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Essentials of Economics https://www.mheducation.com/cover-images/Jpeg_400-high/1264122101.jpeg 12 2023 9781264122103 Written specifically for the one semester survey of economics course, Schiller’s Essentials of Economics is known for seeking the best possible answers to the basic questions of WHAT, HOW, and FOR WHOM to produce. Schiller is dedicated to introducing core economic principles in a real-world context by focusing on trending policies and front-page developments. As in earlier editions, the twelfth edition strives to engage students by illustrating economics with examples of applied economy theory found in real-world institutions, policy debates, and global developments like COVID-19. Essentials of Economics is thoroughly integrated with the adaptive digital tools available in McGraw Hill’s Connect, proven to increase student engagement and success in the course. Coauthor Karen Gebhardt has closely aligned digital resources to the text benefiting both students and instructors. Essentials of Economics features the latest suite of Connect resources including SmartBook 2.0.
09781264122103
Essentials of Economics
Essentials of Economics

Essentials of Economics, 12th Edition

ISBN10: 1264122101 | ISBN13: 9781264122103
By Bradley Schiller, Karen Gebhardt
© 2023

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* 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.

Additional Product Information:

Written specifically for the one semester survey of economics course, Schiller’s Essentials of Economics is known for seeking the best possible answers to the basic questions of WHAT, HOW, and FOR WHOM to produce. Schiller is dedicated to introducing core economic principles in a real-world context by focusing on trending policies and front-page developments. As in earlier editions, the twelfth edition strives to engage students by illustrating economics with examples of applied economy theory found in real-world institutions, policy debates, and global developments like COVID-19. Essentials of Economics is thoroughly integrated with the adaptive digital tools available in McGraw Hill’s Connect, proven to increase student engagement and success in the course. Coauthor Karen Gebhardt has closely aligned digital resources to the text benefiting both students and instructors. Essentials of Economics features the latest suite of Connect resources including SmartBook 2.0.

Section I: BASICS
Chapter 1: THE CHALLENGE OF ECONOMICS 
Chapter 2: THE U.S. ECONOMY 
Chapter 3: SUPPLY AND DEMAND 

Section II: MICROECONOMICS
Chapter 4: CONSUMER DEMAND 
Chapter 5: SUPPLY DECISIONS 
Chapter 6: COMPETITION 
Chapter 7: MONOPOLY 
Chapter 8: THE LABOR MARKET 
Chapter 9: GOVERNMENT INTERVENTION 

Section III: MACROECONOMICS
Chapter 10: THE BUSINESS CYCLE 
Chapter 11: AGGREGATE SUPPLY AND DEMAND 
Chapter 12: FISCAL POLICY 
Chapter 13: MONEY AND BANKS 
Chapter 14: MONETARY POLICY 
Chapter 15: ECONOMIC GROWTH 

Section IV: INTERNATIONAL
Chapter 16: INTERNATIONAL TRADE
 
Section V: CAPSTONE
Chapter 17: THEORY VERSUS REALITY 
Connect

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SmartBook® 2.0

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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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

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. 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. Dr. Gebhardt’s research interests, publications, and presentations involve the 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.

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