Economics Today, 20th edition

Published by Pearson (July 9, 2020) © 2021

  • Roger LeRoy Miller Institute for University Studies, Arlington Texas
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In this eTextbook — More ways to learn

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  • More support. Get AI help and quick translations.
  • More interactive. Learn through audio, video, and practice.
  • More memorable. Study better with notes, highlights, and flashcards.
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Title overview

Economics Today addresses real, cutting-edge issues and brings economic concepts to life. The text illustrates how economics is front and center in your daily routine, connecting key concepts to real-life experiences. It also provides you with ways to evaluate your understanding of the material, before moving on.

The 20th Edition includes emphasis on behavioral economics, along with all-new problems and features that help you focus on the central ideas in economics today. With a brand new video program, you can visualize and understand key economic principles in a modern and engaging way.

Table of contents

PART 1: INTRODUCTION

  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. Public Spending and Public Choice
  6. Funding the Public Sector

PART 2: INTRODUCTION TO MACROECONOMICS AND ECONOMIC GROWTH

  1. The Macroeconomy: Unemployment, Inflation, and Deflation
  2. Measuring the Economy’s Performance
  3. Global Economic Growth and Development

PART 3: REAL GDP DETERMINATION AND FISCAL POLICY

  1. Real GDP and the Price Level in the Long Run
  2. Classical and Keynesian Macro Analyses
  3. Consumption, Real GDP, and the Multiplier
  4. Fiscal Policy
  5. Deficit Spending and the Public Debt

PART 4: MONEY, STABILIZATION, AND GROWTH

  1. Money, Banking, and Central Banking
  2. Domestic and International Dimensions of Monetary Policy
  3. Stabilization in an Integrated World Economy
  4. Policies and Prospects for Global Economic Growth

PART 5: DIMENSIONS OF MICROECONOMICS

  1. Demand and Supply Elasticity
  2. Consumer Choice
  3. Rents, Profits, and the Financial Environment of Business

PART 6: MARKET STRUCTURE, RESOURCE ALLOCATION, AND REGULATION

  1. The Firm: Cost and Output Determination
  2. Perfect Competition
  3. Monopoly
  4. Monopolistic Competition
  5. Oligopoly and Strategic Behavior
  6. Regulation and Antitrust Policy in a Globalized Economy

PART 7: LABOR RESOURCES AND THE ENVIRONMENT

  1. The Labor Market
  2. Income, Poverty, and Health Care
  3. Environmental Economics

PART 8: GLOBAL ECONOMICS

  1. Comparative Advantage and the Open Economy
  2. Exchange Rates and the Balance of Payments

Author bios

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