Economics: Global and Southern African Perspectives 3/E
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Economics: Global and Southern African Perspectives 3/E

M Parkin, K Thompson, G Antrobus, J Bruce-Brand, A Fourie, M Kohler, N Mahonye, M Mlilo, L Neethling, B Rhodes, A Saayman, V Schöer, D Scholtz, C Smit

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eBook - PDF
No longer available

Economics: Global and Southern African Perspectives 3/E

M Parkin, K Thompson, G Antrobus, J Bruce-Brand, A Fourie, M Kohler, N Mahonye, M Mlilo, L Neethling, B Rhodes, A Saayman, V Schöer, D Scholtz, C Smit

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About This Book

This 3rdedition of Economics: Global and Southern African Perspectives is an adaptation of the 13thedition of Michael Parkin's internationally renowned textbook. In this new edition, the focus is once again on combining Parkin's expertise and international perspective with local examples, knowledge and context. Economics: Global and Southern African Perspectives 3rdedition aims to change the way that students see the world and open their eyes to the "economic way of thinking". It is the ideal book for university students learning core principles of micro- and macroeconomics. Furthermore, all figures and tables have been replaced and adjusted to display South African data and rand equivalents, and some study plan problems and applications have been adapted to better reflect the South African environment and context. The "Reading between the lines" feature reflects on topics such as inflation, youth unemployment, income inequality, the effects of political shocks on the South African rand, and the affordability of biofuels. About the authors
Michael Parkin is in the Department of Economics at the University of Western Ontario, Canada.
Geoffrey Antrobus is Emeritus Professor of Economics at Rhodes University.
Janet Bruce-Brand taught Economics at the University of Natal and is now a researcher in private practice.
Alica Fourie is a senior lecturer in Economics at the North-West University.
Marcel Kohler has taught Economics at the University of KwaZulu-Natal.
Nyasha Mahonye is a senior lecturer in the School of Economic and Business Sciences (SEBS) at the University of the Witwatersrand.
Mthokozisi Mlilo has taught at the University of the Witwatersrand and other institutions in South Africa.
Leigh Neethling is a lecturer in the School of Economics at the University of Cape Town.
Bruce Rhodes is teaching at the University of KwaZulu-Natal.
Andrea Saayman is professor of Economics at North-West University, Potchefstroom.
Volker Schö er is an associate professor in the Department of Economics at the University of the Witwatersrand.
Dirk Scholtz teaches Economics at the University of Pretoria.
Carina Smit is a lecturer at the University of Stellenbosch.
Kirsten Thompson is an economist in private practice. This eBook is in ePDF format, which enables youto:

  • View the entire book offline on desktop ortablet;
  • Search for and highlight text;and
  • Add and edit personal notes directly in youreBook.

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Information

Year
2020
ISBN
9781485716808
Edition
3
PART 
THREE 
Households’ 
choices
New 
ways 
of 
explaining 
consumer 
choices
193
How 
does 
this 
apply 
to 
the 
rest 
of 
the 
economy?
Supply 
and 
demand 
affect 
all 
of 
our 
salaries. 
For 
some 
jobs, 
many 
people 
have 
the 
right 
skills, 
and 
so 
companies 
don’t 
need 
to 
compete 
for 
workers. 
ey 
can 
hire 
people 
without 
offering 
high 
wages.
job 
will 
also 
be 
low-paid 
if 
the 
role 
does 
not 
earn 
much 
money 
for 
the 
firm, 
making 
higher 
wage unprofitable.
For 
other 
jobs, 
finding 
suitable 
people 
is 
hard. 
Employers 
have 
to 
compete 
for 
the 
best 
workers. 
As with 
professional 
footballers, 
they 
are 
willing 
to 
pay 
lot 
if 
the 
job 
allows 
the 
company 
to 
make 
more money.
Messi 
and 
Ronaldo 
are 
among 
the 
highest 
paid 
soccer 
stars.

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