Emphasizing how the discipline of economics connects to the world, the 9th edition of Contemporary Economics takes a friendly and accessible tone, illustrating theory with applications.

Robert Carbaugh is Professor Emeritus of Economics at Central Washington University, USA.

Part 1: Introduction 1. Scarcity and Choice Part 2: The Microeconomy 2. Market Transactions: Demand and Supply Analysis 3. Demand and Supply Applications 4. Production and the Costs of Production 5. Competition and Monopoly: Virtues and Vices 6. Imperfect Competition 7. Labor Markets 8. Government and Markets Part 3: The Macroeconomy 9. The Mixed Economy of the United States 10. Gross Domestic Product and Economic Growth 11. The Business Cycle, Unemployment, and Inflation 12. Macroeconomic Instability: Aggregate Demand and Aggregate Supply 13. Fiscal Policy and the Federal Budget 14. Money and the Banking System 15. The Federal Reserve and Monetary Policy Part 4: The International Economy 16. International Trade and the Global Economy 17. International Finance 18. Economic Systems and Developing Countries