Contemporary Economics (9^th Ed.) An Applications Approach

The ninth edition of Contemporary Economics continues to offer a clear, concise presentation of basic micro- and macroeconomic theory. Emphasizing 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 and contemporary issues 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.

Including a suite of digital resources including instructor?s manual, lecture slides, and test bank, Contemporary Economics is suitable for both economics students and non-majors studying economics and economic issues at the introductory level.

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

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