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Economics Today: A Canadian Perspective Macroeconomics, 1st edition

Published by Pearson Canada (17 February 2022) © 2023

  • Roger LeRoy Miller Institute for University Studies, Arlington Texas
  • Lia Rizzo Northern Alberta Institute of Technology
  • George Sroka Northern Alberta Institute of Technology
  • James Higginson Northern Alberta Institute of Technology
  • Mustaq Ahmad Northern Alberta Institute of Technology

Title overview

For two-semester courses in the principles of economics.

Economics brought to life through real-world application

Students learn best when they see concepts applied to examples from their everyday lives, so Economics Today addresses real, cutting-edge issues while facilitating student learning. The text shows students how economics is front and center in their daily routines, while providing them with many ways to evaluate their understanding of key concepts covered in each chapter. Economics Today includes emphasis on behavioral economics, along with all-new problems, vignettes, and features that engage students and help them focus on the central ideas in economics today. With a brand new video program students can also visualize and understand key economics principles in a modern and engaging way.

Hallmark features of this title

  • Digital Interactives. Economic principles are not static ideas, and learning them shouldn't be either. Digital Interactives are dynamic and engaging assessment activities that promote critical thinking and application of key economic principles. Each Digital Interactive has 3–5 progressive levels and requires approximately 20 minutes to explore, apply, compare, and analyze each topic. 
  • Single Player Experiments. Experiments are an easy-to-use, fun, and engaging way to promote active learning and mastery of important economic concepts. Single-player experiments allow students to play against virtual players from anywhere at any time so long as they have an Internet connection. 
  • Real-Time Data Analysis Figures use up-to-the-minute, real-time macroeconomic data. These figures communicate directly with the Federal Reserve Bank of St. Louis's FRED™ site, so every time FRED posts new data, students see it within the eText

The 1st Canadian edition of Miller will retire on June 1, 2026. Please speak to your rep about updating your course to the new 2nd Canadian edition.

New and updated features of this title

  • Explaining Artificial Intelligence (AI) Applications in the Real World. The Canadian edition includes a feature entitled AI - Decision Making through Data. Each chapter contains at least one AI feature box. Examples include:
    • The Global Tourism Industry (Chapter 3)
    • Contemplating Big Data as a Public Good (Chapter 5)
    • Google Job Searches to Predict Unemployment (Chapter 6)
    • Using New Information about Flows of Goods and Services (Chapter 7)
  • WHAT HAPPENS WHEN . . . . This feature will help students apply previously discussed theory. Examples include:
    • What Happens When . . . people's actual reactions to incentives differ from how they claim they would respond in answers to survey questions? (Chapter 1)
    • What Happens When . . . the planned investment function shifts? (Chapter 11)
    • What Happens When . . . financing a larger percentage of government spending by issuing bonds domestically and abroad ends up crowding out investment spending? (Chapter 13)

Table of contents

  1. The Nature of Economics
  2. Scarcity and the World of Trade-Offs
  3. Demand and Supply
  4. Extensions of Demand and Supply Analysis
  5. Market Failures and the Public Sector
  6. The Macroeconomy: GDP, Unemployment, and Inflation
  7. Measuring the Economy's Performance
  8. Global Economic Growth and Development
  9. Real GDP and the Price Level in the Long Run
  10. Classical and Keynesian Macro Analyses
  11. Consumption, Real GDP, and the Multiplier
  12. Fiscal Policy
  13. Deficit Spending and the Public Debt
  14. Money, Banking, and Money Creation
  15. Bank of Canada and Monetary Policy
  16. Stabilization in an Integrated World Economy
  17. Policies and Prospects for Global Economic Growth
  18. Comparative Advantage and the Open Economy
  19. Balance of Payments and Exchange Rates

Author bios

Roger LeRoy Miller has served on the faculty of several universities, including the University of Washington, Clemson University, and the University of Miami School of Law. As a professor, he has taught intellectual property law and entertainment law, among other subjects. A widely published and respected author, his work has appeared in the Insurance Counsel Journal, Defense Research, California Trial Lawyers Journal, Antitrust Bulletin, Wisconsin Law Review, and Connecticut Law Review. Professor Miller completed his studies at the University of California at Berkeley and University of Chicago.

Mushtaq Ahmad received his M.A. in economics from the University of Waterloo (Canada) in 1984, and his Ph.D. in economics from Northern Illinois University (USA) in 1988. He was the recipient of the Outstanding Graduate Scholar of the Year award in 1985. He has over 30 years of experience in teaching undergraduate economics. He has been teaching economics at the Northern Alberta Institute of Technology since 2007. Prior to this, he also taught at Northern Illinois University, USA, 1985–1988; University of Wisconsin, USA, 1988–1993; Sultan Qaboos University, Oman, 1993–2005; and Saint Frances Xavier University, Canada, 2005–2007. His research has been published in leading economic journals, including Review of Economics and Statistics, Journal of Macroeconomics, Economia Internazionale, Indian Journal of Economics, Managerial Finance, and International Journal of Applied Business and Economics Research. 

George Sroka has a M.A. in applied economics from the University of Victoria and an Honours B.A. in economics from the University of Waterloo. George started his post-secondary teaching career in 2004 at Northern Alberta Institute of Technology and Grant MacEwan College.

Prior to joining Northern Alberta Institute of Technology full time in 2008, George had over 15 years of private-sector industry experience working as an economist. George has worked in several fields: telecommunications, commercial real estate, and consulting. He has specialized in business planning, forecasting, and economic modelling. His work includes forecasting commercial real estate (retail, industrial, office) demand, municipal population growth, and land-use changes, as well as assessing post-secondary institutions' and school boards' capacity requirements, and performing cost benefit analyses of municipal amalgamation.

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