The Economy Today, 16th Edition
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The Economy Today is noted for three great strengths: currency, policy focus, and readability. The accessible writing style engages students and brings the excitement of domestic and global economic news into the classroom. Schiller/Gebhardt emphasizes how policymakers must choose between government intervention and market reliance to resolve the core issues of what, how, and for whom to produce. These strategic trade-offs are highlighted throughout the full range of micro, macro, and international issues, and every chapter ends with a policy issue that emphasizes the market versus government dilemma. The authors teach economics in a current and relevant context, including the COVID Pandemic of 2020, filling chapters with the real facts and applications of economic life. Schiller/Gebhardt is also the only principles text that presents all macro theory in the single consistent context of the AS/AD framework and uniquely features a full supply-side economics chapter. You will also find the current Economist in Chief, Joe Biden, featured in the opening chapter. The authors have worked to ensure The Economy Today, 16th edition, is tightly integrated with the adaptive digital tools and dynamic interactive resources available in Connect. Connect is proven to increase student engagement and success. For professors there is also an updated instructor guide to bring new ideas to your course, no matter the format.
Chapter 2: The U.S. Economy: A Global View
Chapter 3: Supply and Demand
Chapter 4: The Role of Government
Chapter 5: National Income Accounting
Chapter 6: Unemployment
Chapter 7: Inflation
Chapter 8: The Business Cycle
Chapter 9: Aggregate Demand
Chapter 10: Self-Adjustment or Instability?
Chapter 11: Fiscal Policy
Chapter 12: Debt
Chapter 13: Money and Banks
Chapter 14: The Federal Reserve System
Chapter 15: Monetary Policy
Chapter 16: Supply-Side Policy
Chapter 17: Growth and Productivity
Chapter 18: Theory versus Reality
Chapter 19: Consumer Choice
Chapter 20: Elasticity
Chapter 21: The Costs of Production
Chapter 22: The Competitive Firm
Chapter 23: Competitive Markets
Chapter 24: Monopoly
Chapter 25: Oligopoly
Chapter 26: Monopolistic Competition
Chapter 27: Natural Monopolies
Chapter 28: Environmental Protection
Chapter 29: The Farm Problem
Chapter 30: The Labor Market
Chapter 31: Labor Unions
Chapter 32: Financial Markets
Chapter 33: Taxes: Equity versus Efficiency
Chapter 34: Transfer Payments: Welfare and Social Security
Chapter 35: International Trade
Chapter 36: International Finance
Chapter 37: Global Poverty
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Available within Connect, SmartBook 2.0 is an adaptive learning solution that provides personalized learning to individual student needs, continually adapting to pinpoint knowledge gaps and focus learning on concepts requiring additional study. SmartBook 2.0 fosters more productive learning, taking the guesswork out of what to study, and helps students better prepare for class. With the ReadAnywhere mobile app, students can now read and complete SmartBook 2.0 assignments both online and off-line. For instructors, SmartBook 2.0 provides more granular control over assignments with content selection now available at the concept level. SmartBook 2.0 also includes advanced reporting features that enable instructors to track student progress with actionable insights that guide teaching strategies and advanced instruction, for a more dynamic class experience.
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