Economics Today Custom Edition for Suffolk County Community College

Economics Today is so successful when readers hail from a wide variety of backgrounds. An abundance of relentlessly current, news-worthy examples motivate every chapter and reflect the interests of today's diverse reader population. Introduction:The Nature of Economics; Scarcity and the World of Trade-Offs; Demand and Supply; Extensions of Demand and Supply Analysis; The Public Sector and Public Choice; Taxes, Transfers, and Public Spending;Introduction to Macroeconomics and Economic Growth:The Macroeconomy: Unemployment, Inflation, and Deflation; Measuring the Economy's Performance; Global Economic Growth and Development;Real GDP Determination and Fiscal Policy:Real GDP and the Price Level in the Long Run; Classical and Keynesian Macro Analyses; Consumption, Real GDP, and the Multiplier; Fiscal Policy; Deficit Spending and the Public Debt;Money, Stabilization, and Growth:Money, Banking, and Central Banking; Money Creation and Deposit Insurance; Domestic and International Dimensions of Monetary Policy; Stabilization in an Integrated World Economy; Policies and Prospects for Global Economic Growth;Dimensions of Microeconomics:Consumer Choice; Demand and Supply Elasticity; Rents, Profits, and the Financial Environment of Business;Market Structure, Resource Allocation, and Regulation:The Firm: Cost and Output Determination; Perfect Competition; Monopoly; Monopolistic Competition; Oligopoly and Strategic Behavi√ Regulation and Antitrust Policy in a Globalized Economy;Labor Resources and the Environment:The Labor Market: Demand, Supply, and Outsourcing; Unions and Labor Market Monopoly Power; Income, Poverty, and Health Care; Environmental Economics;Global Economics:Comparative Advantage and the Open Economy; Exchange Rates and the Balance of Payments For all readers interested in principles of economics.