Economics For Today

by Tucker,Irvin B.

• ISBN13: 9780324408010
• ISBN10: 0324408013
• Edition: 5th
• Format: Hardcover
• Copyright: 2007-01-05
• Publisher: South-Western College Pub

Summary

Straightforward and engaging, ECONOMICS FOR TODAY, 5e uses a unique textual and visual learning system to present, reinforce and test students comprehension while teaching them the basic concepts of economic principles while also giving them the context to apply them in their everyday lives. This concise text focuses on core concepts, providing an extremely student friendly text that includes unparalleled pedagogy and teaching support. The new edition also includes ThomsonNOW, a powerhouse of online resources including custom designed learning paths for each student, lively videos, interactive assessments, testing tools, and much more. Engaging and easy to use, this book's fast-paced, action-packed approach explains all the essential concepts without being encyclopedic as it teaches students to apply basic economic principles to real-world issues.

Table of Contents

Introduction To Economics

Introducing the Economic Way of Thinking

Appendix: Applying Graphs to Economics

Production Possibilities, Opportunity Cost, and Economic Growth

Microeconomic Fundamentals

Market Supply and Demand

Appendix: Consumer Surplus, Producer Surplus, and Market Efficiency

Markets in Action

Appendix: Applying Supply and Demand Analysis to Health Care

Price Elasticity of Demand and Supply

Consumer Choice Theory

Appendix: Indifference Curve Analysis

Production Costs

Market Structures

Perfect Competition

Monopoly

Monopolistic Competition and Oligopoly

Labor Markets

Microeconomic Policy Issues

Income Distribution, Poverty, and Discrimination

Antitrust and Regulation

Environmental Economics

Macroeconomic Fundamentals

Gross Domestic Product

Appendix: A Four-Sector Circular Flow Model

Business Cycles and Unemployment

Inflation

Macroeconomic Theory And Policy

The Keynesian Model

The Keynesian Model in Action

Aggregate Demand and Supply

Appendix: The Self-Correcting Aggregate Demand and Supply Model

Fiscal Policy

The Public Sector

Federal Deficits, Surpluses, and the National Debt

Money, Banking, And Monetary Policy

Money and the Federal Reserve System

Money Creation

Monetary Policy

Appendix: Policy Disputes Using the Self-Correcting Aggregate Demand and Supply Model

The Phillips Curve and Expectations Theory

The International Economy

International Trade and Finance

Economies in Transition

Growth and the Less-Developed Countries

Answers to Odd-Numbered Study Questions and Problems

Answers to Practice Quizzes

Glossary

Index

Table of Contents provided by Publisher. All Rights Reserved.