Contemporary Economics

Contemporary Economics : An Applications Approach

3.42 (14 ratings by Goodreads)
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The new edition of this popular text combines a clear, concise presentation of basic micro- and macroeconomic theory with up-to-date coverage of the U.S. economic recovery as well as international issues. The author's treatment of current debates over banking regulation, fiscal issues, and other hot topics is always well-balanced. Many students in an introductory economics course are non-majors, so Carbaugh keeps things light and friendly and uses lots of applications to hold the reader's interest.
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Product details

  • Paperback | 480 pages
  • 203.2 x 246.38 x 27.94mm | 884.5g
  • Taylor & Francis Inc
  • M.E. Sharpe
  • Armonk, United States
  • English
  • Revised
  • 7th Revised edition
  • 0765641771
  • 9780765641779

Review quote

This is a great text and a perfect fit for the course I teach for Eastern Kentucky University. It doesn't try to be a combined principles of micro/macro text: Carbaugh focuses on economic reasoning and issues. The book is both instructor and student friendly without sacrificing content. It strikes a nice balance of challenging students while fostering their academic success in learning economic analysis." -- Chris Phillips, Somerset Community College "The text is written in a very user-friendly, highly accessible style that draws in the reader. The introduction to and overview of basic macro and micro theory are at just the right level for an introductory text and the many applications of the theory are current, relevant and engaging." -- John Olienyk, Colorado State University "It is the most globalized book that I have seen yet for this course." -- Barry Kotlove, Edmonds Community College (on the previous edition) "My students are consistently impressed by how up to date the contemporary issues are." -- Laurence J. Malone, Hartwick College (on the previous edition) "I definitely like this text. It seems to be very current, uses relevant applications, and is easy to read and understand." -- Vicki D. Rostedt, University of Akron (on the previous edition)
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Table of contents

Part 1. 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
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About Robert J. Carbaugh

Robert J. Carbaugh, Central Washington University, USA
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Rating details

14 ratings
3.42 out of 5 stars
5 0% (0)
4 43% (6)
3 57% (8)
2 0% (0)
1 0% (0)
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