With its focus on real world cases and applications, CONTEMPORARY ECONOMICS has earned a reputation for being student-oriented and easy to understand. Inside, you'll find out how economics can save you money, how it works internationally, and how it impacts government policies. Best of all, this easy-to-read version helps you review for class and improve your grades on tests.
Known for his excellence in teaching, Robert J. Carbaugh is Professor of Economics at Central Washington University. He has been lauded with top teaching awards that include the1984 Excellence in Teaching award at 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 the 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". The lecture was presented at Oxford University in England. For over 25 years, Professor Carbaugh has taught these subjects, as well as managerial economics, money and banking, and both introductory and intermediate levels of microeconomics and macroeconomics.
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. Labor Market Issues. 8. Government and 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 Systems and Developing Countries.