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Economy Today

Economy Today - 10th edition

ISBN13: 978-0073137759

Cover of Economy Today 10TH 06 (ISBN 978-0073137759)
ISBN13: 978-0073137759
ISBN10: 0073137758
Cover type:
Edition: 10TH 06
Copyright: 2006
Publisher: Richard D. Irwin, Inc.
Published: 2006
International: No

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Economy Today - 10TH 06 edition

ISBN13: 978-0073137759

Bradley R. Schiller

ISBN13: 978-0073137759
ISBN10: 0073137758
Cover type:
Edition: 10TH 06
Copyright: 2006
Publisher: Richard D. Irwin, Inc.
Published: 2006
International: No
Summary

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 life--real 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 today's issues.

New Features

  • New Topics Added: As in earlier revisions, Schiller 10e has been revised to remain the most current Principles book on the market through the inclusion of new material. This edition includes new discussions of outsourcing and global competitiveness. Also included is a new focus on AD and AS shifts in the aftermath of the September 11 terrorist attacks and the Bush tax cuts. The Tenth Edition also discusses the economic effects of music downloads, the proposed 'Mission to Mars,' Social Security deficits, the 2003-2004 California Grocery-Workers Strike, and the war against terror.
  • Student Problem Set: the Student Problem Set has been moved back into the text. Professors and students can find the perforated Student Problem Set pages at the back of their text book. The Student Problems Sets have been heavily revised to include over 65 new math and graphing problems.
  • Up-to-the-Second New Examples: Schiller 10e has also been revised to include brand-new examples to keep the book fresh as today's news broadcasts. New examples include the new competition in digital, portable music players (I Pods); China's legalization of private property; India's privatization program; the Supreme Court rejection of forced phone network licensing; the cost of war; the impact of job outsourcing; the specter of Social Security deficits; the 2004 ''oil shocks''; trade disputes with the EU, Mexico, and China and the continuing energy crisis.
  • The economics of athlete and CEO salaries
  • Revised Treatment of Aggregate Demand/Keynesian Cross: Schiller examines Keynesian theory entirely within the AS/AD framework by moving the Keynesian Cross to an appendix. This appendix has been expanded in the 10th Edition to include a model of the Aggregate Expenditure Curve. This allows instructors to streamline and simplify the Macro discussion without any loss of theoretical rigor or coverage. This way, instructors who teach the Keynesian cross can examine it in a separate discussion, and instructors who do not can easily skip over it without any interruption in the text progression.
  • DiscoverEcon with Paul Solman Videos: We have created an interactive software shell that houses both DiscoverEcon, the best-selling tutorial software for Principles of Economics, and brand-new videos featuring Paul Solman of the Lehrer NewsHour on PBS. This product includes 240 minutes of video that focuses on explaining introductory economic concepts in a real-world, student-friendly manner. The website portion of the product includes updated graphing applets, interactive exercises, animated tutorials, and hundreds of multiple-choice questions to test student comprehension in each book chapter. The videos are integrated into the website and are available webstreaming or on DVD. The result is an integrated and comprehensive study tool that brings the material alive. Students will learn more, and will be more engaged in the subject.

Table of Contents

Part 1 BASIC CONCEPTS

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 Public Sector

Part 2 MEASURING MACRO OUTCOMES

Chapter 5 National-Income Accounting
Chapter 6 Unemployment
Chapter 7 Inflation

Part 3 CYCLICAL INSTABILITY

Chapter 8 The Business Cycle
Chapter 9 Aggregate Demand

Appendix: The Keynesian Cross

Chapter 10 Self-Adjustment or Instability?

Part 4 FISCAL POLICY LEVERS

Chapter 11 Fiscal Policy
Chapter 12 Deficits, Surpluses, and Debts

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 Global Macro
Chapter 19 Theory and Reality

Part 8 PRODUCT MARKETS: THE BASICS

Chapter 20 The Demand for Goods

Appendix: Indifference Curves

Chapter 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 (De)Regulation of Business
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 vs. Efficiency
Chapter 34 Transfer Payments: Welfare and Social Security

Part 13 INTERNATIONAL ECONOMICS

Chapter 35 International Trade
Chapter 36 International Finance

Glossary
Index
Student Problem Sets

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