This text comes packaged with an access kit for the new easy-to-use format of MyEconLab, which requires no set-up by the professor. With this, students can access practice problems for each chapter in the book, graphing questions, learning resources, and live tutoring. Professors who plan to use advanced course management online should order the book with MyEconLab in CourseCompass. View `Alternate Versions’ of this book on the web catalog page, or contact your local representative for details.
Roger Miller believes that students learn best when they are motivated, and that motivation comes when they connect an idea to their day-to-day lives. That is why every chapter of Economics Today is packed with thought-provoking applications that give immediate, common-sense reinforcement to economic concepts. From international to local, corporate to consumer, policy to personal, these examples spark lively discussion both in and out of the classroom. The result is that students gain a natural understanding of economic theory and analysis, and they learn to use economic reasoning in their everyday decisions.
Table of Contents:
Part 1. Introduction
Chapter 1: The Nature of Economics
Chapter 2: Scarcity and the World of Trade-Offs
Chapter 3: Demand and Supply
Chapter 4: Extensions of Demand and Supply Analysis
Chapter 5: The Public Sector and Public Choice
Chapter 6: Taxes, Transfers, and Public Spending
Part 2: Introduction to Macroeconomics and Economic Growth
Chapter 7: The Macroeconomy: Unemployment, Inflation, and Deflation
Chapter 8: Measuring the Economy’s Performance
Chapter 9: Global Economic Growth and Development
Part 3: Real GDP Determination and Fiscal Policy
Chapter 10: Real GDP and the Price Level in the Long Run
Chapter 11: Classical and Keynesian Macro Analyses
Chapter 12: Consumption, Real GDP, and the Multiplier
Chapter 13: Fiscal Policy
Chapter 14: Deficit Spending and the Public Debt
Part 4: Money, Stabilization, and Growth
Chapter 15: Money, Banking, and Central Banking
Chapter 16: Money Creation and Deposit Insurance
Chapter 17: Domestic and International Dimensions of Monetary Policy
Chapter 18: Stabilization Policies in the Global Economy
Chapter 19: Policies and Prospects for Global Economic Growth
Part 5: Dimensions of Microeconomics
Chapter 20: Consumer Choice
Chapter 21: Demand and Supply Elasticity
Chapter 22: Rents, Profits, and the Financial Environment of Business
Part 6: Market Structure, Resource Allocation, and Regulation
Chapter 23: The Firm: Cost and Output Determination
Chapter 24: Perfect Competition
Chapter 25: Monopoly
Chapter 26: Monopolistic Competition
Chapter 27: Oligopoly and Strategic Behavior
Chapter 28: Regulation and Antitrust in a Globalized Economy
Part 7: Labor Resources and the Environment
Chapter 29: The Labor Market: Demand, Supply, and Outsourcing
Chapter 30: Unions and Labor Market Monopoly Power
Chapter 31: Income, Poverty, and Health Care
Chapter 32: Environmental Economics
Part 8: Global Economics
Chapter 33: Comparative Advantage and the Open Economy
Chapter 34: Exchange Rates and the Balance of Payments
