Economics brought to life through real-world application
People learn best when they see concepts applied to examples from their everyday lives, so Economics Today addresses real, cutting-¿edge issues while facilitating individual learning. The text shows readers how economics is front and center in their daily routines, while providing them with many ways to evaluate their understanding of key concepts covered in each chapter. The 19th Edition also includes a new emphasis on behavioral economics, along with all-new problems, vignettes, and features that engage readers and help them focus on the central ideas in economics today.
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1. The Nature of Economics. 2. Scarcity and the World of Trade-Offs. 3. Demand and Supply. 4. Extensions of Demand and Supply Analysis. 5. The Public Sector and Public Choice. 6. Taxes, Transfers, and Public spending.
II. INTRODUCTION TO MACROECONOMICS AND ECONOMIC GROWTH.
7. The Macroeconomy, Unemployment, Inflation, and Deflation. 8. Measuring the Economy's Performance. 9. Global Economic Growth and Development.
III. NATIONAL INCOME DETERMINATION AND FISCAL POLICY.
10. Real GDP and the Price Level in the Long Run. 11. Classical and Keynesian Macro Analyses. 12. Consumption, Income and the Multiplier. 13. Fiscal Policy.
IV. MONEY, STABILIZATION, AND GROWTH.
14. Money, Banking, and Central Banking. 15. Money Creation and Deposit Insurance. 16. Domestic and International Dimensions of Monetary Policy. 17. Stabilization in an Integrated World Economy. 18. Policies and Prospects for Global Economic Growth.
V. DIMENSIONS OF MICROECONOMICS.
19. Consumer Choice. 20. Demand and Supply Elasticity. 21. Rents, Profits and the Financial Environment.
VI. MARKET STRUCTURE, RESOURCE ALLOCATION, AND REGULATION.
22. The Firm: Cost and Output Determination. 23. Perfect Competition. 24. Monopoly. 25. Monopolistic Competition. 26. Oligopoly and Strategic Behavior. 27. Regulation andAntitrust in a Globalized Economy.
VII. LABOR RESOURCES AND THE ENVIRONMENT.
28. Labor Demand and Supply. 29. Unions and Labor Market Monopoly Power. 30. Income, Poverty, and Health Care. 31. Environmental Economics.
VIII. GLOBAL ECONOMICS.
32. Comparative Advantage and the Open Economy. 33. Exchange Rates and the Balance of Payments.