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eBook Economics Today 20th Edition By Roger LeRoy Miller

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Pages: 768
File size: 91.2 MB
Format: Digital PDF
Course: Economics
Category: eBook[PDF]

About this ebook

The 20th Edition of Economics Today by Roger LeRoy Miller provides a comprehensive introduction to both microeconomics and macroeconomics. Published by Pearson, this edition introduces a heightened focus on behavioral economics and features a modern emphasis on Artificial Intelligence (AI) applications through data-driven decisions. [1, 2, 3]

The textbook is divided into core parts that span fundamental economic concepts, macroeconomics, microeconomics, and global trade dynamics: [1]

Part 1: Introduction to Economic Concepts

The Nature of Economics: Economic analysis, rational decision-making, economic systems, and a modern integration of AI and data analytics.
Scarcity and Trade-offs: The fundamental economic problems that societies face.
Demand and Supply: Market mechanics, equilibrium, and their extensions.
The Public Sector: Public spending, public choice theory, and funding mechanisms. [1]

Part 2 & 3: Macroeconomics and Fiscal Policy

Macroeconomic Performance: Exploring unemployment, inflation, deflation, and measuring the economy’s GDP.
Economic Growth: Long-term global development principles.
GDP Models: Classical and Keynesian macroeconomic frameworks.
Fiscal Policy: Multipliers, government deficit spending, and the public debt burden.

Part 4: Money, Banking, and Stabilization

Monetary Systems: Central banking structures, money creation, and international monetary mechanics.
Stabilization Policies: Managing global economic policy integration and prospects for shared growth.

Part 5 & 6: Dimensions of Microeconomics & Market Structure

Micro Foundations: Elasticity of demand and supply, alongside consumer choices.
Business Environment: The financial realities of modern businesses, profits, and rents.
Market Structures: Output determination under Perfect Competition, Monopoly, Monopolistic Competition, and Oligopolies.
Regulation: Antitrust policies operating within a globalized economy. [1]

Part 7 & 8: Labor, Environment, and Global Economics

Resource Markets: The labor market, structural poverty, income inequality, and healthcare economics.
Environmental Economics: Assessing economic impacts on ecosystems.
Global Economics: Comparative advantage, open economies, exchange rates, and international balance of payments. [1]