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: Hardback
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. This approach aims to present a more realistic portrayal of how the economy functions, enabling students to grasp its intricacies and challenges.

Throughout the textbook, regular updates and new material are incorporated to reflect the latest developments and emerging issues. These include discussions on populism, racism, inequality, climate change, and the profound impact of the COVID-19 pandemic. By addressing these contemporary topics, the textbook equips students with the knowledge and tools necessary to navigate the complex economic landscape of our times.

In addition to the core content, the textbook includes valuable online supplements. These include quiz questions designed to test students' understanding and reinforce key concepts, as well as PowerPoint slides for instructors to use in classroom presentations. These resources further enhance the learning experience and facilitate effective teaching and discussion.

Whether you are a student seeking a deeper understanding of economics or an instructor looking to supplement your teaching materials, this textbook is an invaluable resource. It provides a comprehensive and up-to-date exploration of microeconomic and macroeconomic theories, while also addressing the pressing issues of our time. By embracing a realistic and interdisciplinary approach, it equips students with the skills and knowledge needed to thrive in the ever-evolving economic world.

Weight: 908g
Dimension: 183 x 261 x 29 (mm)
ISBN-13: 9781032004846
Edition number: 3 ed