Contemporary Economics: An Applications Approach / Edition 3

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Overview

Like the author's best-selling, highly regarded International Economics text, this book integrates a clear and concise presentation of economic theory with an abundance of real-world cases and applications. Rather than discussing economic theory in the abstract, and then including real-world applications in separate sections, the text weaves applications into all theoretical discussions. There is no other Survey text that emphasizes real-world applications to this degree.

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Product Details

  • ISBN-13: 9780324260120
  • Publisher: Cengage Learning
  • Publication date: 1/30/2004
  • Edition description: Older Edition
  • Edition number: 3
  • Pages: 648
  • Product dimensions: 7.20 (w) x 9.10 (h) x 1.00 (d)

Meet the Author

Known for his excellence in teaching, Robert J. Carbaugh is Professor of Economics at Central Washington University. He has been honored with numerous top teaching awards, including the 1984 Excellence in Teaching award at the University of Wisconsin, Eau Claire, and the Distinguished Professor of the University award at Central Washington University in 1993. In 1996, Professor Carbaugh was named Scholar of the Year by the Phi Kappa Phi Honorary Society at Central Washington University. In 2001, he received the Distinguished Professor of the University award for Research at Central Washington University. In 2004, Carbaugh was invited by the Directors of the Oxford Round Table to present a lecture, 'Trade and Environmental Frictions in the Global Steel Industry,' at Oxford University in England. For over 25 years, Professor Carbaugh has taught international economics, as well as managerial economics, money and banking, and both introductory and intermediate levels of microeconomics and macroeconomics.

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Table of Contents

PART I: INTRODUCTION. 1. Scarcity and Choice. PART II: THE MICROECONOMY. 2. Market Transactions: Demand and Supply Analysis. 3. Demand and Supply Applications. 4. Production and the Costs of Production. 5. Competition and Monopoly: Virtues and Vices. 6. Imperfect Competition. 7. Government and Markets. 8. Labor Markets. PART III: THE MACROECONOMY. 9. The Mixed Economy of the United States. 10. Gross Domestic Product and Economic Growth. 11. The Business Cycle, Unemployment, and Inflation. 12. Macroeconomic Instability: Aggregate Demand and Aggregate Supply. 13. Fiscal Policy and the Federal Budget. 14. Money and the Banking System. 15. The Federal Reserve and Monetary Policy. PART IV: THE INTERNATIONAL ECONOMY. 16. The United States and the Global Economy. 17. International Finance. 18. Economic Environments and the Economics of Developing Countries.

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