Now in its second edition, Economics: The Basics provides an engaging and topical introduction to the key issues in contemporary economics. Fully updated to take into account the economic recession, changing patterns in world trade, housing and currency markets, this book covers fundamental issues, including:How different economic systems functionThe boom and bust cycle of market economiesThe impact of emerging marketsHow price, supply and demand interactThe role of the banking and finance industryWhether we can emerge from recession and reduce povertyThe impact of economics on the environmentWith a glossary of terms, suggestions for further reading and new case studies covering subjects including the sub-prime mortgage crisis, changing commodity prices and speculative bubbles, this comprehensive and accessible guide is essential reading for anyone who wants to understand how economics works.

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