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Economics 11th edition

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Economics 11th edition

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Economics 11th edition

ISBN: 0132994844

ISBN-13: 9780132994842

Authors: Michael Parkin

Publisher: Prentice Hall

Details of the book:

Parkin's Economics 11th edition comprehensively explains the fundamentals concepts of economics in context of its relationship with the real world to the students of economics and layman alike. The book deals with the practical expression of economic concepts and issues which enables its readers to critically think of economic theory in its real world setting. The 11th edition is well revised with all relevant and up to date data; additionally to make the book even more effective and interactive all the major practical issues discussed in the book are backed with pictures and like the last edition even the 11th ed involves a seamless integration with the online tutorial MyEconLab. This is a book which helps its readers to internalize economic theory and think about it critically in the light of practical and contemporary events using relevant economic news. This way not only does it help its readers understand the major local and global economic decisions, but it also helps people make informed decisions and choices in their own personal lives.

Like its previous edition, this book too offers a comprehensive guide to the subject of economics, focusing on its major issues and concepts, in an up to date manner. The major themes covered here are similar to the 10th edition, which are as follows:

  • Introduction to the subject as a whole

  • Introduction and assessment of the basics like - demand and supply - what they stand for, how they function, related fundament issues of the same like elasticity and responsiveness in the market.

  • National and international market situation. The fundamental issues in concern like those of efficiency and equity involved, the position and part of governments in this scene, the situation of international markets. Further information is provided on factors of production and their markets production, choices, cost, competition goods produced and demanded. Consumer or public demands or choices, oligopoly and monopoly are some of the others topics covered here.

  • Growth of different factors along with their measurements - Important issues like those of national income, inflation, GDP, employment and unemployment, inequality, investment, distribution of income, finance etc, are all included

  • Economics and its role in the context of our Environment are also dealt with adequately.

  • International trade and business topics - Balance of payment i.e. import and export, trade, debts, development of developing nation's economy.


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