Economics for today
Allan Layton, Tim Robinson, Irvin B. Tucker
- 6th Asia-Pacific ed.
- Melbourne : Cengage Learning, c2019.
- xix , 535 p. : col. ill. ; 25 cm.
Includes index.
Part 1 Introduction to economics 1 Thinking like an economist Appendix to Chapter 1: Applying graphs to economics 2 Production possibilities and opportunity cost 3 Market demand and supply 4 Markets in action Part 2 Microeconomic fundamentals 5 Elasticity of demand and supply 6 Production costs Part 3 Market structures 7 Perfect competition 8 Monopoly 9 Monopolistic competition and oligopoly 10 Policy Issues: housing affordability and climate change Part 4 Macroeconomic fundamentals 11 Measuring the size of the economy 12 Business cycles and economic growth 13 Inflation and unemployment Part 5 Macroeconomic theory and policy 14 A simple model of the macro economy 15 The monetary and financial system 16 Macroeconomic policy I: monetary policy 17 Macroeconomic policy II: fiscal policy Part 6 Further aspects of international economics 18 International trade and finance.
Economics for Today 5e aims to simplify the array of confusing economic analyses and present a straightforward and balanced approach that effectively teaches the application of basic economics principles. Only essential material is included in the book and key concepts are explained in clear and simple terms. Written in an engaging and user-friendly manner, the book is designed for non-majors (although can also be used in these courses). This edition includes discussion of important economic and financial issues being dealt with in the aftermath of the global financial crisis as well economic considerations of policy developments relating to carbon pollution abatement and housing affordability.