boxes reinforce learning ? Comprehensive glossary Understanding Economics is particularly relevant for non-specialist students taking an introductory course in economics, whether as part of a business studies degree or any other course of study requiring a grounding in economics. It is also suitable as a supplementary text for special