The eleventh edition of this successful textbook for Economics majors has been thoroughly updated and revised to give more depth to core principles. Pitched at a level that will stretch readers but still comprehensible for beginners, Economics is explained in a straightforward manner, whilstmaintaining the rigour needed to enable students to progress with their studies. The book features a depth and breadth of topics combined with a balance of technical and applied material. In-depth explanations of theoretical concepts are balanced with a range of real world examples help students tounderstand and apply the concepts they have learnt. A supporting and newly expanded Online Resource Centre features supplements for lecturers including an instructor's manual; PowerPoint slides; answers to questions in the text; class exercises; and artwork from the text. Supplements for students include self-assessment multiple choice questionswith feedback; crosswords compiled from key glossary terms; a list of useful websites; maths appendices; past exam papers and additional case studies.

Professor Richard Lipsey is Professor Emeritus of Economics at Simon Fraser University in Canada. He has won a number of awards and distinctions for his contributions to Economics. He is a Fellow of the Canadian Institute for Advanced Research and was a member of their large scaleinternational research project on Economic Growth and Policy until its completion in 2002. Professor Lipsey has served as an independent policy advisor to national organizations in both the UK and Canada. He has authored several textbooks and over 150 articles on aspects of theoretical and appliedeconomics. Professor Alec Chrystal is Professor of Money and Banking at Sir John Cass Business School, City of London. Prior to this he was Professor of Economics at Sheffield University. Professor Chrystal has also served as a senior advisor to the Bank of England's monetary analysis wing and isVice-President of the British Association for the Advancement of Science Section F (Economics). He is a member of the editorial board of the Review of Financial Economics and is a committee member of the Money, Macro and Finance Study Group. He has published widely in this area, authoring severalbooks and monographs as well as articles featured in a number of journals.