Synopses & Reviews
KEY MESSAGE: Readers learn best when they see a concept applied in the context of examples they understand. That is why Economics Today is so successful when readers hail from a wide variety of backgrounds. An abundance of relentlessly current, news-worthy examples motivate every chapter and reflect the interests of today's diverse reader population.
Introduction: The Nature of Economics; Scarcity and the World of Trade-Offs; Demand and Supply; Extensions of Demand and Supply Analysis; The Public Sector and Public Choice; Taxes, Transfers, and Public Spending; Dimensions of Microeconomics: Consumer Choice; Demand and Supply Elasticity; Rents, Profits, and the Financial Environment of Business; Market Structure, Resource Allocation, and Regulation: The Firm: Cost and Output Determination; Perfect Competition; Monopoly; Monopolistic Competition; Oligopoly and Strategic Behavior; Regulation and Antitrust Policy in a Globalized Economy; Labor Resources and the Environment: The Labor Market: Demand, Supply, and Outsourcing; Unions and Labor Market Monopoly Power; Income, Poverty, and Health Care; Environmental Economics; Global Economics: Comparative Advantage and the Open Economy; Exchange Rates and the Balance of Payments
For all readers interested in principles of microeconomics.
Synopsis
Miller’s Economics Today: The Macro View remains committed to providing readers with discussion and coverage of the most current issues and events. Given the immense changes in our economy over the past year, the Updated 15th Edition addresses what has occurred and discusses the importance of today’s major economic issues.
About the Author
Roger LeRoy Miller is currently affiliated with the Institute for University Studies in Arlington, Texas. Prior to this affiliation, he has held faculty appointments at the University of Washington at Seattle, the University of Hawaii, Clemson University, and the University of Miami, where he co-founded the Law and Economics Center.
Miller has authored and co-authored a myriad of articles and textbooks. He is the sole author of the best-selling Economics Today text and a co-author of the highly successful Economics of Public Issues. In addition to his work in academia, Miller has been invited to give talks and lectures across America, Guatemala, Costa Rica, and France. He has also served as a consultant to several law firms and numerous state and federal agencies.
Table of Contents
Part One: IntroductionChapter 1: The Nature of Economics
Chapter 2: Scarcity and the World of Trade-Offs
Chapter 3: Demand and Supply
Chapter 4: Extensions of Demand and Supply Analysis
Chapter 5: Public Spending and Public Choice
Chapter 6: Funding the Public Sector
Part Two: Introduction to Macroeconomics and Economic Growth
Chapter 7: The Macroeconomy: Unemployment and Inflation
Chapter 8: Measuring the Economy’s Performance
Chapter 9: Global Economic Growth and Development
Part Three: Real GDP Determination and Fiscal Policy
Chapter 10: Real GDP and the Price Level in the Long Run
Chapter 11: Classical and Keynesian Macro Analyses
Chapter 12: Consumption, Real GDP, and the Multiplier
Chapter 13: Fiscal Policy
Chapter 14: Deficit Spending and the Public Debt
Part Four: Money, Stabilization and Growth
Chapter 15: Money, Banking and Central Banking
Chapter 16: Money Creation, the Demand for Money, and Monetary Policy
Chapter 17: Domestic and International Dimensions of Monetary Policy
Chapter 18: Stabilization in an Integrated World Economy
Chapter 19: Policies and Prospects for Global Economic Growth
Part Five: Global Economics
Chapter 20: Comparative Advantage and the Open Economy
Chapter 21: Exchange Rates and the Balance of Payments