This highly accessible yet authoritative book is essential reading for all AS students following the Edexcel Economics specification. It recognises that AS students will probably be meeting Economics for the first time. Combines clear and concise explanations and analysis of economic terms and concepts with frequent examples that show the application of those concepts to real-world situations. Exercises throughout the book enable students to engage in economic analysis in an active way that assists learning. - Comprehensive coverage of the specification content - Explains key terms and concepts - Includes real-world examples - Features regular summaries throughout each chapter for quick revision - Provides exercises to engage students in economic analysis The book is supported by a Teacher Guide (9780340948057), including full commentary on the exercises together with additional questions and discussion points.