Study Guide for Microeconomics for Today

Straightforward and engaging, MICROECONOMICS 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.

Introducing the Economic Way of Thinking
Appendix: Applying Graphs to Economics
Production Possibilities, Opportunity Cost, and Economic Growth
Market Supply and Demand
Appendix: Consumer Surplus, Producer Surplus, and Market Efficiency
Markets in Action
Appendix: Applying Supply and Demand Analysis to Health Care
Gross Domestic Product
Appendix: A Four Sector Circular Flow Model
Business Cycles and Unemployment
Inflation
The Keynesian Model
The Keynesian Model In Action
Aggregate Demand and Supply
Appendix: The Self-Correcting Aggregate Demand and Supply Model
Fiscal Policy
The Public Sector
Federal Deficits, Surpluses, and the National Debt
Money and the Federal Reserve System
Money Creation
Monetary Policy
Appendix: Policy Disputes Using the Self-Correcting Aggregate Demand and Supply Model
The Phillips Curve and Expectations Theory
International Trade and Finance
Economies in Transition
Growth and the Less-Developed Countries
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Study Guide for Microeconomics for Today

Summary

Table of Contents

Supplemental Materials