Fully updated, but maintaining its rigorous approach, the thirteenth edition of Economics guides students through the core principles of micro and macroeconomics, building firm foundations of understanding. Clear explanations ensure that students master each key concept before practical illustrations show how these ideas are applied in reality. Each topic is made easy to grasp through the use of plain and accessible language, without unnecessary over-simplifying. Varied learning features support and stretch students, allowing them to monitor their progress and test themselves with a range of question styles. Written to engage students with real world issues and current questions in economics, this book provides up-to-date coverage of the financial crisis and its many subsequent implications, which are vital to understanding the current economic climate. Case studies allow students to understand how economics works in practice, and to think critically for themselves. Economics challenges students to achieve their full potential as they engage with its in-depth analysis and applied material. It leaves students confident and competent, with a thorough knowledge of economics . The Online Resource Centre accompanying the book includes: For students: - Self-test questions - Additional chapters - Web links - Flashcard glossary - Authors' blog For lecturers: - PowerPoint slides - Test bank - Figures from the text

Author Biography

Richard Lipsey is Professor Emeritus of Economics at Simon Fraser University, Canada, former Professor at the London School of Economics, and founding Professor of the Economics department at the University of Essex Alec Chrystal is Professor Emeritus at Cass Business School, City University, London and an affiliated lecturer in the Faculty of Economics at Cambridge University.