Economics for Today,
6th Edition

1 Thinking like an economist
Appendix to Chapter 1: Applying graphs to economics
2 Production possibilities and opportunity cost
3 Market demand and supply
4 Markets in action
5 Elasticity of demand and supply
6 Production costs
7 Perfect competition
8 Monopoly
9 Monopolistic competition and oligopoly
10 Policy Issues
11 Measuring the size of the economy
12 Business cycles and economic growth
13 Inflation and unemployment
14 A simple model of the macro economy
15 The monetary and financial system
16 Macroeconomic policy I: monetary policy
17 Macroeconomic policy II: fiscal policy
18 International trade and finance
19 Macroeconomics Policy issues (Capstone)

• Allan Layton

  Professor Allan Layton, BEcon. (Hons), MEcon., PhD, received his doctorate from the University of Queensland in 1982. Since then he has held academic posts at La Trobe University, Griffith University, Macquarie University, Columbia University in the USA, the University of Queensland, and the Queensland University of Technology (where he was Head of School of Economics and Public Policy, from 1992 to 1995, and then Head of School of Economics and Finance, from 1995 to 2005). Since 2006 he has been at the University of Southern Queensland (USQ) and, in mid-2013, completed a seven-year period as Dean of the Faculty of Business and Law. He continues at USQ as Professor of Economics and his research and teaching interests span international business-cycle analysis, financial and monetary economics, macroeconomic policy and applied econometrics.

• Tim Robinson

  Professor Tim Robinson, BEcon. (Hons), PhD (Qld), worked in the private sector for seven years prior to embarking upon an academic career. Part of his time in the private sector was spent running his own small business. He is currently Emeritus Professor of Economics at Queensland University of Technology where he previously held the position of Professor and Head of School of Economics and Finance. As well as having taught introductory and intermediate economics at a number of universities over many years, he has also published in the areas of environmental economics, applied welfare economics, history of economic thought, the teaching of economics, and the new economy. Books he has authored or co-authored include Economic Theories of Exhaustible Resources, Work, Leisure and the Environment; Macroeconomics: A Contemporary Introduction and Microeconomics: A Contemporary Introduction. He has also undertaken economic consulting work in the areas of curriculum development, financial investment, taxation, and the environment.

• Irvin Tucker

  Irvin Tucker has more than 30 years of experience teaching introductory economics at the University of North Carolina Charlotte. Dr Tucker is the former director of the Center for Economics Education at the University of North Carolina Charlotte. His work has received national recognition by being awarded the Meritorious Leavy Award for Excellence in Private Enterprise Education, the Federation of Independent Business Award for Postsecondary Educator of the Year in Entrepreneurship and Economic Education, and the Freedoms Foundation George Washington Honor Medal for Excellence in Economic Education.

• Learning objectives now feature in each chapter opener. They provide a clear sense of what topics are covered in the chapter and what students should understand on completion, they also help with lesson planning and align directly with the end of chapter summaries.

• Up-to-date policy analyses throughout the text ensure lecturers and students are using the most current and relevant material.

• New Chapter 19: Macroeconomic Policy Issues: The Global Financial and Economics Crisis; and European Sovereign Debt Crisis is a capstone style chapter; similar to Chapter 10 at the end of Part 3. These are applied chapters that review and consolidate theoretical learning by means of topical issues.

• Reconceptualised end of chapter questions allow for more focused revision and manageable workload (reduced amount of questions with extension questions available online).

• Extensively updates Chapter 10: Microeconomic Policy Issues: Housing affordability and climate change to reflect the current housing market and climate change argument.

• Analyse the issue topics present a brief case study so students can apply the ideas explained in each chapter to a practical example

• Economics and ethics highlights key ethical considerations throughout the text

• Global perspective presents ways in which international phenomena affect the chapter topics

• The online margin feature encourages independent research and further reading

• In summary provides a short recap of all the topics covered under each A-head making revision easy

• Key terms and margin definitions highlight important terms and increase understanding of key concepts

• End of chapter material includes key concepts, summary, study and multiple-choice questions to reinforce learning

• MindTap provides interactive graph builders, online tests, and video content to build student confidence and give academics a clear picture of their progress

• SearchMe access gives access to the most current articles and journals related to economics

• CourseMate helps students extend their knowledge and enhance their understanding of the topics in the textbook

Cengage provides a range of supplements that are updated in coordination with the main title selection. For more information about these supplements, contact your Learning Consultant.

Search Me! Economics
9780170181617

Instructor Website for Layton's Economics for Today
9780170416504

Instructor's Manual for Layton Economics for Today
9780170416511

PowerPoint Slides for Layton Economics for Today
9780170416535

Test Bank for Layton Economics for Today
9780170416528