Description
Book SynopsisThe most reader-friendly economics approach available, MACROECONOMICS FOR TODAY, 10E by national award-winning educator Irvin Tucker presents Macro and Micro economic concepts using a writing style that is engaging and clear, no matter what your current level of economic understanding. A unique presentation and visual learning system, colorful graphs and Causation Chains clarify and illustrate important economic principles. The book concisely presents and reinforces core concepts, while online resources immediately facilitate assessment of understanding, and will study the latest information on economic growth, income distribution, federal deficits, environmental issues, and other developments in economics today. The book's easy-to-follow format demonstrates how to apply principles to your everyday life, while numerous printed and digital study tools help you further master key current economic principles.
Table of ContentsPart 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: MICROECONOMICS FUNDAMENTALS. 3. Market Demand and Supply 4. Markets in Action Part III: MACROECONOMIC FUNDAMENTALS 5. Gross Domestic Product. Appendix: A Four-Sector Circular Flow Model. 6. Business Cycles and Unemployment. 7. Inflation. Part VI: MACROECONOMIC THEORY AND POLICY. 8. The Keynesian Model. 9. The Keynesian Model in Action. 10. Aggregate Demand and Supply. Appendix: The Self-Correcting Aggregate Demand and Supply Model. 11. Fiscal Policy. 12. The Public Sector. 13. Federal Deficits, Surpluses, and the National Debt. Part IV: MONEY, BANKING, AND MONETARY POLICY. 14. Money and the Federal Reserve System. 15. Money Creation. 16. Monetary Policy. Appendix: Policy Disputes Using the Self-Correcting Aggregate Demand and Supply Model. 17. The Phillips Curve and Expectations Theory. Part V: THE INTERNATIONAL ECONOMY. 18. International Trade and Finance. 19. Economies in Transition. 20. 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.
