Summary: This Teacher Guide provides answers and/or commentary to all of the questions and exercises that appear in the textbook. It also includes additional exercises for each chapter and practice questions for the examination. The material is addressed to the student, and is designed to be photocopied and distributed after students have had the opportunity to work through the exercises and questions in the textbook themselves. Where appropriate, an explanation of the answer is provided as well.
Fully photocopiable Free CD-ROM Supports the textbook content
Fully photocopiable
Free CD-ROM
Supports the textbook content
Table of Contents: PART 1: Competitive markets – how they work and why they failChapter 1 Introducing economicsChapter 2 The nature of demandChapter 3 The nature of supplyChapter 4 Market equilibrium and priceChapter 5 The price mechanismChapter 6 The market for labourChapter 7 Market failureChapter 8 Government intervention and government failureReview of Part 1PART 2: Managing the economyChapter 9 Measuring economic performanceChapter 10 Income and wealthChapter 11 Aggregate demandChapter 12 Aggregate supplyChapter 13 Macroeconomic equilibriumChapter 14 Economic growthChapter 15 Macroeconomic policy objectivesChapter 16 Macroeconomic policy instrumentsReview of Part 2
About the Author(s): Peter Smith is a senior lecturer in the Economics Division at the University of Southampton, and is editor of Economic Review, published by Philip Allan Updates. He is a Fellow of the Higher Education Academy, and an Associate of the Academy's Economics Network.