The 8th 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.
This new edition comes with updated applications and data to reflect the changing world events since the previous edition was published. With a vast range of updated applications, the handbook uses real world, globally relevant examples that make the subject easy to understand. New and updated topics include:
Energy and oil
Economic sanctions on Russia and Iran
The Eurozone Crisis
The Trans-Pacific Partnership
China and the world currency market
Including a Companion Website complete with instructor's manual, lecture slides and test bank, as well as an online study guide and multiple choice questions for students, Contemporary Economics is suitable for both economics students and non-majors studying economics and economic issues at the introductory level.
Robert Carbaugh is Professor of Economics at Central Washington University, USA.
Table of Contents Part 1: Introduction Chapter 1 Scarcity and Choice Part 2: The Microeconomy Chapter 2 Market Transactions: Demand and Supply Analysis Chapter 3 Demand and Supply Applications Chapter 4 Production and the Costs of Production Chapter 5 Competition and Monopoly: Virtues and Vices Chapter 6 Imperfect Competition Chapter 7 Labor Markets Chapter 8 Government and Markets Part 3: The Macroeconomy Chapter 9 The Mixed Economy of the United States Chapter 10 Gross Domestic Product and Economic Growth Chapter 11 The Business Cycle, Unemployment, and Inflation Chapter 12 Macroeconomic Instability: Aggregate Demand and Aggregate Supply Chapter 13 Fiscal Policy and the Federal Budget Chapter 14 Money and the Banking System Chapter 15 The Federal Reserve and Monetary Policy Part 4: The International Economy Chapter 16 International Trade and the Global Economy Chapter 17 International Finance Chapter 18 Economic Systems and Developing Countries