Anne Garnett

Essentials of Economics, 6th Australian edition is the market-leading introductory text, making economic principles relevant by demonstrating how businesses, individuals and policymakers use them to make decisions every day. It provides the expected rigour for the discipline with easy-to-understand explorations of the key concepts while being highly supported by real-world business examples and policy applications that bring these concepts to life.

The 6th edition has been revised to provide students with the most up-to-date and relevant content they need to succeed in the field of economics. In the past few years, to take just a few relevant examples, we have witnessed the introduction of generative artificial intelligence (AI) into mainstream use, the runaway success of smartphones and tablet computers, the rapid growth of the sharing economy including companies such as Uber and Airbnb, increased policy debate about how best to address climate change, and experienced the global impact of the economic contractions and recessions resulting from the COVID-19 pandemic and the subsequent high rates of inflation. This new edition helps students understand these changing economic realities.

Covering the core economics principles and providing engaging, relevant examples within just nineteen Chapters, Hubbard Essentials of Economics is the perfect teaching and learning resource for a one semester unit. The authors present economics as a dynamic, relevant discipline for Australasian students. Each chapter of the text opens with a case study featuring a real business or real business situation, refers to the study throughout the Chapter, and concludes with An Inside Look—a news article format which illustrates how a key principle covered in the Chapter relates to real business situations or was used by a real company to make a real business decision.