Includes bibliographical references and index.

1. Markets : how they work -- 2. Markets : why they fail -- 3. Managing the economy -- 4. Industrial economics -- 5. Labour markets -- 6. Economic development -- 7. The UK in the global economy.

This book has been written specifically to meet the needs of AS and A2 students following the Edexcel specification and provides comprehensive, up-to-date coverage of the subject content. Carefully structured around the Edexcel specification,the book combines clear and concise explanation and analysis of econimic terms and concepts with frequent examples that show the application of these concepts to real-world situations. Exercises throughout the book enable students to engage actively in economic analysis while a selection of past examination questions at the end of each section helps students prepare for their exams. Answers to the exercises and examination questions are provided in an accompanying Teacher Answer Guide, which is available for purchase by teachers.