The Micro Economy Today - Softcover

Softcover

ISBN 10: 0072472006 ISBN 13: 9780072472004

Publisher: McGraw-Hill/Irwin, 2003

Synopsis

This is a continuation of the last edition's strengths of teaching students the principles of macroeconomics by tying economic concepts and theory to provocative illustrations and examples from contemporary world events. Schiller maintains a well-constructed narrative, relating the fundamental concepts and theory of economics to contemporary world events with which students are likely to be familiar. Throughout, global competitiveness motivates cost analysis - a trademark of Schiller's past editions and a proven pedagogical technique for the exploration of microeconomic topics. Schiller's careful, step-by-step examination of topics along with an extensive graphics programme and interesting boxed features encourage students to think critically about economics.

About this title

From the Publisher

In order to best explain the principles of economics, The Microeconomy Today carefully explains the differences between reality and theory. This real-world focus is the central theme of this text. Throughout every chapter in Schiller, there is a constant interplay between theoretical principles and real-world events. Through the use of recent examples from journals and newspapers, The Microeconomy Today offers the most complete coverage of the issues and events to complement the real-world focus.

In addition to the discussion of the principles of economics, Schiller feels that the text must "teach" basic principles and reinforce them with a variety of pedagogical aids. Hence, The Microeconomy Today is noted for its numerous pedagogical aids that enhance the students learning and retention ability through every chapter. Numerous examples, colorful, well-marked graphs, chapter preview and review, running glossary, narrative summaries, discussion questions, and numerical and graphical problems constitute each chapter's pedagogical tools. In the 6th edition, we introduced a full set of graphing problems in the back of the text, to help instructors

A well-received descriptive chapter was added in the 6th edition to introduce the American economy within the global economy (Chapter 2). This chapter is descriptive and self-contained, and can be taught at any point an instructor feels appropriate to his or her course. The chapter addresses three key themes in the overall presentation: what, how, and for whom the economy produces.

The entire text is developed around the central theme of government intervention versus market reliance.
Explicitly demonstrates through new tables and charts the contrasting models of Keynesian, monetarist, and supply-side economics.
"World View," "In the News," and "Economy Tomorrow" have been completely updated. In addition a special section in the testbank now supplies quiz and exam questions directly related to boxed material.
Numerous examples of the Cuban economy are used to highlight the problems of communism and to outline a pending transition.

About the Author

Schiller of the American University

Edition details

• Publisher: McGraw-Hill/Irwin
• Publication date: 2003
• Language: English
• ISBN 10: 0072472006
• ISBN 13: 9780072472004
• Binding: Paperback