About the book

Economics is seen as one of the most innovative and popular books in the subject area across the globe. This revised edition of the book gives comprehensive discussion on all major areas of both micro and macro aspects of economics, with inclusion of insightful new content around trends. From real-life examples to cutting-edge learning resources, Economics gives a student-centered learning environment that presents content in new, engaging ways. With its modern approach and inclusion of new data, examples, and cases from global as well as Indian context, the book makes learning and applying economics easier for instructors and students alike.

Salient Features:

A simple and engaging read that gives comprehensive discussion on basic to advance topics in economics

Includes new chapters on Market Failures Caused by Externalities and Asymmetric Information, Public Goods, Public Choice, and Government Failure, and The IS-LM Model

Balances theory with practice through innovative in-chapter features, like Key Graphs and Quick Review

Features new consider this and last Word elements that focus on real-life examples and cases in global as well as Indian context.

Contents:

Part 1: Introduction to Economics and the Economy

Part 2: Price, Quantity and Efficiency

Part 3: Consumer Behavior

Part 4: Microeconomics of Product Markets

Part 5: Microeconomics of Resource Markets and Government

Part 6: Microeconomic Issues and Policies

Part 7: GDP, Growth and Instability

Part 8: Macroeconomic Models and Fiscal Policy

Part 9: Money, Banking and Monetary Policy

Part 10: Extensions and Issues

Part 11: International Economics