ABSTRACT
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.
TABLE OF CONTENTS
part |28 pages
Introduction
chapter |27 pages
Scarcity and Choice
part |174 pages
the Microeconomy
chapter |27 pages
Market Transactions: Demand and Supply Analysis
chapter |19 pages
Demand and Supply Applications
chapter |23 pages
Production and the Costs of Production
chapter |32 pages
Competition and Monopoly: Virtues and Vices
chapter |24 pages
Imperfect Competition
chapter |25 pages
Labor Markets
chapter |23 pages
Government and Markets
part |180 pages
the Macroeconomy
chapter |30 pages
The Mixed Economy of the United States
chapter |23 pages
Gross Domestic Product and Economic Growth
chapter |28 pages
The Business Cycle, Unemployment, and Inflation
chapter |24 pages
Macroeconomic Instability: Aggregate Demand and Aggregate Supply
chapter |23 pages
Fiscal Policy and the Federal Budget
chapter |27 pages
Money and the Banking System
chapter |24 pages
The Federal Reserve and Monetary Policy
part |58 pages
the International Economy