Foundations of Real-World Economics: What Every Economics Student Needs to Know

This textbook provides a more realistic picture of how the economy works by distorting standard neoclassical economic modelling to account for people, problems, and events in the real world.

Format: Paperback / softback
Length: 396 pages
Publication date: 20 March 2023
Publisher: Taylor & Francis Ltd

The textbook offers a comprehensive exploration of microeconomic and macroeconomic theories and schools of thought, extending beyond the coverage typically found in mainstream economics textbooks. Each chapter begins with a concise refresher of standard neoclassical economic modelling, providing students with a foundational understanding before delving into how this model is influenced and distorted by the complexities of the real world. Through this lens, the textbook aims to present a more realistic portrayal of how the economy functions, enabling students to gain a deeper appreciation of the factors that shape economic outcomes.

Throughout the text, timely updates and new material have been incorporated to reflect the latest developments and challenges facing the economy. This includes discussions on populism, racism, inequality, climate change, and the profound impact of the COVID-19 pandemic. These topics are of utmost importance in today's globalized world, and the textbook provides valuable insights into their economic implications and policy considerations.

In addition to the core content, the textbook includes online supplements to enhance the learning experience for students. These supplements include quiz questions that test students' understanding of the material covered in each chapter, as well as PowerPoint slides for instructors to use in lectures and discussions. These resources are designed to facilitate active learning, promote engagement, and assist instructors in effectively conveying the key concepts of the textbook.

By presenting a comprehensive and up-to-date examination of microeconomic and macroeconomic theories, the textbook equips students with the tools they need to understand and analyze the complex economic landscape. It serves as a valuable resource for both undergraduate and graduate students in economics, finance, business, and related fields, helping them develop a strong foundation in economic analysis and policy.

Weight: 774g
Dimension: 178 x 255 x 28 (mm)
ISBN-13: 9781032001722
Edition number: 3 ed