Book DetailAuthor/Editor(s): Tony Cleaver
Publication Date: October 4, 2014
Size: 2.27 MB
Book DescriptionNow 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 reduce poverty
- The impact of economics on the environment
With a glossary of terms, suggestions for further reading and new case studies covering subjects such as the choices facing developing economies, the impact of growth on the price of natural resources and the aftermath of the financial crash; this comprehensive and accessible guide is essential reading for anyone who wants to understand how economics works.
Part of "The Basics" series, this fully updated version of the 2011 edition (CH, Aug'11, 48-7028) takes into account the global recession, ongoing problems in Eurozone economies, changing patterns in world trade, and housing and currency markets. The book is enhanced because Cleaver (Univ. of Los Andes, Colombia) includes revised tables and charts and a well-chosen guide to further reading at the end of each chapter. As in previous editions, the book is a condensed survey of a standard university-level introductory economics course. Short on jargon and math and long on snappy writing and anecdotes, the overview will be most useful to readers who want to know the reasons economists disagree about current policy issues. Topics covered include the price mechanism, market structures, inflation, unemployment, banking and central bank policies, globalization, poverty, and the environment. Unfortunately, poorly constructed figures and oddly placed box layouts detract from an otherwise highly useful guide to current economic thinking.
--M. H. Maier, Glendale Community College