Macroeconomics is concerned with the economy as a whole. In macroeconomics, we develop an overall view of the economic system and we study total (or aggregate) economic behaviour. The emphasis is on topics such as total production, income and expenditure, economic growth, aggregate unemployment, the general price level, inflation and the balance of payments. Macroeconomics is therefore the world of totals.

This second edition of Understanding macroeconomics is a comprehensive revision and restructuring of the first edition, but still against a contemporary South African background. The major changes include the following: the chapter on money has been expanded and moved forward, and the material on the Keynesian model has been consolidated in two separate chapters, instead of being spread over different chapters . There is also a greater emphasis on the role of monetary and fiscal policy. New topics include the role of the ratings agencies and the notion of "radical economic transformation".

As in the first edition, the easy style and practical examples make the content extremely accessible. A wealth of relevant information about the South African economy is also provided. A companion to this book, Understanding microeconomics, is also available.

Like its predecessors, the sixth edition of Economics for South African students is a comprehensive introduction to economics in general, set against a contemporary South African background. The easy style and many practical examples make this publication extremely accessible.

The book covers all the material usually prescribed for introductory courses, and it lays a solid foundation for intermediate and advanced studies in economics. The sixth edition is a unique textbook. A number of experts have contributed short pieces under the collective title In the real world. We trust that these examples and case studies will be put to good use by lecturers (eg in discussion classes) while also providing students with more practical material to enhance their coursework.

Some of the topics covered by the In the real world pieces include:

• #Fees must fall ... to zero?Does free higher education exist?
• Land reform
• Nationalisation of the SARB
• What should the SARB target?
• Are tax incentives a good idea?

Economic indicators covers all the recent revisions of the GDP, the CPI, the PPI, the various labour market surveys, the balance of payments and other economic indicators. All the data that are used to illustrate and explain the various indicators have been updated and, as always, a wealth of data on the South African economy is provided.

In microeconomics, the decisions and functioning of individual consumers and households (what to do, what to buy, etc.), and firms or other organisations (what goods to produce, how to produce them, what prices to charge, etc.) are considered. It includes the study of the demand, supply and prices of individual goods and services such as petrol, maize, haircuts and medical services. Understanding microeconomics is a comprehensive introduction to microeconomics in general, set against a contemporary South African background. The easy style and many practical examples make the content extremely accessible. The book covers all the material usually prescribed for introductory courses, and it lays a solid foundation for intermediate and advanced studies in economics. This second edition is a thoroughly revised and slightly expanded version of the original one. Examples have been adjusted (where necessary), a few new topics are introduced and review questions are provided at the end of each chapter. A companion to this book, Understanding macroeconomics, is also available.

Ekonomie vir Suid-Afrikaanse studente is 'n omvattende inleiding tot ekonomie in die algemeen, teen 'n hedendaagse Suid-Afrikaanse agtergrond. Die gemaklike styl en talle praktiese voorbeelde maak hierdie publikasie besonder toeganklik. Die boek dek al die material wat gewoonlik vir inleidende kursusse voorgeskryf word en le 'n stewige grondslag vir intermediere en gevorderde studie in ekonomie. Die vyfde uitgawe is 'n herstruktureerde, omvattend hersiene en opgedateerde weergawe van die gewilde vierde uitgawe. Soos in die vorige uitgawes, val die klem op die toepassing van ekonomiese teorie. 'n Magdom tersaaklike inligting oor die Suid-Afrikaanse ekonomie word ook gegee.

Understanding the economy focuses on providing insights into the way the various parts of the economy fit together. The title is structured in a way that helps the reader avoid getting lost in a maze of concepts. A question and-answer format is used throughout, the questions being those that feature in economic debates in the media and those that are typically asked by interested nonspecialists. This title attempts to contribute to people's understanding of the economy by explaining key economic concepts, relationships and issues and the linkages between them in a practical and non-technical manner. A few elementary figures and graphs are also used to illustrate and explain certain key relationships.

This book compares five newly emerged democracies in Europe, South East Asia, Latin America, and Africa. Cutting across vastly different historical and cultural backgrounds, this book tells the story of how societies come to terms with a painful past and how politics, culture, and the economy intertwine in the process of creating new democratic nations. The volume pioneers a new approach to the study of democratization. It does so by combining comparative and interdisciplinary analysis of South Africa, Poland, (East) Germany, South Korea, and Chilethat is, five countries where a similar general thrust of democratization is set against the most diversified cultural and historical backgrounds.