Real World Economics links the three core elements of economics-theory, models and real-life examples-and follows the sequence of chapters most commonly used in first-year micro- and macro- economics textbooks. Interesting and relevant newspaper articles are contained in each chapter, clearly showing the connection between economic theory and real-world events. Each article is followed by an In Context section that helps students to make the connection between theory and practice. The Hints section assists students to frame an answer to the questions that are posed.