Economics: An introduction (Paperback, 2nd ed)

Economics: An Introduction second edition offers a practical and accessible introduction to Economics. This text provides clear links to real-life situations, current economic data and examples and aims to support students' understanding of key economic theory. Concepts such as price, utility, perfect competition, monopolistic competition, monopoly and oligopoly are explored, as well as the effect of economic actions on others and the environment. The problem of externalities receives ample attention, as well as the ways to counter or compensate for them. The contemporary, hands-on approach provides meaning, bringing theoretical concepts to life. It equips the lecturer with content that invites participation and stimulates debate. The outcome is that complex economic theories are demystified while South Africa's uniquely challenging economic environment is unpacked.