Recent changes in UK economic structure are covered in this study of the application of basic economic analysis to the central economic problems of the time. Guidance about methods of applying economic theory is given and it aims to combine information with analysis in over 27 separate topic areas, examining the major economic issues arising within each topic area. Although focusing on the UK, reference is made throughout to the experience of the other advanced industrialized countries, so helping the reader place any observations on the UK in a broader international context. "Applied Economics" is designed for undergraduate students in the first and second years of degree courses in economics, the social sciences and business studies and for those taking professional courses with an economic content. The material may also be useful to many involved in Higher and National Diplomas and Certificates of the BTEC and to serious A level students.

Table of Contents:
Changes in the UK economic structure; company accounts as a source of financial information; firm objectives and firm behaviour; the small firm; mergers and aquisitions in the growth of the firm; oligopoly; the multinational enterprise; the nationalized industries and privatization; pricing in practice; microelectronics and information technology; consumption and saving; investment; public expenditure; taxation; the UK financial system; money; inflation; unemployment; regional and urban policy; trade unions, wages and collective bargaining; distribution of income and wealth; sterling exchange rate; United Kingdom trade performance; protectionism; managing the economy; the European Economic Community; international money; a guide to sources.