Skip to main content

Humanities, Social Science and Language

Digital Products

Course managementreporting, and student learning tools backed by great support.

McGraw Hill GO
Greenlight learning with the new eBook+

Personalize learning and assessment

ALEKS® Placement, Preparation, and Learning
Achieve accurate math placement

Ignite mastery of MS Office and IT skills

McGraw Hill eBook & ReadAnywhere App
Get learning that fits anytime, anywhere

Sharpen: Study App
A reliable study app for students

Virtual Labs
Flexible, realistic science simulations


Inclusive Access
Reduce costs and increase success

LMS Integration
Log in and sync up

Math Placement
Achieve accurate math placement

Content Collections powered by Create®
Curate and deliver your ideal content

Custom Courseware Solutions
Teach your course your way

Professional Services
Collaborate to optimize outcomes

Remote Proctoring
Validate online exams even offsite

Institutional Solutions
Increase engagement, lower costs, and improve access for your students


General Help & Support Info
Customer Service & Tech Support contact information

Online Technical Support Center
FAQs, articles, chat, email or phone support

Support At Every Step
Instructor tools, training and resources for ALEKS, Connect & SIMnet

Instructor Sample Requests
Get step by step instructions for requesting an evaluation, exam, or desk copy

Platform System Check
System status in real time

The Economy Today
The Economy Today

The Economy Today, 16th Edition

ISBN10: 1260932990 | ISBN13: 9781260932997
By Bradley Schiller and Karen Gebhardt

Format Options:

* The estimated amount of time this product will be on the market is based on a number of factors, including faculty input to instructional design and the prior revision cycle and updates to academic research-which typically results in a revision cycle ranging from every two to four years for this product. Pricing subject to change at any time.

Instructor Information

Quick Actions (Only for Validated Instructor Accounts):

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 1:  Economics: The Core Issues
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
McGraw Hill Connect Product Logo

Main Features

  • LMS Integration
  • Print/Loose-Leaf Book Add-On Availability
  • Presentation Slides & Instructor Resources
  • Question & Test Banks
  • Adaptive Assignments
  • Student Progress Reporting & Analytics
  • Essay Prompts
  • Polling
  • Prebuilt Courses
  • Interactive Exercises
  • eBook Access (ReadAnywhere App)
  • Remote Proctoring (Proctorio)
  • Subject-Specific Tools

About the Author

Bradley Schiller

Bradley R. Schiller has more than four decades of experience teaching introductory economics at American University, the University of Nevada, the University of California (Berkeley and Santa Cruz), and the University of Maryland. He has given guest lectures at more than 300 colleges ranging from Fresno, California, to Istanbul, Turkey. Dr. Schiller’s unique contribution to teaching is his ability to relate basic principles to current socioeconomic problems, institutions, and public policy decisions. This perspective is evident throughout The Economy Today.

Dr. Schiller derives this policy focus from his extensive experience as a Washington consultant. He has been a consultant to most major federal agencies, many congressional committees, political candidates, and presidents. In addition, he has evaluated scores of government programs and helped design others. His studies of poverty, discrimination, training programs, tax reform, pensions, welfare. Social Security, and lifetime wage patterns have appeared in both professional journals and popular media. Dr. Schiller is also a frequent commentator on economic policy for television and radio, and his commentary has appeared in The Wall Street Journal, The Washington Post, The New York Times, and Los Angeles Times, among other major newspapers.

Dr. Schiller received his Ph.D. from Harvard and his B.A. degree, with great distinction, from the University of California (Berkeley). On his days off, Dr. Schiller is on the tennis courts, the ski slopes, or the crystal-blue waters of Lake Tahoe.

Karen Gebhardt

Dr. Karen Gebhardt is a faculty member in the Department of Economics and is the Director of the Online Economics Program at the University of Colorado Boulder in 2023, she received a national award by the University Professional and Continuing Education Association recognizing her excellence in online teaching and course development. Dr. Gebhardt has a passion for teaching economics. She regularly instructs courses in all modalities (online, on campus, hybrid, remote) from introductory courses in macro- and microeconomics, to upper-division courses in microeconomics, international trade, and managerial economics and graduate courses in environmental economics and public finance.

She is an early adopter of teaching with technology and advocates strongly for it because she sees the difference it makes in student engagement and learning. Dr. Gebhardt was the recipient of the Water Pik Excellence in Education Award in 2006 and was awarded the Best Teacher Award in 2015 while she was at Colorado State University. She most recently won a national award for excellence in online teaching and course development from the University Professional and Continuing Education Association.

Dr. Gebhardt research interests, publications, and presentations involve economics and online education and the economics of human-wildlife interaction. Before returning to academia, she worked as an economist at the U.S. Department of Agriculture/Animal and Plant Health Inspection Service/Wildlife Services/National Wildlife Research Center, conducting research related to the interactions of humans and wildlife. Her current research focuses on using data to improve student learning outcomes in economics education with an emphasis on improving grades and completion rates in online courses.

In her free time. Dr. Gebhardt enjoys learning about new teaching methods that integrate technology and going rock climbing and camping in the Colorado Rockies and beyond.


Creating accessible products is a priority for McGraw Hill. We make accessibility and adhering to WCAG AA guidelines a part of our day-to-day development efforts and product roadmaps.

For more information, visit our accessibility page, or contact us at

affordability icon


Reduce course material costs for your students while still providing full access to everything they need to be successful. It isn't too good to be true - it's Inclusive Access.

Need support?   We're here to help - Get real-world support and resources every step of the way.