Macroeconomics for Today / Edition 8

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Help today's learner visualize macroeconomics in action with the most pedagogically rich, complete book available—Tucker's MACROECONOMICS FOR TODAY, Seventh Edition. A quick look at this engaging, dynamic text will show you why this is the book that is famous for helping readers at all levels of skill and preparation grasp and master economic principles. Written by an award-winning educator, recognized for his work in relating basic economic principles to global issues, Irvin Tucker's MACROECONOMICS FOR TODAY continues its unique textual and visual learning system. This edition concisely presents and reinforces core concepts, then immediately assesses student comprehension. You will find the latest economic information on federal deficits, the stimulus package, environmental issues, and other developments presented in an engaging, easy-to-follow format applicable to everyday life. MACROECONOMICS FOR TODAY, Seventh Edition, provides a full complement of instructor resources, including a handy Instructor's Resource CD, new PowerPoint slides, optional CourseMate website, and complete array of videos.

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Editorial Reviews

A textbook for a two-term course explaining the basic operations of the US economy. Rather than taking an encyclopedic approach, Tucker (U. of North Carolina-Charlotte) focuses on the most important tool in economics for analyzing supply and demand and applies it to real-world economic issues. One of his goals is to simplify the confusing array of economic analyses that force students simply to memorize in order to pass the course. No date is noted for the first edition; the second includes online and Web exercises, Internet addresses of relevant sites, more on international economics, and new chapter summaries. Annotation c. Book News, Inc., Portland, OR (
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Product Details

  • ISBN-13: 9781133435051
  • Publisher: Cengage Learning
  • Publication date: 12/21/2012
  • Edition description: New Edition
  • Edition number: 8
  • Pages: 656
  • Sales rank: 125,902
  • Product dimensions: 7.44 (w) x 9.69 (h) x 0.79 (d)

Meet the Author

Dr. Irvin B. Tucker has more than 30 years of experience teaching introductory economics at the University of North Carolina Charlotte. He earned his BS in economics at North Carolina State University and his MA and PhD in economics from the University of South Carolina. Dr. Tucker is the former director of the Center for Economic Education at the University of North Carolina at Charlotte and a longtime member of the National Council on Economic Education. Dr. Tucker is recognized for his ability to relate basic principles to economic issues and public policy. His work has received national recognition with awards from the Meritorious Levy Award for Excellence in Private Enterprise Education, the Federation of Independent Business Award for Postsecondary Educator of the Year in Entrepreneurship and Economic Education, and the Freedom Foundation's George Washington Medal for Excellence in Economic Education. In addition, Dr. Tucker's research has been published in numerous professional journal articles on a wide range of topics, including industrial organization, entrepreneurship, and economics of education.

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Table of Contents

PART I: INTRODUCTION TO ECONOMICS. 1. Introducing the Economic Way of Thinking. Appendix: Applying Graphs to Economics. 2. Production Possibilities, Opportunity Cost, and Economic Growth. PART II: MICROECONOMIC FUNDAMENTALS. 3. Market Demand and Supply. Appendix: Consumer Surplus, Producer Surplus, and Market Efficiency. 4. Markets in Action. Appendix: Applying Supply and Demand Analysis to Health Care. PART III: MACROECONOMIC FUNDAMENTALS. 5. Gross Domestic Product. Appendix: A Four-Sector Circular Flow Model. 6. Business Cycles and Unemployment. 7. Inflation. PART IV: MACROECONOMIC THEORY AND POLICY. 8. The Keynesian Model. 9. The Keynesian Model in Action. 10. Aggregate Demand and Supply. Appendix: The Self-Correcting Aggregate Demand and Supply Model. 11. Fiscal Policy. 12. The Public Sector. 13. Federal Deficits, Surpluses, and the National Debt. PART V: MONEY, BANKING, AND MONETARY POLICY 14. Money and the Federal Reserve System. 15. Money Creation. 16. Monetary Policy. Appendix: Policy Disputes Using the Self-Correcting Aggregate Demand and Supply Model. 17. The Phillips Curve and Expectations Theory. PART VI: THE INTERNATIONAL ECONOMY. 18. International Trade and Finance. 19. Economies in Transition. 20. Growth and the Less-Developed Countries. Appendix A Answers to Odd-Numbered Study Questions and Problems. Appendix B Answers to Practice Quizzes. Appendix C Answers to Road Map Questions.

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