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Clear. Current. Connected to Today's Student. Schiller, The Economy Today, 13e, 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 emphasises 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 emphasises 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.
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Table of contents
Part 1 The Economic Challenge Chapter 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 Choice Appendix: Indifference Curves Chapter 20 ElasticityChapter 21 The Costs of Production Part 9 Market Structure Chapter 22 The Competitive Firm Chapter 23 Competitive Markets Chapter 24 Monopoly Chapter 25 Oligopoly Chapter 26 Monopolistic Competition Part 10 Regulatory Issues Chapter 27 Natural Monopolies: (De)Regulation? Chapter 28 Environmental Protection Chapter 29 The Farm Problem Part 11 Factor Markets: Basic Theory Chapter 30 The Labor Market Chapter 31 Labor Unions Chapter 32 Financial Markets Part 12 Distributional Issues Chapter 33 Taxes: Equity versus Efficiency Chapter 34 Transfer Payments: Welfare and Social Security Part 13 International Economics Chapter 35 International Trade Chapter 36 International Finance Chapter 37 Global Poverty Glossary Index Reference Tables