Economics: A Southern African Context (3rd Edition)

Description:

Get to grips with the forces that shape our economy with Economics: A Southern African Context. This 3rd Edition takes the world-class economic theory of McConnell and Brue and applies it directly to Southern African challenges, from unemployment and inequality to regional trade and monetary policy. It makes complex macro and micro principles “easy” to understand through a local lens.

Why This Textbook is a Must-Have:

• Regional Relevance: Unlike generic international texts, this edition uses South African data, SARB (South African Reserve Bank) policy examples, and local case studies.

• Balanced Theory: Offers a comprehensive look at both Microeconomics (individual markets) and Macroeconomics (the national and global economy).

• Visual Learning: Loaded with clear, high-quality graphs and charts that illustrate how supply, demand, and fiscal policy actually work in practice.

• Student-Focused: Features “Quick Quizzes,” learning objectives, and end-of-chapter summaries designed to help you ace your exams.

Key Topics Covered:

• The Market System and the Circular Flow.

• Elasticity of Demand and Supply.

• Market Structures: From Perfect Competition to Monopolies.

• GDP, Inflation, and Unemployment in a Southern African context.

• Public Finance and Fiscal Policy.

• International Trade and the Balance of Payments.

Key Specifications:

• ISBN-13: 9781398917613

• Authors: J.J. van Rensburg, Campbell R. McConnell, Stanley L. Brue

• Publisher: McGraw-Hill Education

• Edition: 3rd Edition

• Format: Physical Paperback