Understanding economics / Ken Heather.

Includes bibliographical references and index.

Table of Contents

Preface xiii(2)
A word to the student xv (4)
A word to the instructor xix (2)
Acknowledgements xxi
1 East European economic reforms 1 (23)
2 The stock market 24 (23)
3 Traffic jams 47 (21)
4 The National Health Service 68 (24)
5 The regional problem 92 (22)
6 Small firms 114 (24)
7 British coal 138 (23)
8 Europe's airline prices 161 (21)
9 Business behaviour 182 (20)
10 Government expenditure 202 (25)
11 Trade unions 227 (19)
12 Damaging the Earth 246 (22)
13 Unemployment 268 (25)
14 Does Britain invest enough? 293 (24)
15 Beating inflation 317 (23)
16 The supply side revolution 340 (23)
17 Privatisation 363 (19)
18 Does the UK want an independent central 382 (24)
bank?
19 Manufacturing trade 406 (21)
20 Giving up sterling 427 (24)
Appendix 1 451 (3)
Appendix 2 454 (4)
Appendix 3 458 (2)
Appendix 4 460 (2)
Appendix 5 462 (2)
Glossary 464 (17)
Index 481

A text aimed at non-specialist students to provide them with the motivation to understand the subject. Starting with real-world applications such as traffic congestion or European airline pricing, the contents are then expanded to show the economic theory which underpins them, with key concepts being reinforced at the end of each chapter. Theory is presented in the order most commonly found in introductory economics courses, and also has a balanced coverage of macroeconomic and microeconomic topics. The text is written from a European perspective although global examples are referred to.