Economics touches almost every aspect of life, from climate change, terrorism and the development of new drugs, to taxes, house prices, wages, what to eat for dinner and how much time to spend studying. Thinking like an economist will enable you to understand human behaviour, make more informed decisions, and evaluate economic policies. The leading economists in the news today started out like you, as students taking a course in the principles of economics. Like them, you can learn to think like an economist, and this book will show you how. Economics, Seventh Edition, introduces the central ideas of economics and explains them using a straightforward, precise and clear writing style.