Foundations of Economics

This is a concise text for non-specialist students taking one semester economics modules. The new edition offers the proven consistency, quality, and clarity of the parent text, Economics 7th Edition, the student bible in the discipline. Maintaining these strengths, the structure and coverage of the second edition have been tailored to provide more depth and focus on the basic concepts of a short introductory economics module. Expanded sections focus on key topics, explaining economic principles in clear, non-technical language, ideal for students from a variety of non-quantitative disciplines, such as social sciences and business studies. - Each chapter is divided into sections with learning outcomes, recap sections and assessment questions. This allows topics to be dealt with in self-contained sections and gives lecturers the flexibility to select topics from within chapters, as well as helping students to digest the material. - New and updated applications and boxes feature current and topical examples from the Financial Times, World Bank, OECD, and IMF reports, and other current and authoritative sources. New boxes offer topical and thought-provoking examples, for instance, o