Straightforward and engaging, "Macroeconomics for Today, 5E" uses a unique textual and visual learning system to present, reinforce and test your comprehension while teaching the basic concepts of economic principles and giving you the context to apply them in their everyday lives. This concise text focuses on core concepts, providing an extremely student friendly text that includes unparalleled pedagogy and teaching support. The new edition also includes ThomsonNOW, a powerhouse of online resources including custom designed learning paths, lively videos, interactive assessments, testing tools, and much more. Engaging and easy to use, this book's fast-paced, action-packed approach explains all the essential concepts without being encyclopedic as it teaches you to apply basic economic principles to real-world issues.

Table of Contents

PART 1: INTRODUCTION TO ECONOMICS. 1. Introducing the Economic Way of Thinking. Appendix: Applying Graphs to Economics. 2. Production Possibilities, Opportunity Cost, and Economic Growth. PART 2: MICROECONOMIC FUNDAMENTALS. 3. Market Supply and Demand. Appendix: Consumer Surplus, Producer Surplus, and Market Efficiency. 4. Markets in Action. Appendix: Applying Supply and Demand Analysis to Health Care. 5. Gross Domestic Product. Appendix: A Four-Sector Circular Flow Model. 6. Business Cycles and Unemployment. 7. Inflation. PART 3: MACROECONOMIC THEORY AND POLICY. 8. The Keynesian Model. 9 The Keynesian Model in Action. 10Aggregate Demand and Supply. Appendix: The Self-Correcting Aggregate Demand and Supply Model. 11. Fiscal Policy. 12. The Public Sector. 13. Federal Deficits, Surpluses, and the National Debt. PART 4: MONEY, BANKING, AND MONETARY POLICY. 14. Money and the Federal Reserve System. 15. Money Creation. 16. Monetary Policy. Appendix: Policy Disputes Using the Self-Correcting Aggregate Demand and Supply Model. 17. The Phillips Curve and Expectations Theory. PART 5: THE INTERNATIONAL ECONOMY. 18. International Trade and Finance. 19. Economies in Transition. 20. Growth and the Less-Developed Countries. Appendix A: Answers to Odd-Numbered Study Questions and Problems. Appendix B: Answers to Practice Quizzes. Glossary. Index.