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
  

Table of Contents:
PART 1: Competitive markets – how they work and why they fail
Chapter 1 Introducing economics
Chapter 2 The nature of demand
Chapter 3 The nature of supply
Chapter 4 Market equilibrium and price
Chapter 5 The price mechanism
Chapter 6 The market for labour
Chapter 7 Market failure
Chapter 8 Government intervention and government failure
Review of Part 1
PART 2: Managing the economy
Chapter 9 Measuring economic performance
Chapter 10 Income and wealth
Chapter 11 Aggregate demand
Chapter 12 Aggregate supply
Chapter 13 Macroeconomic equilibrium
Chapter 14 Economic growth
Chapter 15 Macroeconomic policy objectives
Chapter 16 Macroeconomic policy instruments
Review 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.