Synopses & Reviews
Brad Schiller's text, The Economy Today, 10/e, is noted for 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 lifereal stories and applications, not fables. This is a book that teaches economics in a relevant context with careful pedagogy. It is also the only principles text that presents all macro theory in the single consistent context of the AS/AD framework. Schiller 10e 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 todays issues.
Table of Contents
Part 1 BASIC CONCEPTSChapter 1 Economics: The Core Issues Appendix: Using GraphsChapter 2 The U.S. Economy: A Global ViewChapter 3 Supply and DemandChapter 4 The Public SectorPart 2 MEASURING MACRO OUTCOMESChapter 5 National-Income AccountingChapter 6 UnemploymentChapter 7 InflationPart 3 CYCLICAL INSTABILITYChapter 8 The Business CycleChapter 9 Aggregate Demand Appendix: The Keynesian CrossChapter 10 Self-Adjustment or Instability?Part 4 FISCAL POLICY LEVERSChapter 11 Fiscal PolicyChapter 12 Deficits, Surpluses, and DebtsPart 5 MONETARY POLICY OPTIONSChapter 13 Money and BanksChapter 14 The Federal Reserve SystemChapter 15 Monetary PolicyPart 6 SUPPLY-SIDE OPTIONSChapter 16 Supply-Side Policy: Short-Run OptionsChapter 17 Growth and Productivity: Long-Run PossibilitiesPart 7 POLICY CONSTRAINTSChapter 18 Global MacroChapter 19 Theory and RealityPart 8 PRODUCT MARKETS: THE BASICSChapter 20 The Demand for Goods Appendix: Indifference CurvesChapter 21: The Costs of ProductionPart 9 MARKET STRUCTUREChapter 22 The Competitive FirmChapter 23 Competitive MarketsChapter 24 MonopolyChapter 25 OligopolyChapter 26 Monopolistic CompetitionPart 10 REGULATORY ISSUESChapter 27 (De)Regulation of BusinessChapter 28 Environmental ProtectionChapter 29 The Farm ProblemPart 11 FACTOR MARKETS: BASIC THEORYChapter 30 The Labor MarketChapter 31 Labor UnionsChapter 32 Financial MarketsPart 12 DISTRIBUTIONAL ISSUESChapter 33 Taxes: Equity vs. EfficiencyChapter 34 Transfer Payments: Welfare and Social SecurityPart 13 INTERNATIONAL ECONOMICSChapter 35 International TradeChapter 36 International FinanceGlossaryIndexStudent Problem Sets