Economics for Today,
6th Edition

Allan Layton, Tim Robinson, Irvin Tucker

ISBN-13: 9780170410830 | ISBN-10: 0170410838

Copyright 2019

| Published 2018

| 540 pages

List Price USD $111.00


Economics for Today 6e simplifies the array of confusing economic analyses and presents a straightforward and balanced approach that effectively teaches the application of basic economics principles. Only essential material is included in the book and key concepts are explained in clear and simple terms. Written in an engaging and user-friendly manner, the book is designed for a range of economics students with a continued focus on ethics in economics, sustainability and environmental economics, housing stress, development, health, happiness and debt crises.

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Meet the Authors

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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 – 1995), and then Head of School of Economics and Finance (from 1995 – 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. He is the author of Modern Australian Macroeconomics and has published widely in international academic journals. He has also served on a number of corporation boards and acted as consultant to both private- and public-sector organisations.

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 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.

  • 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.
  • 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.
  • Reconceptualised end of chapter questions allow for more focused revision and manageable workload (reduced amount of questions with extension questions available online).
  • Economics and ethics highlights key ethical considerations throughout the text
  • CourseMate helps students extend their knowledge and enhance their understanding of the topics in the textbook
  • End of chapter material includes key concepts, summary, study and multiple-choice questions to reinforce learning
  • SearchMe access gives access to the most current articles and journals related to economics
  • MindTap provides interactive graph builders, online tests, and video content to build student confidence and give academics a clear picture of their progress
  • 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
  • Global perspective presents ways in which international phenomena affect the chapter topics
  • In summary provides a short recap of all the topics covered under each A-head making revision easy
  • The online margin feature encourages independent research and further reading

Table of Contents

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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)

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.

Instructor Website for Layton's Economics for Today

Everything you need for your course in one place! This collection of product-specific lecture and class tools is available online via the instructor resource centre at www.cengage.com/login. You'll be able to access and download materials such as PowerPoint presentations, images, and the instructor’s manual. New to this edition robust PowerPoint lecture outlines that have been designed for an active classroom with reading check questions and Think-Pair-Share questions as well as the traditional section by section outline.

CourseMate Express for Layton's Economics for Today, 2-term Instant Access


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Economics for Today

  • ISBN-10: 0170410838
  • ISBN-13: 9780170410830

Price USD$ 111.00


*Purchase not available for this country