Publisher's Synopsis
This work is designed to develop students' ability to think on economic issues. It does this by showing how economic models can be used to interpret and understand events in the news. The book adopts an informative style and sets out not only to help students to understand economic theory, but also to apply that theory to the real world. Taking an event in the news, the book gives an essence of the story and then provides an economic analysis and conclusion. Edited articles from "The Economist" are included. Other features include: an introduction giving advice to students on examining data; student model answers; data analysis questions; and suggested sources for further reading.