Economics for Today 10th Edition (ISBN: 9789814839389)

Features

• OUTSTANDING VISUAL SUMMARIES WRAP UP KEY POINTS FROM EACH CHAPTER.
• ONLINE EXERCISES SPARK STUDENTS' EXCITEMENT ABOUT ECONOMIC RESEARCH ON THE INTERNET.
• CUSTOMIZATION CHOICES IN MINDTAP AND APLIA OFFER ULTIMATE TEACHING FLEXIBILITY.
• CAUSATION CHAIN GAME HELPS STUDENTS VISUALIZE COMPLEX ECONOMIC RELATIONSHIPS.
• EXCLUSIVE "ANALYZE THE ISSUE" FEATURES TEST STUDENTS' UNDERSTANDING OF PRINCIPLES.
• UNIQUE "CHECKPOINTS" GENERATE STUDENT INTEREST AND PROMPT CRITICAL THINKING.
• DISTINCTIVE PART "ROAD MAPS" REVIEW KEY MATERIAL FROM EACH PART.
• LEADING APLIA DIGITAL MANAGEMENT SYSTEM ENCOURAGES INTERACTIVE LEARNING.

Table of Contents

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 Demand and Supply.
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.

P 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 Sample Quizzes.
Appendix C: Answers to Road Map Questions.