Economics European Edition

Michael Parkin is Professor Emeritus at the University of Western Ontario. His books are used by over a million students across the world. Melanie Powell is Reader in Economics at Derby University Business School. Kent Matthews is the Sir Julian Hodge Professor of Banking and Finance at the Cardiff Business School.

Part 1 The Scope of Economics

Chapter 1 What Is Economics?

Chapter 2 The Economic Problem

Part 2 How Markets Work

Chapter 3 Demand and Supply

Chapter 4 Elasticity

Chapter 5 Efficiency and Equity

Chapter 6 Government Action in Markets

Chapter 7 Global Markets in Action

Part 3 Households, Firms and Markets

Chapter 8 Households' Choices

Chapter 9 Organizing Production

Chapter 10 Output and Costs

Chapter 11 Perfect Competition

Chapter 12 Monopoly

Chapter 13 Monopolistic Competition

Chapter 14 Oligopoly

Part 4 Coping with Market Failure

Chapter 15 Public Choices and Public Goods

Chapter 16 Economics of the Environment

Part 5 Factor Markets, Inequality and Uncertainty

Chapter 17 The Markets for Factors of Production

Chapter 18 Economic Inequality and Redistribution

Chapter 19 Uncertainty and Information

Part 6 Monitoring Macroeconomic Performance

Chapter 20 Measuring GDP and Economic Growth

Chapter 21 Monitoring Jobs and Inflation

Part 7 Macroeconomic Trends

Chapter 22 Economic Growth

Chapter 23 Finance, Saving, and Investment

Chapter 24 Money, the Price Level, and Inflation

Chapter 25 International Finance

Part 8 Macroeconomic Fluctuations

Chapter 26 Aggregate Supply and Aggregate Demand

Chapter 27 Expenditure Multipliers

Chapter 28 Inflation and Output Cycles

Part 9 Macroeconomic Policy

Chapter 29 Fiscal Policy

Chapter 30 Monetary Policy

Glossary