The Economy Today + DiscoverEcon Code Card + Student Problem Sets

by Schiller, Bradley R.

• ISBN13: 9780072869781
• ISBN10: 007286978X
• Edition: 9th
• Format: Hardcover
• Copyright: 2002-10-08
• Publisher: McGraw-Hill/Irwin

Summary

Brad Schiller's text, The Economy Today, 9/e, is noted for its three great strengths: readability, policy orientation, and pedagogy. His 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. Every chapter ends with a policy issue that emphasizes the markets vs. government dilemma. And Schiller packs his chapters with the facts of economic life real stories, not fables. This is a book that teaches economics in a relevant context and with careful pedagogy.Schiller 9e is for students motivated by real-world policy issues who want to become economically literate. This is a book students actually READ. Schiller is also known for its cutting-edge and current coverage of today's issues.

Table of Contents

Part 1: Basic Concepts

1: Economics: The Core Issues

Appendix: Using Graphs

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

3: Supply and Demand

4: The Public Sector

Part 2: Measuring Macro Outcomes

5: National-Income Accounting

6: Unemployment

7: Inflation

Part 3: Cyclical Instability

8: The Business Cycle

9: Aggregate Demand

Appendix: The Keynesian Cross

10: Self-Adjustment or Instability?

Part 4: Fiscal Policy Options

11: Fiscal Policy

12: Surpluses, Deficits, and Debts

Part 5: Monetary Policy Options

13: Money and Banks

14: The Federal Reserve System

15: Monetary Policy

Part 6: Supply-Side Options

16: Supply-Side Policy: Short-Run Options

17: Growth and Productivity: Long-Run Possibilities

Part 7: Policy Constraints

18: Global Macro

19: Theory and Reality

Part 8: Product Markets: The Basics

20: The Demand for Goods

Appendix: Indifference Curves

21: The Costs of Production

Part 9: Market Structure

22: The Competitive Firm

23: Competitive Markets

24: Monopoly

25: Oligopoly

26: Monopolistic Competition

Part 10: Regulatory Issues

27: (De)Regulation of Business

28: Environmental Protection

29: The Farm Problem

Part 11: Factor Markets: Basic Theory

30: The Labor Market

31: Labor Unions

32: Financial Markets

Part 12: Distributional Issues

33: Taxes: Equity vs. Efficiency

34: Transfer Payments: Welfare and Social Security

Part 13: International Economics

35: International Trade

36: International Finance

Glossary

Index