NEW TO THIS EDITON: · An introductory section on the Core Principles of Economics · A section on Game Theory and its importance in market structure · A chapter on 'Markets and States', which considers appropriate roles for both the market and the State while also examining market and State failures · A chapter on 'Development and Transition' which examines a range of economic issues, problems and policies relating to developing countries and former socialist transition countries · Contains updates on national partnership, taxation, competition policy and market liberalisation · Provides updated information on the European Central Bank, the Euro, the Stability and Growth Pact and the Celtic Tiger ·New case studies and sets of questions at the end of each chapter Also Includes FREE dynamic, interactive CD, which offers the following to students and lecturers: · Interactive graphs and quizzes using Java Applets, which create an environment of 'learning by doing' · Self-Test Multiple Choice Questions · Uses macromedia flash to create colourful, animated and interactive lessons on the Principles of Economics