Understanding Modern Economics is a fresh approach to the survey of economics course, blending just the right amount of theory with dozens of real-world examples to give students the key to modern economic reasoning. Miller's proven methodology harnesses the power of current events and issues to spark students' interest and pave the way to understanding modern economics. Through his use of real-world examples that whet student interest and make complex ideas easier to grasp, Miller gives students the tools they need to analyze supply and demand, the theory of the firm, taxation, inflation, unemployment, national income determination, fiscal and monetary policy, economic growth, and international trade and finance.