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Economics: The Basics

Economics: The Basics

          
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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, deglobalisation 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 multinational corporations
  • 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.

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About the Book

Economics: The Basics provides a fascinating introduction to the key issues in contemporary economics. With case studies ranging from the coffee plantations of El Salvador to the economic slowdown in Japan, it addresses questions such as whether increasing wealth for some always means increasing poverty for others, and whether producing more food for humankind means we drive other species to extinction. Comprehensive and easy to read, it is essential reading for anyone who wants to understand how economics works and why it is important.
Concise Blurb:
Economics: The Basics provides a fascinating introduction to the key issues in contemporary economics. With case studies ranging from the coffee plantations of El Salvador to the international oil industry and the economic slowdown in Japan, it addresses fundamental issues such as:
- Whether economic growth is always bad for the environment
- What impact multinational companies and the WTO haveon developing countries
- How price, markets, supply and demand interact across the world
- How money comes to have worth, and how this can be regulated
- How unemployment affects inflation
Comprehensive and easy to read, this accessible guidebook is essential reading for anyone who wants to understand how economics works and why it is important.


Economics: The Basics provides a fascinating introduction to the key issues in contemporary economics. With case studies ranging from the coffee plantations of El Salvador to the international oil industry and the economic slowdown in Japan, it addresses fundamental questions such as:
*Must increasing wealth for some mean increasing poverty for others?
*Does producing more food for humankind mean we drive other species to extinction?
*Is it true that, if we buy less coffee, farm incomes from Brazil to Kenya take a beating?
*Is granting people property rights the best way to preserve fish and wildlife stocks?
*Do we really have to choose between low unemployment and low inflation?
Comprehensive and easy to read, this accessible guidebook is essential reading for anyone who wants to understand how economics works and why it is important.


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Product Details
  • ISBN-13: 9780415314121
  • Publisher: Routledge
  • Binding: Paperback
  • Language: English
  • Series Title: English
  • Weight: 227 gr
  • ISBN-10: 0415314127
  • Publisher Date: 12 Oct 2004
  • Height: 197 mm
  • No of Pages: 231
  • Spine Width: 17.25 mm
  • Width: 127.5 mm


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