Request for consultation

Thanks for your request. You’ll soon be chatting with a consultant to get the answers you need.
Your form is submitting...
{{formPostErrorMessage.message}} [{{formPostErrorMessage.code}}]
First Name is required. 'First Name' must contain at least 0 characters 'First Name' cannot exceed 0 characters Please enter a valid First Name
Last Name is required. 'Last Name' must contain at least 0 characters 'Last Name' cannot exceed 0 characters Please enter a valid Last Name
Email Address is required. 'Email Address' must contain at least 0 characters 'Email Address' cannot exceed 0 characters Please enter a valid Email Address
Institution is required.
Discipline is required.
Country is required.
State is required.
Cengage, at your service! How can we best meet your needs? is required.
Why are you contacting us today? is required. 'Why are you contacting us today?' must contain at least 0 characters 'Why are you contacting us today?' cannot exceed 0 characters Please enter a valid Why are you contacting us today?
New!

Economics for Today, 8th Edition | AU/NZ

Allan Layton, Tim Robinson, Tommy Tang, Dinusha Dharmaratna, Irvin Tucker

  • {{checkPublicationMessage('Available 24 June 2026', '2026-06-24T00:00:00+0000')}}
Starting At $184.95 See pricing and ISBN options
Economics for Today 8th Edition by Allan Layton/Tim Robinson/Tommy Tang/Dinusha Dharmaratna/Irvin Tucker

Overview

Economics for Today 8e 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 non-majors (although can also be used in these courses) with a continued focus on ethics in economics, sustainability and environmental economics, behavioural economics, development, health, happiness and debt crises. Economics for Today 8e is also available on the MindTap eLearning platform. MindTap provides interactive graph builders, online tests, video content and access to Aplia, to build student confidence and give you a clear picture of their progress.

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

Tommy Tang has taught economics and statistics at university for more than 2 decades. He is passionate about education and 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 (2011). Tommy received his PhD at QUT in 2008. His research has been centred in economics education. He was appointed 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 was invited by the DVC (T&L) to sit on QUT Australian Awards for University Teaching Selection Committee from 2013–2018. His academic leadership at QUT also include Subject Area Coordinator of Economics (2008–2013) and Chair of the Teaching and Learning Committee (2007–2013; 2016–2018) in the School of Economics and Finance. Tommy 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 Dharmaratna

Dinusha Dharmaratna has been in academia for more than 10 years and she has extensive experience in both teaching and researching. She is unit leader for one of the Economics units at Monash College and is actively engaged in many teaching and learning research projects, including implementing a number of strategies to promote active student engagement and learning in the classroom. These include blended learning strategies such as gamification, peer-review assessments, and principles of cognitive psychology to promote collaboration and engagement. Dinusha completed her PhD in Economics in 2009 and Master of Education at Monash University in Melbourne, Australia. She was awarded the 2009 E. Gray Prize for the most significant contribution to Australia-Sri Lanka relations for her thesis. Her research interests are in the fields of environmental economics with a special focus on renewable resource management, climate change issues and agricultural and urban water management. Her recent publications have appeared in the WHO Bulletin, Water Resources Management, the Journal of Asia Pacific Economy and the Asia Pacific Journal of Economics and Business. Her research in environmental economics has the potential for contributing towards policy making, in relation to environmental and developmental issues.

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.
  • More NEW recent real-world case studies, macroeconomic data, economic indicators, summaries, and analyses.
  • 'Capstone' chapter on Behavioural Economics at the end of Micro section
  • 'Capstone' chapter on Macroeconomic policies at the end of Macro section
  • Unique capstone chapters for both micro and macro: The only essentials‑level economics resource offering dedicated capstone chapters that tackle contemporary policy issues in depth — including behavioral economics, post‑pandemic impacts, inflation, and global debt challenges.
  • Purpose‑built for one‑semester essentials courses: A concise, tightly focused table of contents, making it the only truly foundational single‑semester economics resource on the market.
  • Clear, accessible writing for non‑majors: Written with exceptional clarity to ensure core economics concepts are easily understood by students with no prior background in the discipline.
  • Engaging, student‑focused pedagogy: Features a suite of highly interactive chapter boxes — You’re the Economist, Analyze the Issue, Global Perspective, and Economics and Ethics — designed to bring concepts to life through real‑world scenarios, global context, ethical reflection, and practical application, helping students actively connect economic theory to meaningful situations.
  • MindTap allows you to create guided learning experiences for your students and serves as a companion to Layton's Economics for Today. With MindTap, you can give students full access to their ebook, along with a wide range of supplemental material and study tools to help them master their course. For Economics for today these include concept clip videos, case projects and revision quizzes. With tailored 24/7 support, we’re here for you, every step of the way. Contact your Cengage learning consultant for help getting started with Cengage’s Learning Platform courses.
  • 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 customizable questions for quizzes and assessments.
1. Thinking like an economist
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 (largely behavioural eco)
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. Macroeconomy policy I: monetary policy
17. Macroeconomy policy II: fiscal policy
18. International trade and finance
19. Macroeconomic policy issues: reflecting on economic crises and policy (new name and content)
Glossary
Index