The Macro Economy Today

Brad Schiller's text, The Macro Economy Today, 11e, is noted for three great strengths: readability, policy orientation, and pedagogy. His accessible writing style engages students and brings some of 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. This strategic choice is highlighted throughout the full range of micro, macro, and international issues. Every chapter ends with a policy issue that emphasizes the markets vs. government dilemma. And Schiller packs his chapters with the facts of economic life—real stories and applications. This is a book that teaches economics in a relevant context with careful pedagogy. It is also the only principles text that presents all macro theory in the single consistent context of the AS/AD framework. Schiller, 11e is for students motivated by real-world policy issues who want to become economically literate. This is a book students actually READ. Schiller is also known for its cutting-edge and current coverage of today’s issues.

This text aims to brings some of the excitement of domestic and global economic news into the classroom. The author's three core questions - what does the economy produce?; how is it produced?; and for whom does it produce? - help students quickly grasp the facts of economic life. The Macroeconomy Today examines the tension between free market demands and government intervention and challenges students to consider the implications of each. Every chapter starts and ends with a policy issue that reinforces that tension.

'The Macro Economy Today' is noted for three great strengths: readability, policy orientation, and pedagogy. Schiller's accessible writing style engages students and brings some of the excitement of domestic and global economic news into the classroom.

Brad Schiller's text, The Macro Economy Today, 12e, is noted for three great strengths: readability, policy orientation, and pedagogy. His accessible writing style engages students and brings some of 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. This strategic choice is highlighted throughout the full range of micro, macro, and international issues, and every chapter ends with a policy issue that emphasizes the markets vs. government dilemma. Schiller teaches economics in a relevant context, filling his chapters with the real facts and applications of economic life. Schiller is also the only principles text that presents all macro theory in the single consistent context of the AS/AD framework.

"The Economy Today is exceptionally well suited for this task. From its inception, this text has been motivated by policy issues. The primary goal has been to help students understand the challenges of economic pol-icy and the consequences of specific actions like tariffs, regulation, and tax reform. It has always provided a bal-anced discussion of these issues, allowing students to assess different perspectives on critical issues. For this edi-tion, instructors will particularly appreciate the unique chapters that provide a solid foundation for explaining, illus-trating, and assessing major Trump initiatives. Chapter 16, for example, is devoted to supply-side theory, a core foundation of Trumponomics. Students can explore the theoretical basis for tax cuts, deregulation, and immigration reform. Chapter 35 on international trade goes beyond the theory of comparative advantage to explain why and how some market participants seek to erect trade barriers. The unique chapter devoted to deregulation (Chapter 27) ex-amines the rationale for government regulation of industry, the inherent trade-offs, and the consequences of (de)regulation. The same kind of insistence on critical thinking about policy issues is apparent in Chapter 28 on envi-ronmental protection"--

The Macro Economy Today is noted for three great strengths: readability, policy orientation, and pedagogy. The accessible writing style engages students and brings some of 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. This strategic choice is highlighted throughout the full range of micro, macro, 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. Schiller is also the only principles text that presents all macro theory in the single consistent context of the AS/AD framework. The Macro Economy Today, fourteenth edition, is thoroughly integrated with the adaptive digital tools available in McGraw-Hill’s LearnSmart Advantage Suite, proven to increase student engagement and success in the course.