Economics for Today,
7th 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 Microeconomic policy issues: climate change and behavioural economics
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: reflecting on economic and debt crises

• 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.

• Tommy Tang

  Associate Professor Tommy Tang, B.Soc.Sc. (Hons), Med, PhD, SFHEA has taught economics and statistics at the undergraduate and postgraduate levels for more than two decades, with main research interest in economics education. His contribution to teaching in economics and statistics was recognised at the university and national levels, winning several teaching awards, including the prestigious Australian Learning and Teaching Council Teaching Excellence Award in 2011, and his appointment to the Australian Office of Learning and Teaching Economics Learning Standards Working Party to develop the learning standards for undergraduate and postgraduate economics programs in 2012 - 13. He has taken several administrative roles at university, has been selected as one of the 24 Inaugural reviewers in the QUT ExPRET (Expert Peer Review of Educational Practice) Program and is a senior fellow of the UK Higher Education Academy.

• Dinusha Dhamaratna

  Dr Dinusha Dharmaratna BSc (Hons), MEd, PhD worked at the Monash University for six years as the first-year Economics coordinator prior to joining Monash College. She is currently working as a unit leader for Macroeconomics and teaches Economics and Finance. Not only she has taught and developed curriculum for first- and second-year level micro and macroeconomics at Monash University and Monash College but also authored a book and a book chapter in the area of environmental and resources economics. In addition to her interest in Economics, she also actively engages in many teaching and learning research projects in blended learning strategies such as gamification, peer-review assessments, principles of cognitive psychology to promote collaboration and engagement.

• 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.

• Contemporary macroeconomics topics including wage growth, the US-China trade wars and the recent developments in the Australian banking sector incorporated into the macroeconomics chapters

• New coverage of behavioural economics in Chapter 10 (Microeconomic policy issues) but also through other microeconomic topics

• Coverage of the economic impact of Covid-19 in Chapter 19 (Macroeconomics policy issues)

• New online-only appendices: The aggregate demand–output model: the ‘Keynesian Cross’ and 'Housing Affordability'

• The all-in-one digital learning platform in MindTap includes Aplia problems sets and interactive quizzes that provide detailed feedback as well as a flexible and engaging learning experience for students The only economics essential resource on the market to provide capstone chapters for both the microeconomics and macroeconomics content, allowing courses to look at contemporary complex policy issues (the housing crisis and the GFEC) in-depth The concise table of contents was developed ground-up and enhanced with each edition specifically for the fundamentals portion of the economics market, making it the only purely fundamentals resource currently available 'You're the economist' activities provide opportunities to consider hypothetical situations, putting the student in the shoes of an economist to apply what they have learnt Study questions and problems provide opportunity for students to apply their knowledge and consolidate their learning MindTap - Premium online teaching and learning tools are available on the MindTap platform - the personalised eLearning solution. MindTap is a flexible and easy-to-use platform that helps build student confidence and gives you a clear picture of their progress. We partner with you to ease the transition to digital – we're with you every step of the way. MindTap for Layton's Economics for Today is full of innovative resources to support critical thinking, and help your students move from memorisation to mastery! Includes: • Layton's Economics for Today eBook • Concept clip videos, graph builder activities, Aplia problem sets, causation chain game activities, case projects, and revision quizzing

• MindTap is a premium purchasable eLearning tool. Contact your Cengage learning consultant to find out how MindTap can transform your course. Instructor Website - Your #1 resource for your course. This tailored collection of teaching tools includes downloadable PowerPoint lecture slides, Instructor's Manual, and Test Bank with customisable questions for quizzes and assessments. New to this edition are a separate student solutions manual and a video guide. Log in or request an account to access instructor resources at au.cengage.com/instructor/account for Australia or nz.cengage.com/instructor/account for New Zealand. Cognero Test Bank - A bank of questions has been developed in conjunction with the text for creating quizzes, tests and exams for your students. Create multiple test versions in an instant and deliver tests from your LMS, your classroom, or wherever you want using Cognero. Cognero test generator is a flexible online system that allows you to import, edit, and manipulate content from the text's test bank or elsewhere, including your own favourite test questions.

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.

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