Richard W. Witztum is a Fellow of The Royal Society of Arts and the Institute of Actuaries. He has worked as an actuary with the National Health Service and as an economist with the British Government, Imperial Tobacco and Lloyds TSB. A graduate of the London School of Economics, he has a PhD in economics from the University of Manchester. He lectures in economics at the University of Westminster.
For educators, this book is a valuable resource in the classroom. Its concise style will help to avoid the clutter of notes, while its clear, logical and concise presentation will help students grasp the essence of the key concepts. This book is an ideal companion to the authors' textbook, Economics for Everyone (Jameson and Witztum, Palgrave Macmillan), which covers similar material and is equally accessible for students and teachers alike.
Robert J. Jameson is Professor of Macroeconomics at the University of Westminster. He is a Fellow of the Institute of Actuaries, the Royal Society of Arts and the Royal Economic Society. He was previously a lecturer in economics at Cardiff University and an economist with the Economic and Social Research Council. He is the author of a number of bestselling macroeconomics textbooks.
This book should be useful to students at all levels. Those at the undergraduate level should be able to gain a good understanding of the logic of economic analysis. Those at the postgraduate level should be able to develop solid foundations in microeconomics and macroeconomics, and be able to apply these concepts to real world situations. This is an ideal book for university students in both economics and the social sciences, and also for economics undergraduates wishing to pursue further study.
The book is divided into three parts. Part 1 presents microeconomic theory, covering the basic concepts of economics and their application to real life situations such as employment, investment and consumption. Part 2 covers the macroeconomic aspect of the economy, including its supply and demand relationships, price setting and changes in economic activity. Lastly, Part 3 discusses the major macroeconomic variables including income and output. It also includes chapters on income distribution and policy - how these are affected by the economy. This is supplemented by useful appendices and a glossary of economic terms.
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