Help your students visualize economics in action with the most pedagogically-rich, complete text on the market: Irvin Tucker’s ECONOMICS FOR TODAY, Seventh Edition. A quick look at this engaging, dynamic text will show you why this is the book that is famous for helping students at all levels of skill and preparation.
Written by an award-winning educator recognized for his work in relating basic economic principles to global issues, Irvin Tucker’s ECONOMICS FOR TODAY continues its strong tradition of presentation using a unique textual and visual learning system. This edition concisely presents and reinforces core concepts, then immediately assesses student comprehension to ensure understanding.
The latest information on federal deficits, the stimulus package, environmental issues, and other developments in economics today is presented in an engaging, easy-to-follow format that students can quickly grasp and apply to everyday life.
1. Introducing the Economic Way of Thinking.
Appendix: Applying Graphs to Economics.
2. Production Possibilities, Opportunity Cost, and Economic Growth.
PART II: MICROECONOMIC FUNDAMENTALS.
3. Market Demand and Supply.
Appendix: Consumer Surplus, Producer Surplus, and Market Efficiency.
4. Markets in Action.
Appendix: Applying Supply and Demand Analysis to Health Care.
5. Price Elasticity of Demand and Supply.
6. Consumer Choice Theory.
Appendix: Indifference Curve Analysis.
7. Production Costs.
PART III. MARKET STRUCTURES.
8. Perfect Competition.
10. Monopolistic Competition and Oligopoly.
11. Labor Markets.
PART IV: MICROECONOMIC POLICY ISSUES.
12. Income Distribution, Poverty, and Discrimination.
13. Antitrust and Regulation.
14. Environmental Economics.
PART V: MACROECONOMIC FUNDAMENTALS.
15. Gross Domestic Product.
Appendix: A Four-Sector Circular Flow Model.
16. Business Cycles and Unemployment.
PART VI: MACROECONOMIC THEORY AND POLICY.
18. The Keynesian Model.
19. The Keynesian Model in Action.
20. Aggregate Demand and Supply.
Appendix: The Self-Correcting Aggregate Demand and Supply Model.
21. Fiscal Policy.
22. The Public Sector.
23. Federal Deficits, Surpluses, and the National Debt.
PART VII: MONEY, BANKING, AND MONETARY POLICY.
24. Money and the Federal Reserve System.
25. Money Creation.
26. Monetary Policy.
Appendix: Policy Disputes Using the Self-Correcting Aggregate Demand and Supply Model.
27. The Phillips Curve and Expectations Theory.
Appendix A Answers to Odd-Numbered Study Questions and Problems.
Appendix B Answers to Practice Quizzes.
Appendix C Answers to Road Map Questions.
Irvin B. Tucker
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