The Economy Today

Brad Schiller's text, The Economy Today, 12e, is noted for three great strengths: readability, policy orientation, and pedagogy. His accessible writing style engages students and brings some of the excitement of domestic and global economic news into the classroom. Schiller emphasizes how policymakers must choose between government intervention and market reliance to resolve the core issues of what, how, and for whom to produce. This strategic choice is highlighted throughout the full range of micro, macro, and international issues, and every chapter ends with a policy issue that emphasizes the markets vs. government dilemma. Schiller teaches economics in a relevant context, filling his chapters with the real facts and applications of economic life. Schiller is also the only principles text that presents all macro theory in the single consistent context of the AS/AD framework.

Part 1 The Economic Challenge Chapter 1 Economics: The Core Issues Appendix: Using Graphs Chapter 2 The U.S. Economy: A Global View Chapter 3 Supply and Demand Chapter 4 The Role of Government Part 2 Measuring Macro Outcomes Chapter 5 National-Income Accounting Chapter 6 Unemployment Chapter 7 Inflation Part 3 Cyclical Instability Chapter 8 The Business Cycle Chapter 9 Aggregate Demand Appendix: The Keynesian Cross Chapter 10 Self-Adjustment or Instability? Part 4 Fiscal Policy Tools Chapter 11 Fiscal Policy Chapter 12 Deficits and Debt Part 5 Monetary Policy Options Chapter 13 Money and Banks Chapter 14 The Federal Reserve System Chapter 15 Monetary Policy Part 6 Supply-Side Options Chapter 16 Supply-Side Policy: Short-run Options Chapter 17 Growth and Productivity: Long-run Possibilities Part 7 Policy Constraints Chapter 18 Theory versus Reality Part 8 Product Markets: The Basics Chapter 19 Consumer Demand Appendix: Indifference Curves Chapter 20 The Costs of Production Part 9 Market Structure Chapter 21 The Competitive Firm Chapter 22 Competitive Markets Chapter 23 Monopoly Chapter 24 Oligopoly Chapter 25 Monopolistic Competition Part 10 Regulatory Issues Chapter 26 (De)Regulation of Business Chapter 27 Environmental Protection Chapter 28 The Farm Problem Part 11 Factor Markets: Basic Theory Chapter 29 The Labor Market Chapter 30 Labor Unions Chapter 31 Financial Markets Part 12 Distributional Issues Chapter 32 Taxes: Equity versus Efficiency Chapter 33 Transfer Payments: Welfare and Social Security Part 13 International Economics Chapter 34 International Trade Chapter 35 International Finance Chapter 36 Global Poverty