Principles of Economics: Australia and New Zealand Edition

Show the power of economic tools, and the importance of economic ideas!
The latest edition of this text continues to focus on important concepts and analyses necessary for students in an introductory economics course. In keeping with the authors' philosophy of showing students the power of economic tools and the importance of economic ideas, this edition pays careful attention to regional and global policies and economic issues ' such as climate change and resource taxation, the impacts of the ongoing global financial crisis, inflation, unemployment, interest rates, monetary and fiscal policy.

Students visualise their learning and research with the world's best learning technology for economics: Aplia, CourseMate, Search me! economics.

Principles of Economics 6th edition combines microeconomics and macroeconomics into one volume for students who take a full year's course.

Features:
Prominent economists with extensive undergraduate teaching experience have written a student-friendly text that explains clearly and explores contemporary issues. Applications and policy appear alongside formal economic theory
New, ground-up chapter on the GFC written by an Australian economist
Chapter objectives define and reinforce content, while quick quizzes allow students to check their comprehension after they read each major section. Key concepts are listed at the end of the chapter and defined in the margin to help students grasp new terminology
‘Ten Lessons from Economics’ are outlined in Chapter 1 and highlighted throughout the text to remind students that these lessons are the key to most economic analysis
End-of-chapter Summaries, Questions for Review as well as Problems and Applications reinforce chapter content and encourage critical thinking
Current cases provide practical illustrations of important concepts.
‘In the News’ boxes contain recent news articles that show students how economic ideas shed light on current affairs and provide opportunity for policy analysis
‘FYI’ boxes present additional material designed to enhance the concepts covered in each chapter.
Aplia, developed by Paul Romer specifically for economics students, accompanies this text allowing students to practise, revise and see the bigger picture as they do homework and assignments
CourseMate provides additional practice, a study guide, videos, games, and a graphing tool.

New to the Edition
“What do Australian Economists think about...” using data from ESA related to current or recent policy issues.
Margin icons will be used to integrate text more tightly with the technology.
NEW chapter on global financial crisis in Macroeconomics section.