Contemporary Economics: An Applications Approach / Edition 8

by Robert Carbaugh

Overview

The 8^th Edition of Contemporary Economics continues to offer a clear, concise presentation of basic micro- and macroeconomic theory. Emphasising how the discipline of economics connects to the world, the book takes a friendly and accessible tone, illustrating theory with applications. New and updated topics include: energy and oil; economic sanctions on Russia and Iran; the Eurozone Crisis; the Trans-Pacific Partnership; and China and the world currency market.

Product Details

ISBN-13:	9781138652194
Publisher:	Taylor & Francis
Publication date:	09/22/2016
Edition description:	Revised
Pages:	498
Sales rank:	1,010,689
Product dimensions:	7.44(w) x 9.69(h) x (d)

About the Author

Robert Carbaugh is Professor Emeritus of Economics at Central Washington University, USA.

Table of Contents

Part I: Introduction 1. Scarcity and Choice Part 2: 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. Labor Markets 8. Government and Markets Part 3: 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 4: The International Economy 16. International Trade and the Global Economy 17. International Finance 18. Economic Systems and Developing Countries

Editorial Reviews

‘For introductory economics, my students have always done their best work when the text offers current and lively references to applied topics that explain how our theoretical models work. Professor Carbaugh offers clear and balanced explanations of theory that are illuminated by fresh contemporary examples. Carbaugh has a gift for writing that is engaging, and he uses language that makes the subject accessible to the greenest of readers. The graphics in this book are similarly clear and attractive. This text will continue to produce deep learning for students who are taking their first steps to explore the ways economists consider the world around us.’ – Laurence Malone, Professor of Economics, Hartwick College, USA

From the Publisher