For six editions, Michael Parkin has written and rewritten with the unwavering goal of opening students' eyes to the economic way of thinking. Using a straight forward, precise, and clear writing style, Parkin puts the student at center stage.
Parkin offers a thorough and detailed presentation of modern economics, including dynamic comparative advantage, game theory, rational expectations, new growth theory, and real business cycle theory.
To promote a rich, active learning experience, Parkin offers a comprehensive online learning environment featuring a dynamic e-book, interactive tutorials and quizzes, daily news updates, and more.
Changes to the Sixth Edition include a new introductory chapter that emphasizes the central role of tradeoffs in economics, a new chapter on Global Stock Markets, all-new Reading Between the Lines, and a full-color Electronic Study Guide CD-ROM packaged with every new textbook for free.
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The new edition clearly combines the twin virtues of accumulated learning-by-doing with up-to-dateness. The book is in serious colour, with many diagrams and figures. It backs up the basic expositional highway with interesting stop-offs and scenic diversions.
A lot of work has gone into this book and it shows. Its coverage is comprehensive; almost any first year course could be accommodated using this text.
(Professor Huw Dixon, Professor of Economics at University of York)
Economics Fifth Edition
Economics is a highly successful textbook, which is known and respected world-wide for its comprehensive coverage of introductory economics, its clarity of exposition, its lively applications and examples and for the quality of its four-colour artwork. This fifth edition brings the subject powerfully to life in the 21st century and accurately reflects and encompasses the constantly shifting economic world around us.
Building on the high standards set by previous editions, this fifth European edition has been carefully revised and continues to place great emphasis on helping the student understand the core concepts of economics and think like an economist, as well as apply the fundamental principles of the discipline in a business context. Recognizing that students often find economics difficult, the authors write for the student, putting economics into practice, illuminating theory with real-world problems and issues and making the subject accessible, relevant and exciting.
Key features
New to this edition
Excellent text-and-technology package to enhance teaching and learning includes:
What Students say
"It is well written and gives students with no prior knowledge a good understanding of economics... . I couldn’t do my course without the book." University if Hertfordshire
"This is definitely the best book on economics. Excellent book and study guide." City University
"Its detail, analysis and depth, also the way it relates issues to everyday life at the end of each section is excellent – well done." Durham University
Readership This text is ideal for all introductory economics courses.
Michael Parkin is Professor of Economics at the University of Western Ontario.
Melanie Powell is Reader at Derby University Business School.
Kent Matthews is the Sir Julian Hodge Professor of Banking and Finance and Head of Economics at the Cardiff Business School.
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