Principles of Economics, 1st Australian edition, is an adaptation of an original work by internationally renowned economists Joseph Stiglitz and Carl Walsh. The adapting Australian author team have contextualised the content to suit the needs of Australian university students. Key introductory microeconomic and macroeconomics concepts are explained using the latest theory and research, with data relevant to the Australian economy. Throughout the text,...
More DescriptionPrinciples of Economics, 1st Australian edition, is an adaptation of an original work by internationally
renowned economists Joseph Stiglitz and Carl Walsh. The adapting Australian author team have
contextualised the content to suit the needs of Australian university students.
Key introductory microeconomic and macroeconomics concepts are explained using the latest theory
and research, with data relevant to the Australian economy. Throughout the text, these concepts are
applied to contemporary local economic issues for businesses and individuals, such as:
* The Australian dollar
* The mining industry
* The National Broadband Network
* Petrol prices
* Privatisation
* The banking and finance sectors
* The automotive industry
* The carbon tax
* The ageing population
* Skills shortages
* International trade
In addition to a thorough analysis of the contemporary economic landscape in Australia, the text
provides useful international comparisons with economies in Asia and Europe, as well as that of the
United States.
At a concise 15 chapters, this textbook is an ideal resource for a one semester university course in
introductory economics