Economics: The Basics 2nd Edition

Now in its second edition, Economics: The Basics provides an engaging and topical introduction to the key issues in contemporary economics. Fully updated to take into account the economic recession, changing patterns in world trade, housing and currency markets, this book covers fundamental issues, including:


How different economic systems function


The boom and bust cycle of market economies


The impact of emerging markets


How price, supply and demand interact


The role of the banking and finance industry


Whether we can emerge from recession and reduce poverty


The impact of economics on the environment
With a glossary of terms, suggestions for further reading and new case studies covering subjects including the sub-prime mortgage crisis, changing commodity prices and speculative bubbles, this comprehensive and accessible guide is essential reading for anyone who wants to understand how economics works.

Tony Cleaver is Senior Teaching Fellow in Economics at the University of Durham, UK

1. Introduction 2. A Choice of Economic Systems 3. Prices, Markets, Coffee and Real Estate 4. The Business of Supply 5. Inflation and Unemployment: Boom and Bust 6. Money, Banks, Bubbles and Crises 7. National Income, World Trade and Multinational Enterprise 8. Can we Reduce Poverty and Protect the Environment? Glossary