New editions of Griffiths and Wall are published every two years to ensure students are reading about today's economy. This fifth edition maintains the clear writing style and up-to-date economic analysis which has made the previous edition so popular with students and teachers alike. With its innovative mix of micro and macro topics it is ideally suited for all students of economics, particularly in business related courses. For the new edition, a brand new chapter on environmental economics has been added. In addition to the usual thorough updating of statistics and analysis, the new edition brings students up-to-date with key developments in the British economy and emphasises the growing importance of the European Community on all aspects of economic life. Provides an appropriate blend of applied and theoretical economics. Includes a completely new chapter on Environmental economics. Very readable and lively style. A much wider range of topics than any of its competitors. Includes business-related topics - ideal for business studies and professional courses. Updated to December 1992 - includes full coverage of the turmoil in the Exchange Rate Mechanism. Alan Griffiths is Senior Lecturer in Economics at the Anglia Polytechnic University. Stuart Wall is now a full-time author and editor, he was formerly Principal Lecturer and Head of Economics at the Anglia Polytechnic University.