Synopses & Reviews
Brad Schiller's text, The Macroeconomy 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: International Economics 20: International Trade 21: International Finance Glossary Index