Publisher's Synopsis
This guide to the principles of economics draws attention to the important points upon which students should concentrate their study, tests their understanding of basic economic concepts and indicates how economic theory is applicable to the practical decisions of business and government. Answers to questions and exercises are provided at the end of the book to assist students who undertake a course of study without constant supervision.;This fifth edition has been revised to include recent developments in economic policy and the institutional changes which have taken place over the past four years. The book is intended as a companion volume to the textbook "Modern Economics", also in its fifth edition.
