Overview

Foundations of Economics, Second Edition, is a concise text for non-specialist students taking one semester economics modules. This new edition offers the proven consistency, quality, and clarity of the parent text, Economics Seventh Edition, the “student bible” (BBC Radio Four) in the discipline.

Maintaining these strengths, the structure and coverage of the second edition have been tailored to provide more depth and focus on the basic economic concepts tackled on a short introductory economics module. The new edition has expanded sections focusing on key topics, explaining economic principles in clear non-technical language, ideal for students from a variety of non-quantitative disciplines, such as social sciences and business studies.

Professor David Begg
David’s research focuses mainly on monetary policy, exchange rates, monetary union, and economic transition. He is a Research Fellow of the Centre for Economic Policy Research, a network of leading European economists. He co-authored several of the CEPR annual reports in the series he helped found: Monitoring the European Central Bank, and Monitoring European Integration. The 1997 MEI Report, EMU: getting the endgame right, changed the policy that the European Union adopted to launch the euro 1999. He was also founding Managing Editor of Economic Policy, now an official journal of the European Economic Association.

David has always been interested in applying economic theory to policy design. He spent a year as Economic Policy Adviser at the Bank of England; was commissioned by the IMF to assess the quality of its monetary policy advice in Central and Eastern Europe; and is currently a member of the group of economics professors that meet regularly with Gordon Brown.

David is also committed to management education. He has provided in-house training for the government of Czechoslovakia, the National Bank of Hungary, the Bank of England, and HM Treasury. He has also been Senior Tutor of the Oxford University Business Summer School.