Economics for Today
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This introductory textbook covers the basics of macroeconomics, market structures, microeconomic policy issues, macroeconomic theory and practice, money, banking and monetary policy, and the international economy. Appendices discuss graphing, health care, four-sector circular flow models, supply and demand, and the U.S. gross domestic product and other statistics. A companion CD-ROM contains self-tests, a graphing workshop, interactive games, video lectures, and applications. Tucker teaches at the University of North Carolina at Charlotte. Annotation c. Book News, Inc., Portland, OR (booknews.com) Booknews Teaches the basic operations of the US economy to students who will take a two-term economics course, focusing on supply and demand analysis to explain real-world economic issues. Material is written to be engaging and "student friendly," with coverage of core principles of microeconomics, macroeconomics, and international economics. Learning features include key concepts, questions and problems, and practice quizes, along with color graphics and photos. This second edition contains online exercises, Internet margin notes, new features highlighting global issues, and visual chapter summaries. Annotation c. Book News, Inc., Portland, OR (booknews.com)
Part I: INTRODUCTION TO ECONOMICS. 1. Introducing the Economic Way of Thinking. Appendix: Applying Graphs to Economics. 2. Production Possibilities, Opportunity Cost, and Economic Growth. Part II: MICROECONOMIC FUNDAMENTALS. 3. Market Supply and Demand. Appendix: Consumer Surplus, Producer Surplus, and Market Efficiency. 4. Markets in Action. Appendix: Applying Supply and Demand Analysis to Health Care. 5. Price Elasticity of Demand and Supply. 6. Consumer Choice Theory. Appendix: Indifference Curve Analysis. 7. Production Costs. Part III: MARKET STRUCTURES. 8. Perfect Competition. 9. Monopoly. 10. Monopolistic Competition and Oligopoly. 11. Labor Markets. Part IV: MICROECONOMIC POLICY ISSUES. 12. Income Distribution, Poverty, and Discrimination. 13. Antitrust and Regulation. 14. Environmental Economics. Part V: MACROECONOMIC FUNDAMENTALS. 15. Gross Domestic Product. Appendix: A Four-Sector Circular Flow Model. 16. Business Cycles and Unemployment. 17. Inflation. Part VI: MACROECONOMIC THEORY AND POLICY. 18. The Keynesian Model. 19. The Keynesian Model in Action. 20. Aggregate Demand and Supply. Appendix: The Self-Correcting Aggregate Demand and Supply Model. 21. Fiscal Policy. 22. The Public Sector. 23. Federal Deficits, Surpluses, and the National Debt. Part VII: MONEY, BANKING, AND MONETARY POLICY. 24. Money and the Federal Reserve System. 25. Money Creation. 26. Monetary Policy. Appendix: Policy Disputes Using the Self-Correcting Aggregate Demand and Supply Model. 27. The Phillips Curve and Expectations Theory. Part VIII: THE INTERNATIONAL ECONOMY. 28. International Trade and Finance. 29. Economies in Transition. 30. Growth and the Less-Developed Countries. Appendix A. Answers to Odd-Numbered Study Questions and Problems. Appendix B. Answers to Practice Quizzes. Glossary. Index.
