David Begg is Principal of the Tanaka Business School at Imperial College London. He has been a Research Fellow of the Centre for Economic Policy Research (a network of leading European economists) since its inception in 1984. David's research focuses mainly on monetary policy, exchange rates, monetary union, and economic transition. He is a Research Fellow of the Centre for Economic Policy Research. He co-authored several of the CEPR annual reports in the series he helped found: Monitoring the European Central Bank, and Monitoring European Integration. The 1997 MEI Report, EMU: Getting the Endgame Right, changed the policy that the European Union adopted to launch the euro in 1999. He was also founding Managing Editor of Economic Policy, now an official journal of the European Economic Association.

Part 1: Introduction1. Economics and the economy 2. Tools of economic analysis Part 2: Positive Microeconomics3. Demand, supply and the market 4. Elasticities of demand and supply 5. Consumer choice and demand decisions 6. Choice under uncertainty and behavioural economics 7. Introducing supply decision 8. Production, costs and supply 9. Perfect competition and pure monopoly 10. Market structure and imperfect competition11. Labour market 12. Factor markets, income distribution, and inequality 13. The economics of information Part 3: Welfare Economics14. Welfare economics 15. Government spending and revenue 16. Governing the market Part 4: Macroeconomics17. Introduction to macroeconomics 18. Supply-side economics and economic growth 19. Output and aggregate demand 20. Fiscal policy and foreign trade 21. Money, banking and financial markets 22. Money demand, interest rates and monetary transmission 23. Monetary and fiscal policy 24. Aggregate supply, prices and adjustment to shocks 25. Inflation, expectations and credibility 26. Unemployment 27. Exchange rates and the balance of payments 28. Open economy macroeconomics 29. Business cycles Part 5: The World Economy30. International Trade 31. Exchange rate regimes 32. Globalization, national sovereignty and the world economy

Economics is all around us. It influences our daily lives, our society, political decisions, environmentalconcerns and the future we leave for our children. The twelfth edition of Economics by David Begg andGianluigi Vernasca is a focused toolkit for studying economics. It enables the reader to understand howeconomics underpins the world we live in, by presenting the economic theory in a clear and accessibleway and applying it to real world situations.>This new edition has been revised and updated to include the latest topics and issues, such as the roleof information and the digital economy, immigration, and globalization. This material, combined with arich array of pedagogical features, encourages students to understand not only our economic past andpresent, but also our changing world and the way in which economics can make sense of it.>Key Features:New chapters on "Globalization, National Sovereignty and the World Economy" and "Governingthe Market";Fully updated chapters, including new and expanded material on behavioural economics andgame theory;A range of pedagogical features, including topical case studies, boxes on economic conceptsand activity applications, which show the relevance and application of the material;A flexible learning approach allows the reader to learn at their own pace, with end of chapterquestions graded by difficulty and optional math boxes for the technically-minded;Clean and contemporary design for ease of reading and study;Connect® resources such as application-based activities, interactive graphs, algorithmicquestions and graphing and maths tutorials.>Available with McGraw-Hill Education's Connect®, the well-established online learning platform, whichfeatures our award-winning adaptive reading experience as well as resources to help faculty andinstitutions improve student outcomes and course delivery efficiency.>To learn more, visit mheducation.co.uk/connect>