Economics: The Basics  book cover
3rd Edition

Economics: The Basics

ISBN 9781138023543
Published October 2, 2014 by Routledge
288 Pages

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Book Description

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 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.

Table of Contents


1. Money, Banks, Bubbles and Crises

2. Wealth and Poverty; Rainforests and Tigers

3. Prices, Markets and a Simple Cup of Coffee

4. The Business of Supply: From Peasant Lands to Corporate Giants

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?



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Tony Cleaver is a Visiting Lecturer at the Universidad de los Andes and at el Colegio de Estudios Superiores de Administración (CESA) in Bogota, Colombia. He was previously Senior Teaching Fellow in Economics at the University of Durham, UK.


"Part of "The Basics" series, this fully updated version of the 2011 edition... 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 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."

--M. H. Maier, Glendale Community College

-CHOICE 'recommended' title.