Economics

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A01=Tony Cleaver
Abnormal Profits
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Author_Tony Cleaver
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banking and finance industry
basic economics
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Circular Flow
Comparative Cost Theory
consumption
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Demand Deficient Unemployment
digital economy trends
Domestic Incomes
ECB
economic development
economic growth
economic principles
economic systems
Efficient Market Hypothesis
environmental economic policy
environmental economics
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Excess Supply
Expectations Augmented Phillips Curve
Federal Reserve
financial crisis
fiscal policy
Foreign Trade Multiplier
Global Gdp
inequality
inflation
interest rates
international trade
introductory economic theory
Language_English
Long Run AC Curve
macroeconomic cycles
Marginal Revenue Product
Marginal Revenues Equal Marginal Costs
market power
monetary policy
MR
multinational corporations impact
Neoclassical Growth Theory
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Phillips Curve
PPF
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recession
Reserve Assets Ratio
softlaunch
supply and demand
Supply Curve
Transfer Earnings
UK Inflation
understanding global economic challenges
USA
Vice Versa

Product details

  • ISBN 9781032472812
  • Weight: 325g
  • Dimensions: 129 x 198mm
  • Publication Date: 02 Oct 2023
  • Publisher: Taylor & Francis Ltd
  • Publication City/Country: GB
  • Product Form: Paperback
  • Language: English
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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.

Tony Cleaver is a retired Senior Teaching Fellow in Economics at the University of Durham, UK. Originally from London, Cleaver has been a journalist, hippy, teacher, road sweeper, mountain guide, university lecturer and writer. He has lived and worked in the UK, Singapore, Chile, the Netherlands and Colombia – all of which have inspired his interest in international economics.

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