Pearson Higher Education AU, May 20, 2015 - Business & Economics - 726 pages
High quality, engaging content for students...ultimate flexibility for educators
The seventh edition of this benchmark Australian text continues to offer students a comprehensive and relevant introduction to economics whilst offering educators the ability to customise and deliver content – your way.
Economics 7th edition provides a streamlined approach to study and recognises the difficulties some students may face in comprehending key concepts. By leaving the more technical content and application until later, students can enjoy the more exciting policy material from the beginning and engage with the content early.
Through compelling examples, clear explanations and the latest instructive on-line resources, the text draws students into the content and reinforces learning through practice and solving problems which are relevant to them.
The authors train students to think about issues in the way real economists do, and learn how to explore difficult policy problems and make more informed decisions by offering a clear introduction to theory and applying the concepts to today’s events, news, and research.
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aggregate demand aggregate expenditure aggregate supply Australian dollars average total cost Bank’s billion buyers Calculate capital cash rate cent Chapter competitive consumer surplus consumption expenditure cost curve curve shifts deadweight loss decreases deficit economic growth economic profit effect elasticity of demand energy bars equals exchange rate Explain exports falls Figure firm firm’s foreign exchange market GDP per person global growth rate hour increases indifference curve inflation rate instant feedback investment long-run marginal benefit marginal cost marginal product marginal social benefit marginal social cost monetary policy monopoly multiplier MyEconLab animation opportunity cost output Phillips curve pizza potential GDP price level Problems and Applications producer surplus quantity demanded quantity of labour quantity of money quantity supplied questions in Study real GDP real interest rate Reserve Bank sell shows slope Source Study Plan supply curve trade U.S. dollar unemployment rate workers