The new edition of this popular text combines a clear, concise presentation of basic micro- and macroeconomic theory with up-to-date coverage of the U.S. economic recovery as well as international issues. The author's treatment of current debates over banking regulation, fiscal issues, and other hot topics is always well-balanced. Many students in an introductory economics course are non-majors, so Carbaugh keeps things light and friendly and uses lots of applications to hold the reader's interest.
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Known for his excellence in teaching, Robert J. Carbaugh is Professor of Economics at Central Washington University. He has been honored with numerous top teaching awards, including the 1984 Excellence in Teaching award at the University of Wisconsin, Eau Claire, and the Distinguished Professor of the University--Teaching award at Central Washington University in 1993. In 1996, Professor Carbaugh was named Scholar of the Year by the Phi Kappa Phi Honorary Society at Central Washington University. In 2001, he received the Distinguished Professor of the University award for Research at Central Washington University. In 2004, Carbaugh was invited by the Directors of the Oxford Round Table to present a lecture, "Trade and Environmental Frictions in the Global Steel Industry," at Oxford University in England. For over 25 years, Professor Carbaugh has taught international economics, as well as managerial economics, money and banking, and both introductory and intermediate levels of microeconomics and macroeconomics.
It is the most globalized book that I have seen yet for this course."
"My students are consistently impressed by how up to date the contemporary issues are."
"I definitely like this text. It seems to be very current, uses relevant applications, and is easy to read and understand." ---- Barry Kotlove, Edmonds Community College
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