Overview

Economics touches almost every aspect of life: from climate change policy to employee salaries, house prices to how much time one spends studying! Economics, 12th European Edition by Parkin, Powell & Matthews gets you to think like an economist by incorporating the latest policy, data and discussions on important global issues, and enables you to evaluate economic practices to make more informed decisions. This text offers a thorough overview with clear graphs to represent economic concepts visually, a strong focus on real-world applications, and regular opportunities to check your understanding. Case studies on current issues and features such as 'Economics in Action' showcase how economic theories apply to the latest developments in Europe and the UK, including European debates on offshore outsourcing, consideration of the impacts of food price growth caused by the invasion of Ukraine, and more. Take the path that all leading economists began on, with this comprehensive textbook. Pair this text with MyLab Economics MyLab is the teaching and learning platform available to support this title. By combining trusted author content with digital tools and a flexible learning experience, MyLab Economics personalises learning and assessment to help improve results MyLab Economics is not included with this title. If you would like to purchase both the physical textbook and MyLab (which also comes with the eBook), search for: 9781292750002 which consists of: Print textbook eTextbook MyLab Economics

Full Product Details

Author:   Michael Parkin ,  Melanie Powell ,  Kent Matthews
Publisher:   Pearson Education Limited
Imprint:   Pearson Education Limited
Edition:   12th edition
ISBN:  

9781292482132

ISBN 10:   1292482133
Publication Date:   08 March 2026
Audience:   College/higher education ,  Tertiary & Higher Education
Format:   Paperback
Publisher's Status:   Forthcoming
Availability:   Not yet available  
This item is yet to be released. You can pre-order this item and we will dispatch it to you upon its release.

Table of Contents

PART 1: INTRODUCTION What is Economics? The Economic Problem PART 2: HOW MARKETS WORK Demand and Supply Elasticity Efficiency And Equity Government Actions in Markets Global Markets in Action PART 3: HOUSEHOLDS' CHOICES Utility and Demand Possibilities, Preferences, and Choices PART 4: FIRMS AND MARKETS Organizing Production Output and Costs Perfect Competition Monopoly Monopolistic Competition Oligopoly PART 5: MARKET FAILURE AND GOVERNMENT Public Choices, Public Goods, and Healthcare Externalities PART 6: FACTOR MARKETS, INEQUALITY, AND UNCERTAINTY Markets for Factors of Production Economic Inequality Uncertainty and Information PART 7: MONITORING MACROECONOMIC PERFORMANCE Monitoring the Value of Production: GDP Monitoring Jobs and Inflation PART 8: MACROECONOMIC TRENDS Economic Growth Finance, Saving, and Investment Money, the Price Level, and Inflation The Exchange Rate and the Balance of Payments PART 9: MACROECONOMIC FLUCTUATIONS Aggregate Supply and Aggregate Demand Expenditure Multipliers The Business Cycle, Inflation, and Deflation PART 10: MACROECONOMIC POLICY Fiscal Policy Monetary Policy

Reviews

Author Information

Michael Parkin is Professor Emeritus of the University of Western Ontario. His books are used by over a million students across the world. Melanie Powell is Senior Lecturer in Economics and Postgraduate Course Director at Derby University Business School. Kent Matthews is Sir Julian Hodge Professor of Banking and Finance at the Cardiff Business School, Cardiff University, and Professor in Banking at Nottingham University Business School, University of Nottingham Ningbo China.

Tab Content 6

Author Website:  

Countries Available

All regions