With its blend of theory and application, this work communicates the vitality and relevance of the subject to students, helping them apply economic principles to the 'real world'. It also combines information and analysis of over 30 separate economic and business topic areas, and a chapter on Growth and Development.

Highly praised over ten editions for its clear presentation, its broad coverage of economic topics and its unique blend of theory and application, the eleventh edition of Applied Economics continues the traditions which have established it as the best selling text for students of applied economics. With its unique blend of theory and application, "Applied Economics" communicates the vitality and relevance of the subject to students, bringing economics to life and helping them apply economic principles to the 'real world'.

Contents Preface
Acknowledgements
1 Changes in the UK economic structure
PART I: THEORY OF THE FIRM 2 Financial reports as a source of corporate information 3 Firm objectives and firm behaviour 4 The small firm 5 Mergers and acquisitions in the growth of the firm 6 Oligopoly 7 The multinational corporation 8 Privatization and deregulation 9 Pricing in practice PART II: ENVIRONMENTAL, REGIONAL AND SOCIAL ECONOMICS 10 The economics of the environment 11 Regional and urban policy 12 Transport 13 Social policy 14 Distribution of income and wealth 15 Trade unions, wages and collective bargaining PART III: MACROECONOMICS 16 Consumption and saving 17 Investment 18 Public expenditure 19 Taxation 20 Money and EMU 21 Financial institutions and markets 22 Inflation 23 Unemployment 24 Managing the economy PART IV: INTERNATIONAL ECONOMICS 25 Globalization 26 Exchange rates 27 United Kingdom trade performance 28 Free trade, regional trading blocs and protectionism 29 The European Union 30 Growth and Development A guide to sources Statistical sources Information sources Other applied materials Electronic Media Internet sources Notes on contributors Index