Publisher's Synopsis
This text provides an introduction to the UK economy for students who are studying economics for the first time - at A level or on a degree course. The introduction discusses the structure of the economy and national income, and there are chapters on consumption, inflation, the labour market, unemployment, manufacturing industry, the public sector, the service, sector money, interest rates and financial markets, overseas trade, the balance of payments and the exchange rate current economic problems.;Each chapter covers both microeconomic and macroeconomic aspects of the main issues, and uses both basic economic theory and empirical data to illustrate the main points.
