Publisher's Synopsis
This book provides coverage of all topics taught in an introductory economics course. This third edition has been updated and revised, and the authors have provided comparative economic data from the European Community states.;In addition, new sections include: the EC; perestroika; environmental economics; monetary policy; and developments in the Third World debt crisis. As with the previous edition, a major feature of the book is the introduction of general equilibrium and welfare economics at an early stage. This enables the authors to compare the efficiency and equity aspects of different market structures and policy changes.;The book is illustrated with graphs and each chapter contains self study questions and up-to-date suggestions for further reading.
