Economics for Today

Part I: INTRODUCTION TO ECONOMICS.1. Introducing the Economic Way of Thinking.A1. Appendix 1: Applying Graphs to Economics.2. Production Possibilities, Opportunity Cost, and Economic Growth.Part II: MICROECONOMIC FUNDAMENTALS.3. Market Demand and Supply.4. Markets in Action.A4. Appendix 4: Consumer Surplus, Producer Surplus, and Market Efficiency.5. Elasticity.6. Consumer Choice Theory.A6. Appendix 6: Indifference Curve Analysis.7. Production Costs.Part III. MARKET STRUCTURES.8. Perfect Competition.9. Monopoly.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.A15. Appendix 15: A Four-Sector Circular Flow Model.16. Business Cycles and Unemployment.17. Inflation.Part VI: MACROECONOMIC THEORY AND POLICY.18. The Keynesian Model.19. The Keynesian Model in Action.20. Aggregate Demand and Supply.A20. Appendix 20: 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.A26. Appendix 26: Policy Disputes Using the Self-Correcting Aggregate Demand and Supply Model.27. The Phillips Curve and Expectations Theory.Part VIII: THE INTERNATIONAL ECONOMY.28. International Trade and Finance.29. Economies in Transition.30. Growth and the Less-Developed Countries.Glossary.Index.

Dr. Irvin B. Tucker spent more than 30 years teaching introductory economics at the University of North Carolina Charlotte. He earned his B.S. in economics at North Carolina State University and his M.A. and Ph.D. in economics from the University of South Carolina. He was a long-time member of the National Council on Economic Education. Dr. Tucker served as executive director of the S.C. Council of Education and director of the Center for Economic Education at the University of North Carolina at Charlotte. He was recognized for his ability to relate basic principles to economic issues and public policy. His work has received national recognition with awards, including the Meritorious Levy Award for Excellence in Private Enterprise Education, the Federation of Independent Business Award for Postsecondary Educator of the Year in Entrepreneurship and Economic Education and the Freedom Foundation's George Washington Medal for Excellence in Economic Education. In addition, Dr. Tucker's research has been published in numerous professional journal articles on a wide range of topics, including industrial organization, entrepreneurship and economics of education. In addition to this title, Dr. Tucker authored other highly successful economics books that have shaped students' lives and impacted economics education.