Economics for Today

by Tucker, Irvin B.

• ISBN13: 9780324006216
• ISBN10: 0324006217
• Edition: 2nd
• Format: Hardcover
• Copyright: 1999-07-23
• 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 CengageNOW, 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

PART I INTRODUCTION TO ECONOMICS	1	(112)
1 Introducing the Economic Way of Thinking	1	(32)
APPENDIX TO CHAPTER 1 Applying Graphs to Economics	20	(13)
2 Production Possibilities and Opportunity Cost	33	(20)
3 Market Demand and Supply	53	(30)
4 Markets in Action	83	(30)
APPENDIX TO CHAPTER 4 Applying Supply and Demand Analysis to Health Care	108	(5)
PART II MICROECONOMIC FUNDAMENTALS	113	(68)
5 Price Elasticity of Demand and Supply	113	(26)
6 Consumer Choice Theory	139	(14)
7 Production Costs	153	(28)
PART III MARKET STRUCTURES	181	(100)
8 Perfect Competition	181	(28)
9 Monopoly	209	(24)
10 Monopolistic Competition and Oligopoly	233	(25)
11 Labor Markets	258	(23)
PART IV MICROECONOMIC POLICY ISSUES	281	(72)
12 Income Distribution, Poverty, and Discrimination	281	(26)
13 Antitrust and Regulation	307	(25)
14 Environmental Economics	332	(21)
PART V MACROECONOMIC FUNDAMENTALS	353	(71)
15 Gross Domestic Product	353	(27)
16 Business Cycles and Unemployment	380	(24)
17 Inflation	404	(20)
PART VI MACROECONOMIC THEORY AND POLICY	424	(140)
18 The Keynesian Model	424	(25)
19 The Keynesian Model in Action	449	(23)
20 Aggregate Demand and Supply	472	(26)
21 Fiscal Policy	498	(20)
22 The Public Sector	518	(24)
23 Federal Deficits, Surpluses, and the National Debt	542	(22)
PART VII MONEY, BANKING, AND MONETARY POLICY	564	(93)
24 Money and the Federal Reserve System	564	(21)
25 Money Creation	585	(21)
26 Monetary Policy	606	(27)
27 The Phillips Curve and Expectations Theory	633	(24)
PART VIII THE INTERNATIONAL ECONOMY	657	(80)
28 International Trade and Finance	657	(31)
29 Comparative Economic Systems	688	(23)
30 Growth and the Less-Developed Countries	711	(26)
APPENDIX A Answers to Odd-Numbered Study Questions and Problems	737	(18)
APPENDIX B Practice Quiz Answers	755	(4)
APPENDIX C United States Gross Domestic Product and Related Statistics	759	(8)
Glossary	767	(12)
Index	779