Part A INTRODUCTION

1. 1 Economics and Economies

Part B FOUNDATIONS OF MICROECONOMICS

1. 2 Supply and Demand
2. 3 Government and the Market

Part C MICROECONOMIC THEORY

1. 4 Background to Demand: the Rational Consumer
2. 5 Consumer Behaviour in an Uncertain World
3. 6 Background to Supply
4. 7 Profit Maximising under Perfect Competition and Monopoly
5. 8 Profit Maximising under Imperfect Competition
6. 9 The Behaviour of Firms
7. 10 The Theory of Distribution of Income

Part D MICROECONOMIC POLICY

1. 11 Inequality, Poverty and Policies to Redistribute Income
2. 12 Markets, Efficiency and the Public Interest
3. 13 Environmental Policy
4. 14 Government Policy towards Business
5. 15 An Introduction to Macroeconomic Issues and Ideas
6. 16 The Development of Macroeconomic Thinking: a Historical Perspective

Part F MACROECONOMIC MODELS, THEORIES AND POLICY

1. 17 Short-run Macroeconomic Equilibrium
2. 18 Banking, Money and Interest Rates
3. 19 The Relationship between the Money and Goods Markets
4. 20 Aggregate Supply, Inflation and Unemployment
5. 21 The Relationship between Inflation, Unemployment and Output
6. 22 Fiscal and Monetary Policy
7. 23 Long-term Economic Growth and Supply-side Policies

Part G THE WORLD ECONOMY

1. 24 International Trade
2. 25 The Balance of Payments and Exchange Rates
3. 26 Economies in an Interdependent World

Discover the exciting world of economics and learn to think like an economist, applying key economic concepts and data to understand and analyse solutions to real-world problems – from global issues to a range of everyday problems that affect us all. 

Economics, 11th edition by Sloman, Garratt and Guest is an essential resource for all students of economics, providing a thorough grounding in economic theory and practice, as well as an insight into the constantly-changing and often complex issues faced by economists today. 

Comprehensive, yet accessible, this best-selling student text has been extensively revised and rewritten to reflect the latest events and developments that have impacted the global economy in the 2020s, including the effects of the Covid-19 pandemic, globalisation, the climate emergency facing our planet, the rise in populism and the large-scale migration of people - events that have presented both economic problems and opportunities. 

Economics, 11e will help you: 

• Learn to apply economics to real-world issues – 170 case studies and applications illustrate concepts and show how they translate into actual policy and practice 
• Develop critical thinking skills – questions throughout each chapter encourage you to reflect and engage at a deeper level, building confidence to understand and evaluate different economic policies. 
• Enhance your employability skills – learn how to analyse and find your own solution to problems and to think flexibly and critically, applying core concepts and ideas to new situations. 
• Keep up-to-date with current issues in economics – follow the news blog that accompanies the text to access new articles and links to videos, podcasts, data and reports. 

John Sloman was Director of the Economics Network from its foundation in 1999 until 2012 and is now Visiting Fellow at the University of Bristol, where the network is based. John is also Visiting Professor at the University of the West of England, Bristol. 

Dean Garratt is a Senior Teaching Fellow at Aston University. 

Jon Guest is a Senior Teaching Fellow at Aston University. 
 

Pearson, the world’s learning company. 

• The accessible writing style balances micro with macro content for those new to economics, providing numerous examples and questions that will test and reinforce your students' understanding of the field.
• Chapter introductions and a map of content make your teaching plan easier to organise.
• All economic terms are accessible, either highlighted and defined in the text or indexed.
• The wealth of material applied in 170 boxes is ideal for class exercises, aiming to keep your students engaged by showcasing the role of economics in the real world.
• Help your students think like an economist: the fifteen 'Threshold Concepts' help students relate economic concepts together.
• End-of-chapter questions are included for your students to do in class or at home.

• Many new boxes have been included on topical and controversial issues, while the existing ones have been extensively revised. New topics include the market for vaccines, social media influencers, immigration and labour market, worker motivation and behavioural economics.
• Further emphasis and analysis on behavioural economics, both on consumer and business levels, have been given on aspects such as present bias, prospect theory, and bias when making decisions in an uncertain environment.
• The strengthened theoretical coverage reflects and further emphasises up-to-date developments in the field, such as the role of money and banking, debt, or balance sheets, with frequent references to the impact of the COVID-19 pandemic.
• Updates to policy sections reflect changes since the previous edition, emphasising the protection of the environment, the regulation of businesses, and the implications of the COVID-19 pandemic on the well-being of governments.
• Further development on macroeconomic models (IS/MP, DAD/DAS, Phillips Curve) is illustrated and reworks of the Solow model in terms of output per worker.
• A deeper exploration of game theory and further analysis on price discrimination, externalities, and public goods, is developed throughout the book.
• Updated tables and charts are now current as of April 2021.