Understanding the Market 3e helps students appreciate that an understanding of economics can help make sense of the world. The text covers all theoretical elements of an introductory microeconomics course, whilst recognising that theory cannot be divorced from practice and policy.

This text provides a highly accessible non-mathematical introduction to microeconomics and is specially written to cater for the needs of students taking foundation courses in economics. Designed to provide students with the theory they need to understand the difficult concepts the text helps students recognise that an understanding of economics can help make sense of the world. Covering all the theoretical elements of an intro Microeconomics course the text recognises that theory cannot be divorced from practice and policy. Concepts are treated rigorously, but there are numerous applied examples provided as illustrations of the concepts.