Description
Book SynopsisMaster current economic concepts with the most reader-friendly economics text available -- ECONOMICS FOR TODAY, 11E by national award-winning author Irvin Tucker. No matter what your current level of economic understanding, this edition provides an interesting writing style, unique presentation and visual learning system with helpful, colorful graphs that clarify important economic principles and effectively explain the latest economic developments.Rather than presenting a confusing array of economic analyses for you to memorize, this edition demonstrates how to apply basic economic principles in daily life and recognize economics at work in today's news. You study the latest information on economic growth, income distribution, federal deficits, environmental issues, and other emerging developments in economics. Learning tools, road maps and corresponding interactive, digital MindTap resources with videos, tutorials and practice exercises immediately reinforce your understanding.
Table of ContentsPart I: INTRODUCTION TO ECONOMICS. 1. Introducing the Economic Way of Thinking. A1. Appendix 1: Applying Graphs to Economics. 2. Production Possibilities, Opportunity Cost, and Economic Growth. Part II: MICROECONOMIC FUNDAMENTALS. 3. Market Demand and Supply. 4. Markets in Action. A4. Appendix 4: Consumer Surplus, Producer Surplus, and Market Efficiency. 5. Elasticity. 6. Consumer Choice Theory. A6. Appendix 6: 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. A15. Appendix 15: 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. A20. Appendix 20: 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. A26. Appendix 26: 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. Glossary. Index.
