Economics Today: The Macro View plus MyEconLab plus eBook 1-semester Student Access Kit, 14/E
Roger LeRoy Miller, Institute for University Studies, Arlington, TX

ISBN-10: 0321421442
ISBN-13: 9780321421449

Publisher: Addison-Wesley
Copyright: 2008
Format: Paper Package; 604 pp
Published: 01/25/2007

Suggested retail price: $139.33
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Students learn best when they see a concept applied in the context of examples they understand. That is why Economics Today: The Macro View is so successful in classrooms where students hail from a wide variety of majors, backgrounds, and ages. An abundance of relentlessly current, news-worthy examples motivate every chapter and reflect the interests of today’s diverse student population. In this new edition, Miller has responded to the way students use their textbook as a study tool by incorporating new pedagogy to help students study effectively and by giving them more opportunities to practice. 


  • Five types of boxed examples—international, policy, e-commerce, international policy, and daily life—are based on current topics that students want to read. This edition features current issues such as vaccine shortages in recent years and the debate over Social Security private accounts.
  • The beginning of each chapter gives students a quick snapshot of a relevant issue, and the chapter ends with an Issues & Applications section that explores that same issue in depth using the economic concepts from that chapter. These effective bookends provide a coherent framework to enhance learning in each chapter.
  • The balance of Keynesian and Classical analysis gives instructors the flexibility to teach the models and schools of thought they want to include in their course.
  • Exposure to the global economy is achieved through strong international chapters and consistent use of international applications.
  • Economic growth and development are covered conceptually in an early macro chapter, and then explored in more depth later, allowing an instructor the flexibility to deal with long-run topics both early and late in the course.
  • Entire chapters are devoted to high-interest applications such as unions and labor markets; income, poverty, and health care; and environmental economics.
  • Economics Front & Center cases place students in the role of a manager and ask them to analyze a business problem using the economics tools they’ve just learned.
  • MyEconLab is an online homework and tutorial system that gives students the tools they need to learn from their mistakes. Each online problem set becomes a true learning moment because, at the end of the assignment, students identify their weak spots and receive tutorial help to master those areas. With MyEconLab, students get more out of each assessment, and professors can choose how much—or how little—time they want to spend setting up the course. For more information, visit MyEconLab.

  • All of the Issues & Applications and more than two-thirds of the in-text examples are new to this edition, keeping students up to date with the issues and stories that are in the news today.
  • The text’s pedagogy has been updated to reflect how students use their text as a study tool.
    • A new end-of-chapter Summary design helps students identify the big ideas that they should take away from the chapter, and gives them pointed instruction on where to go in MyEconLab to practice and get tutorial help on those specific topics. This complements MyEconLab, which lets students take a chapter test and generates a Study Plan with a list of which topics they have mastered and which they need to review.
    • New Quick Quizzes, appearing at the end of each major section, encourage students to test themselves on the topic they just read. If students do not get the questions right, they can re-read or go online for targeted help and practice in MyEconLab.
    • More diagrams include actual numbers along axes instead of generic labels, which serves to make diagrams more concrete for students. Graphs in microeconomics chapters now include numerical values of prices and quantities, instead of P and Q labels.
  • A subset of end-of-chapter problems are now assignable in MyEconLab, allowing instructors to assign these problems for homework without needing to spend more time grading.
  • International coverage grows increasingly important to economics classrooms. The Fourteenth Edition offers:
    • New and updated International Examples and International Policy Examples throughout
    • Discussion of the implications of greater openness of the U.S. economy for domestic macroeconomic policymaking
    • Evaluation of whether increased international trade in markets for goods, services, and factors of production has contributed to greater income inequality
  • Chapter 17, Domestic and International Dimensions of Monetary Policy, includes descriptive, non-technical coverage of interest rate targeting, the Taylor Rule, and the use of technology at the Fed to set the interest rate.
  • A new discussion of sticky-price theories is part of the modernized treatment of stabilization policy issues appears in Chapter 18, Stabilization in an Integrated World Economy.
  • Miller’s three test banks have been thoroughly reviewed, revised, and checked for accuracy.

Part 1.   Introduction
Chapter 1:   The Nature of Economics
Chapter 2:   Scarcity and the World of Trade-Offs
Chapter 3:   Demand and Supply
Chapter 4:   Extensions of Demand and Supply Analysis
Chapter 5:   Public Spending and Public Choice
Chapter 6:   Funding the Public Sector 

Part 2:   Introduction to Macroeconomics and Economic Growth
Chapter 7:   The Macroeconomy: Unemployment, Inflation, and Deflation
Chapter 8:   Measuring the Economy’s Performance
Chapter 9:   Global Economic Growth and Development

Part 3:   Real GDP Determination and Fiscal Policy
Chapter 10:   Real GDP and the Price Level in the Long Run
Chapter 11:   Classical and Keynesian Macro Analyses
Chapter 12:   Consumption, Real GDP, and the Multiplier
Chapter 13:   Fiscal Policy
Chapter 14:   Deficit Spending and the Public Debt
 
Part 4:   Money, Stabilization, and Growth
Chapter 15:   Money, Banking, and Central Banking
Chapter 16:   Money Creation and Deposit Insurance
Chapter 17:   Domestic and International Dimensions of Monetary Policy
Chapter 18:   Stabilization in an Integrated World Economy
Chapter 19:   Policies and Prospects for Global Economic Growth

Part 8:   Global Economics
Chapter 33:   Comparative Advantage and the Open Economy
Chapter 34:   Exchange Rates and the Balance of Payments  

Roger LeRoy Miller received his Ph.D. from the University of Chicago. He is currently Director of the Institute for University Studies in Arlington, Texas. Dr. Miller is a legal specialist and author of numerous books on law and the legal environment, including criminal procedure. In addition, Dr. Miller has authored books on the war on drugs, the economics of crime and criminal behavior, and on related topics.

View a Sample Chapter PDF:

For Principles of Macroeconomics


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