A comprehensive yet succinct overview of the theory and practice of economics. *New to this edition: * The Irish banking crisis and how it was caused * The collapse of the 'Celtic Tiger' economy * The deterioration in the Irish Government's finances * The economics of recession * The IMF/EU bailout * The sovereign debt crisis in the eurozone * The new constraints on Irish Government fiscal policy * New macroeconomic data reflecting the changed economic conditions of the Irish economy * Medium-term prospects for the Irish economy. * Provides instant access to key economic facts and concepts. * Simply and logically presented with test questions included at the end of each chapter. Written For: * Those studying economics as part of an undergraduate diploma or degree. * Students of professional exams. * Postgraduate diploma students. A comprehensive yet succinct overview of the theory and practice of economics.New to this edition: Revised chapters incorporate new material regarding: The Irish banking crisis and how it was caused The collapse of the 'Celtic Tiger' economy The deterioration in the Irish Government's finances The economics of recession The IMF/EU bailout The sovereign debt crisis in the eurozone The new constraints on Irish Government fiscal policy New macroeconomic data reflecting the changed economic conditions of the Irish economy Medium-term prospects for the Irish economy. Provides instant access to key economic facts and concepts. Simply and logically presented with test questions included at the end of each chapter.