Grundzüge der Volkswirtschaftslehre

Does the rent control help find affordable housing? What impact does the minimum wage have? Are the U.S. trade balance deficits a problem? What do negative interest rates mean for Europe?

These striking examples make it clear: economics takes place in the midst of life. This well-founded and realistic textbook has become a bestseller worldwide – also due to its clear language and well-developed didactic concept. Economics cannot be conveyed more vividly!

The new edition has been thoroughly updated and supplemented with new topics, including sustainable growth and climate goals, as well as the economic policy effects of the Covid-19 pandemic. It features updated case studies and practical examples on topics such as stagflation in Germany, Industry 4.0, the four-day workweek, trade wars, and climate change.

With review questions and numerous exercises in the book, along with detailed solutions in the accompanying workbook by Marco Herrmann.