The Economy Today,9780078021862

The Economy Today

by ;
Edition: 14th
ISBN13: 9780078021862
ISBN10: 0078021863
Format: Hardcover
Pub. Date: 2015-04-22
Publisher(s): McGraw-Hill Education
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List Price: $219.88

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Summary

The Economy Today is noted for three great strengths: readability, policy orientation, and pedagogy. The accessible writing style engages students and brings some of the excitement of domestic and global economic news into the classroom. Schiller emphasizes how policymakers must choose between government intervention and market reliance to resolve the core issues of what, how, and for whom to produce. This strategic choice is highlighted throughout the full range of micro, macro, and international issues, and every chapter ends with a policy issue that emphasizes the markets vs. government dilemma. The authors teach economics in a relevant context, filling chapters with the real facts and applications of economic life. Schiller is also the only principles text that presents all macro theory in the single consistent context of the AS/AD framework.

The Economy Today, fourteenth edition, is thoroughly integrated with the adaptive digital tools available in McGraw-Hill’s LearnSmart Advantage Suite, proven to increase student engagement and success in the course.

Table of Contents

Part 1 The Economic Challenge

Chapter 1 Economics: The Core Issues

Appendix: Using Graphs

Chapter 2 The U.S. Economy: A Global View

Chapter 3 Supply and Demand

Chapter 4 The Role of Government

Part 2 Measuring Macro Outcomes

Chapter 5 National Income Accounting

Chapter 6 Unemployment

Chapter 7 Inflation

Part 3 Cyclical Instability

Chapter 8 The Business Cycle

Chapter 9 Aggregate Demand

Appendix: The Keynesian Cross

Chapter 10 Self-Adjustment or Instability?

Part 4 Fiscal Policy Tools

Chapter 11 Fiscal Policy

Chapter 12 Deficits and Debt

Part 5 Monetary Policy Options

Chapter 13 Money and Banks

Chapter 14 The Federal Reserve System

Chapter 15 Monetary Policy

Part 6 Supply-Side Options

Chapter 16 Supply-Side Policy: Short-run Options

Chapter 17 Growth and Productivity: Long-run Possibilities

Part 7 Policy Constraints

Chapter 18 Theory versus Reality

Part 8 Product Markets: The Basics

Chapter 19 Consumer Choice

Appendix: Indifference Curves

Chapter 20 Elasticity

Chapter 21 The Costs of Production

Part 9 Market Structure

Chapter 22 The Competitive Firm

Chapter 23 Competitive Markets

Chapter 24 Monopoly

Chapter 25 Oligopoly

Chapter 26 Monopolistic Competition

Part 10 Regulatory Issues

Chapter 27 Natural Monopolies: (De)Regulation?

Chapter 28 Environmental Protection

Chapter 29 The Farm Problem

Part 11 Factor Markets: Basic Theory

Chapter 30 The Labor Market

Chapter 31 Labor Unions

Chapter 32 Financial Markets

Part 12 Distributional Issues

Chapter 33 Taxes: Equity versus Efficiency

Chapter 34 Transfer Payments: Welfare and Social Security

Part 13 International Economics

Chapter 35 International Trade

Chapter 36 International Finance

Chapter 37 Global Poverty

Glossary

Index

Reference Tables

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