The Micro Economy Today is noted for three great strengths: readability, policy orientation, and effective pedagogy. The accessible writing style engages students and brings the excitement of domestic and global economic news into the classroom.
Schiller emphasizes how policymakers must choose between government intervention and market reliance to resolve the core issues of what, how, and for whom to produce. These strategic trade-offs are highlighted throughout the full range of micro and and international issues, and every chapter ends with a policy issue that emphasizes the markets vs. government dilemma.
The authors teach economics in a relevant context, filling chapters with the real facts and applications of economic life.
The Micro Economy Today, 15th edition, is thoroughly integrated with adaptive digital tools and dynamic interactive resources available in Connect -- proven to increase student engagement and success.
Appendix: Using Graphs
Chapter 2: The U.S. Economy: A Global View Chapter 3: Supply and Demand
Chapter 4: The Role of Government
Part Two: Product Markets: The Basics
Chapter 5: Consumer Choice
Appendix: Indifference Curves
Chapter 6: Elasticity
Chapter 7: The Costs of Production
Part Three: Market Structure
Chapter 8: The Competitive Firm
Chapter 9: Competitive Markets
Chapter 10: Monopoly
Chapter 11: Oligopoly
Chapter 12: Monopolistic Competition
Part Four: Regulatory Issues
Chapter 13: Natural Monopolies: (De)regulation?
Chapter 14: Environmental Protection
Chapter 15: The Farm Problem
Part Five: Factor Markets: Basic Theory
Chapter 16: The Labor Market
Chapter 17: Labor Unions
Chapter 18: Financial Markets
Part Six: Distributional Issues
Chapter 19: Taxes: Equity Versus Efficiency
Chapter 20: Transfer Payments: Welfare and Social Security
International
Part Seven: International Economics
Chapter 21: International Trade
Chapter 22: International Finance
Chapter 23: Global Poverty