Essentials of Economics, 12th Edition
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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.
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
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