The Economy Today (17th Edition)

Description:

Master the economic forces shaping our world with the 17th Edition of The Economy Today. This textbook is renowned for three main strengths: currency, policy focus, and readability. It moves away from dry theory to show how economics actually works in the real world—from the impact of the COVID-11 pandemic to the economic strategies of the current US administration. It is the perfect guide for students who want to understand “the big picture” without getting lost in unnecessary jargon.

Why the 17th Edition is the Definitive Choice:

• Real-World Policy Focus: Every chapter ends with a “Policy Issue” section, forcing you to choose between market reliance and government intervention.

• Modern Macro Framework: It is the only principles text that presents all macro theory in the single, consistent context of the AS/AD (Aggregate Supply/Aggregate Demand) framework.

• Current & Relevant: Includes updated discussions on global inflation, supply chain disruptions, and the economics of climate change.

• Engaging Pedagogy: Uses “Economy Tomorrow” boxes to help students project current trends into future economic realities.

Key Topics Covered:

• The Economic Challenge: Scarcity, opportunity costs, and the “What, How, and For Whom” of production.

• Product Markets: Supply and demand, consumer choice, and market structures (Competition to Monopoly).

• Macro Outcomes: Measuring GDP, unemployment, and inflation.

• Policy Options: Fiscal policy, monetary policy (The Fed), and Supply-Side options.

• The Global Economy: International trade, exchange rates, and global development.

Key Specifications:

• ISBN-13: 9781266827195

• Authors: Bradley R. Schiller and Karen Gebhardt

• Publisher: McGraw Hill

• Edition: 17th Edition (Latest, Copyright 2024)

• Format: Physical Paperback / International Student Edition