Economics / Parkin, Powell, Matthews.

Includes index.

Previous edition: 2008.

Part 1 The Scope of Economics -- Chapter 1 What Is Economics? -- Chapter 2 The Economic Problem Part 2 How Markets Work -- Chapter 3 Demand and Supply -- Chapter 4 Elasticity -- Chapter 5 Efficiency and Equity -- Chapter 6 Government Action in Markets -- Chapter 7 Global Markets in Action Part 3 Households, Firms and Markets -- Chapter 8 Households{u2019} Choices -- Chapter 9 Organizing Production -- Chapter 10 Output and Costs -- Chapter 11 Perfect Competition -- Chapter 12 Monopoly -- Chapter 13 Monopolistic Competition -- Chapter 14 Oligopoly Part 4 Coping with Market Failure -- Chapter 15 Public Choices and Public Goods -- Chapter 16 Economics of the Environment Part 5 Factor Markets, Inequality and Uncertainty -- Chapter 17 The Markets for Factors of Production -- Chapter 18 Economic Inequality and Redistribution -- Chapter 19 Uncertainty and Information Part 6 Monitoring Macroeconomic Performance -- Chapter 20 Measuring GDP and Economic Growth -- Chapter -- 21 Monitoring Jobs and Inflation Part 7 Macroeconomic Trends -- Chapter 22 Economic Growth -- Chapter 23 Finance, Saving, and Investment -- Chapter 24 Money, the Price Level, and Inflation -- Chapter 25 International Finance Part 8 Macroeconomic Fluctuations -- Chapter 26 Aggregate Supply and Aggregate Demand -- Chapter 27 Expenditure Multipliers -- Chapter 28 Inflation and Output Cycles -- Part 9 Macroeconomic Policy -- Chapter 29 Fiscal Policy -- Chapter 30 Monetary Policy -- Glossary

This comprehensive revision retains the hallmarks of previous editions, with a thorough and detailed presentation of the principles of economics, an emphasis on real-world examples and applications, and on the development of your critical thinking skills. The aftermath of the global financial crisis is covered in depth, and its implications for future economic policy are thoroughly examined.