The book aims to simplify the array of confusing economic analyses and present a straightforward and balanced approach that effectively teaches the application of basic economics principles. Only essential material is included in the book and key concepts are explained in clear and simple terms.
Written in an engaging and user-friendly manner, the book is designed for non-majors (although can also be used in these courses)
New to this Edition
About the Author
- Focus on the Global Financial and Economic Crisis of 2008 to the present, specifically in chapters 11-18
- New Chapter 10, focussing on resource taxation and climate change
- New cases, issues, policy discussions, questions
- New ’In Summary’ feature summarises key points that have been discussed in individual sections
Professor Allan Layton, BEcon. (Hons), MEcon., PhD, received his doctorate from the University of Queensland in 1982. Since then he has held academic posts at La Trobe University, Griffith University, Macquarie University, Columbia University in the USA, the University of Queensland, and the Queensland University of Technology (where he was Head of School of Economics and Public Policy (from 1992 – 1995), and then Head of School of Economics and Finance (from 1995 – 2005)). Since 2006, he has been at the University of Southern Queensland (USQ) and, in mid-2013, completed a seven year period as Dean of the Faculty of Business and Law. He continues at USQ as Professor of Economics and his research and teaching interests span international business-cycle analysis, financial and monetary economics, macroeconomic policy and applied econometrics. He is the author of Modern Australian Macroeconomics and has published widely in international academic journals. He has also served on a number of corporation boards and acted as consultant to both private- and public-sector organisations.
Professor Tim Robinson, BEcon. (Hons), PhD (Qld), worked in the private sector for seven years prior to embarking upon an academic career. Part of his time in the private sector was spent running his own small business. He is currently Emeritus Professor of Economics at Queensland University of Technology where he previously held the position of Professor and Head of School of Economics and Finance. As well as having taught introductory and intermediate economics at a number of universities over many years, he has also published in the areas of environmental economics, applied welfare economics, history of economic thought, the teaching of economics, and the new economy. Books he has authored or co-authored include Economic Theories of Exhaustible Resources, Work, Leisure and the Environment; Macroeconomics: A Contemporary Introduction and Microeconomics: A Contemporary Introduction. He has also undertaken economic consulting work in the areas of curriculum development, financial investment, taxation, and the environment.
Irvin B. Tucker
Dr. Irvin B. Tucker has more than 30 years of experience teaching introductory economics at the University of North Carolina Charlotte. He earned his BS in economics at North Carolina State University and his MA and PhD in economics from the University of South Carolina. He is a long-time member of the National Council on Economic Education. Dr. Tucker has served as executive director of the S.C. Council of Education and director of the Center for Economic Education at the University of North Carolina at Charlotte. He is recognized for his ability to relate basic principles to economic issues and public policy. His work has received national recognition with awards from the Meritorious Levy Award for Excellence in Private Enterprise Education, the Federation of Independent Business Award for Postsecondary Educator of the Year in Entrepreneurship and Economic Education, and the Freedom Foundation's George Washington Medal for Excellence in Economic Education. In addition, Dr. Tucker's research has been published in numerous professional journal articles on a wide range of topics, including industrial organization, entrepreneurship, and economics of education. Dr. Tucker is also the author of the highly successful SURVEY OF ECONOMICS, 9E and ECONOMICS AND FINANCE.