A rigorous text aimed primarily at specialist Economics students and MBA students. Provides comprehensive coverage of introductory macroeconomics and microeconomics. Strong European and international coverage providing a balance of UK, European, and international examples, using contemporary issues to enable students to relate theory to the real world and enhance their learning. Pedagogic features including highlighted definitions of economic terms, short revision questions and updated end of chapter questions with more challenging questions to test learning. A supporting Online Resource Centre includes an Instructor's Manual, PowerPoint slides, self-assessment MCQs with feedback, useful web links and additional case studies. New to this edition Full coverage of the banking crisis and recession with revised sections on banking, the financial system and fiscal policy. A broad range of applied examples such as the cost of climate change, celebrity earnings and global inbalances in the economy are integrated throughout the chapters, reflecting the international content of this book. More end of chapter questions. Revised Online Resource Centre, including a new author blog and PowerPoint slides with audio commentary. The twelfth edition of this classic text has built upon the success of previous editions and has been thoroughly updated and revised to give students a deeper understanding and appreciation of the core principles of Economics. Suitable for beginners, Economics is accessible but has a rigour that will stretch readers to achieve their full potential. In-depth explanations of key theoretical concepts are balanced with a wide range of real-world examples to help students understand and apply their knowledge.