Economics: the basics

"Now in its fourth edition, Economics: The Basics continues to provide an engaging and topical introduction to the key issues in contemporary economics. The new edition has been fully updated to take into account recent world economic events and key developments, such as the impact of the COVID-19 pandemic and the war in Ukraine, recurring financial crises, deglobalization and changing patterns in international trade, the rise of China, the digital economy, rising inflation, and housing and currency markets. It 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 reduce poverty and protect the environment With a glossary of terms, suggestions for further reading and new case studies, this comprehensive and accessible guide is essential reading for first-year undergraduate economics students and anyone who wants to understand how economics works"--

Cover -- Half Title -- Series Page -- Title Page -- Copyright Page -- Table of Contents -- 1 Introduction -- 2 We Cannot Keep Going Like This -- 3 Economic Systems -- 4 Neoclassical Economics, the Price Mechanism and Equilibrium -- 5 The Business of Supply -- 6 The Changing World of Macroeconomics -- 7 Money, Banking and Financial Folly -- 8 International Trade: Theory and Applications -- 9 Can We Reduce Poverty and Protect the Environment? -- Epilogue -- Glossary -- Index.

1. A world in upheaval -- 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?.

Now in its third edition, Economics: The Basics continues to provide an engaging and topical introduction to the key issues in contemporary economics. Fully updated to take into account the global recession, ongoing problems in Eurozone economies, changing patterns in world trade, housing and currency markets, it 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 red