9780132948906

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Written for students taking the principles of economics course. By presenting ideas clearly, at an accessible level, and in the context of newsworthy applications, Economics Today is also a valuable resource for professionals seeking a current, real-world introduction to economics.

Economics Today —Bringing the Real World to Your Students

Students learn best when they see concepts applied to examples from their everyday lives. This new edition of Economics Today covers leading-edge issues while lowering barriers to student learning. The text relentlessly pursues the fundamental objective of showing students how economics is front and center in their own lives while providing them with many ways to evaluate their understanding of key concepts covered in each chapter.

Each chapter begins and ends with an Issues and Applications feature, which introduces a timely issue in the chapter opener and analyzes the issue using the economic tools learned in that chapter at the end. This text is also available with MyEconLab^®, which includes assessment questions that tie to these Issues and Applications, as well as ABC News video clips. With MyEconLab, students can continue working problems online and receive personalized tutorial resources. Visit MyEconLab for more information.

Note: If you are purchasing the standalone text (ISBN: 0132948907) or electronic version, MyEconLab does not come automatically packaged with the text. To purchase MyEconLab, please visit: www.myeconlab.com or you can purchase a package of the physical text + MyEconLab by searching the Pearson Higher Education web site. MyEconLab is not a self-paced technology and should only be purchased when required by an instructor.

Roger LeRoy Miller is currently affiliated with the Institute for University Studies in Arlington, Texas. Prior to this affiliation, he has held faculty appointments at the University of Washington at Seattle, the University of Hawaii, Clemson University, and the University of Miami, where he co-founded the Law and Economics Center.

Miller has authored and co-authored a myriad of articles and textbooks. He is the sole author of the best-selling Economics Today text and a co-author of the highly successful Economics of Public Issues. In addition to his work in academia, Miller has been invited to give talks and lectures across America, Guatemala, Costa Rica, and France. He has also served as a consultant to several law firms and numerous state and federal agencies.

I. INTRODUCTION

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. Public Spending and Public Choice

6. Funding the Public Sector

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. REAL GDP DETERMINATION AND FISCAL POLICY

10. Real GDP and the Price Level in the Long Run

11. Classical and Keynesian Macro Analyses

12. Consumption, Real GDP, and the Multiplier

13. Fiscal Policy

14. Deficit Spending and the Public Debt

IV. MONEY, STABILIZATION AND GROWTH

15. Money, Banking and Central Banking

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. Demand and Supply Elasticity

20. Consumer Choice

21. Rents, Profits, and the Financial Environment of Business

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 and Antitrust Policy in a Globalized Economy

VII. LABOR RESOURCES AND THE ENVIRONMENT

28. The Labor Market. Demand, Supply, and Outsourcing

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

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Economics Today

Economics Today

0132948907

Summary

Author Biography

Table of Contents

Supplemental Materials