Synopses & Reviews
Issues in Economics Today is a modern issues book built to meet instructor and student needs simultaneously. This title was developed to allow instructors the maximum flexibility to teach this material in a manner that fits their personal style.
This edition includes 8 intensive core theory chapters and 35 shorter issues chapters. The book is designed to allow faculty the flexibility in approach as well. Some instructors like to intertwine theory and issues while others like to lay the theoretical foundation first before heading into the issues. With flexibility in mind, instructors can set a theme for their course and pick issues consistent with that theme while others will let their students decide what issues interest them.
The Fifth Edition continues to stay on the cusp of recent events and topics through a conversational writing style that connects with the reader. The housing bubble, the recession of 2007-2009, federal spending, poverty in the United States vs. other developed countries, the environment, and foreign exchange rates are only a few of the events and important topics covered in the Fifth edition.
Table of Contents
Chapter 1: Economics: The Study of Opportunity Cost 1A: Graphing: Yes, You Can Chapter 2: Supply and Demand Chapter 3: The Concept of Elasticity and Consumer and Producer Surplus Chapter 4: Firm Production, Cost, and Revenue Chapter 5: Perfect Competition, Monopoly, and Economic versus Normal Profit Chapter 6: Every Macroeconomic Word You Ever Heard: Gross Domestic Product, Inflation, Unemployment, Recession, and Depression Chapter 7: Interest Rates and Present Value Chapter 8: Aggregate Demand and Aggregate Supply Chapter 9: Fiscal Policy Chapter 10: Monetary Policy Chapter 11: The Housing Crisis Chapter 12: The Recession of 2008-2009 Chapter 13: Federal Spending Chapter 14: Federal Deficits, Surpluses, and the National Debt Chapter 15: International Trade: Does it Jeopardize American Jobs? Chapter 16: International Finance and Exhange Rates Chapter 17: NAFTA, GATT, WTO: Are Trade Agreements Good for Us? Chapter 18: Economic Growth and Development Chapter 19: The International Monetary Fund: Doctor or Witch Doctor? Chapter 20: The Line Between Legal and Illegal Goods Chapter 21: The Environment Chapter 22: Health Care Chapter 23: Government Provided Health Insurance: Medicaid, Medicare, and the Child Health Insurance Program Chapter 24: The Economics of Prescription Drugs Chapter 25: Economics and the Law Chapter 26: The Economics of Crime Chapter 27: The Economics of Race and Sex Discrimination Chapter 28: Farm Policy Chapter 29: Minimum Wage Chapter 30: Ticket Brokers and Ticket Scalping Chapter 31: Why Did This Textbook Cost so Much? Chapter 32: Education Chapter 33: Poverty and Welfare Chapter 34: Social Security Chapter 35: Personal Income Taxes Chapter 36: Energy Prices Chapter 37: If We Build It, Will They Come? And Other Sports Questions Chapter 38: The Stock Market and Crashes Chapter 39: Unions Chapter 40: The Cost of War and Occupation Chapter 41: The Economics of Terrorism Chapter 42: Wal-Mart: Always Low Prices (and Low Wages)Always Chapter 43: The Economic Impact of Casino Gambling