Part 1. The economic challenge. Economics: the core issues -- The U.S. economy: a global view -- Supply and demand -- The role of government -- Part 2. Measuring macro outcomes. National income accounting -- Unemployment -- Inflation -- Part 3. Cyclical instability. The business cycle -- Aggregate demand -- Self-adjustment or instability? -- Part 4. Fiscal policy tools. Fiscal policy -- Deficits and debt -- Part 5. Monetary policy options. Money and banks -- The federal reserve system -- Monetary policy -- Part 6. Supply-side options. Supply-side policy: short-run options -- Growth and productivity: long-run possibilities -- Part 7. Policy constraints. Theory versus reality -- Part 8. International economics. International trade -- International finance -- Global povery.

This text helps students understand how markets interconnect and respond to changes in resources and preferences. It contains in-depth analyses of externalities, public goods, ethical issues with market incomes and trade, and discusses economic theory in the context of real world problems such as climate change.

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.

Covering the conventional areas of international economics, this edition provides the blend of events and analysis to help readers understand global economic developments and to evaluate proposals for changes in economic policies. It combines economic analysis with attention to the issues of economic policy that are important.