The Macro Economy Today is noted for three great strengths: readability, policy orientation, and pedagogy. The 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, and every chapter ends with a policy issue that emphasizes the markets vs. government dilemma. The authors teach economics in a relevant context, filling chapters with the real facts and applications of economic life. Schiller is also the only principles text that presents all macro theory in the single consistent context of the AS/AD framework.
The Macro Economy Today, fourteenth edition, is thoroughly integrated with the adaptive digital tools available in McGraw-Hill’s LearnSmart Advantage Suite, proven to increase student engagement and success in the course.
|Publisher:||McGraw-Hill Professional Publishing|
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About the Author
Bradley R. Schiller has over four decades of experience teaching introductory economics at American University, the University of California (Berkeley and Santa Cruz), the University of Maryland, and the University of Nevada (Reno). He has given guest lectures at more than 300 colleges ranging from Fresno, California, to Istanbul, Turkey. Dr. Schiller’s unique contribution to teaching is his ability to relate basic principles to current socioeconomic problems, institutions, and public policy decisions. This perspective is evident throughout Essentials of Economics. Dr. Schiller derives this policy focus from his extensive experience as a Washington consultant. He has been a consultant to most major federal agencies, many congressional committees, and political candidates. In addition, he has evaluated scores of government programs and helped design others. His studies of income inequality, poverty, discrimination, training programs, tax reform, pensions, welfare, Social Security, and lifetime wage patterns have appeared in both professional journals and popular media. Dr. Schiller is also a frequent commentator on economic policy for television, radio, and newspapers. Dr. Schiller received his PhD from Harvard and his BA degree, with great distinction, from the University of California (Berkeley). When not teaching, writing, or consulting, Professor Schiller is typically on a tennis court, schussing down a ski slope, or enjoying the crystal blue waters of Lake Tahoe.
Table of Contents
Part 1 The Economic ChallengeChapter 1 Economics: The Core Issues Appendix: Using Graphs Chapter 2 The U.S. Economy: A Global View Chapter 3 Supply and Demand Chapter 4 The Role of Government
Part 2 Measuring Macro Outcomes Chapter 5 National-Income Accounting Chapter 6 Unemployment Chapter 7 Inflation
Part 3 Cyclical Instability Chapter 8 The Business CycleChapter 9 Aggregate Demand Appendix: The Keynesian Cross Chapter 10 Self-Adjustment or Instability?
Part 4 Fiscal Policy ToolsChapter 11 Fiscal Policy Chapter 12 Deficits and Debt
Part 5 Monetary Policy Options Chapter 13 Money and Banks Chapter 14 The Federal Reserve System Chapter 15 Monetary Policy
Part 6 Supply-Side Options Chapter 16 Supply-Side Policy: Short-run Options Chapter 17 Growth and Productivity: Long-run Possibilities
Part 7 Policy Constraints Chapter 18 Theory versus Reality
Part 8 Product Markets: The Basics Chapter 19 Consumer Demand Appendix: Indifference Curves Chapter 20 The Costs of Production
Part 9 Market Structure Chapter 21 The Competitive Firm Chapter 22 Competitive Markets Chapter 23 Monopoly Chapter 24 Oligopoly Chapter 25 Monopolistic Competition
Part 10 Regulatory Issues Chapter 26 (De)Regulation of Business Chapter 27 Environmental Protection Chapter 28 The Farm Problem
Part 11 Factor Markets: Basic Theory Chapter 29 The Labor Market Chapter 30 Labor Unions Chapter 31 Financial Markets
Part 12 Distributional Issues Chapter 32 Taxes: Equity versus Efficiency Chapter 33 Transfer Payments: Welfare and Social Security
Part 13 International Economics Chapter 34 International Trade Chapter 35 International Finance Chapter 36 Global Poverty