World-renowed writer and teacher, Michael Parkin, has always aimed to teach students an “economic way of thinking” that gives them insights into how the economy works and how it might be made to work better. Based on the tenth edition of Parkin’s international best-seller, this text combines his expertise and international perspective with the knowledge and understanding of local academics teaching in the field of Economics.
This book is ideal for university students learning the principles of micro and macroeconomics. It covers all the core principles and tools of economic science in the context of a wide range of current local and international problems and issues. Modern economic topics discussed include dynamic competitive advantage, game theory, principle-agent theory and the modern theory of the firm, public choice theory, and the theory of information and uncertainty.