This manual is designed to provide full coverage of the economics syllabuses of the main professional bodies in the United Kingdom, inlcuding the ACCA, CIMA, ICSA, and AAT. The manual will also prove useful for all students undertaking the first year course of an economics degree in a University, Polytechnic or College of Higher Education. Students preparing for the Institute of Bankers' examinations will find that the chapters on money and the banking system, monetary policy, the balance of payments and exchange rates cover the syllabus for the Monetary Economists paper. A student who conscientiously works through the manual, either by self-study or as part of a taught college course, will gain a thorough understanding of the basic principles of economics, practice in the application of these principles to current problems and an awareness of the impact of social and technological change on business and society.

Providing full coverage of the ACCA, CIMA, ICSA, AAT and IComA economics syllabuses, this text is also suitable for foundation accountancy courses, as a source book for BTEC and for the first year of economics degree courses. The 2nd edition takes account of developments in the UK and world economies, the break-up of the Soviet Union, and the impact of the recession on the UK economy. An ELBS/LPBB edition is available