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MyEconLab should only be purchased when required by an instructor.
Introductory one-semester course for freshman or sophomore non-majors without a background in economics.
Real-world data analysis, games, and economic experiments for socially engaged readers
Economic Analysis of Social Issues provides readers with a modern analytical approach to economics based on the tools of game theory. Readers who are passionate about contemporary social problems are given an analytical framework to discuss problems like pollution, health care, and the depletion of natural resources. Using fun, simple tools of game theory, readers discover that ultimately, these problems have similar origins. Readers will leave the course with a solid grasp of strategic behavior and understand how such behavior, exercised in the pursuit of individual incentives, can lead to poor collective outcomes.
A user-friendly, conversational writing style infused with analytical rigor makes the text approachable and easy to read. Economic experiments and games not found in any other text about the subject, along with real-time data analysis exercises allow readers to learn by doing. This approach teaches readers to analyze social problems, rather than memorize facts that will soon become dated or irrelevant.
Also available with MyEconLab®
MyEconLab is an online homework, tutorial, and assessment program designed to work with this text to engage students and improve results. Students practice what they learn, test their understanding, and pursue a personalized study plan that
helps them better absorb course material and understand difficult concepts.
MyEconLab allows you to engage your students in the course material before, during, and after class with a variety of activities and assessments.
Alan Grant is professor of economics at Baker University. Prior to teaching at Baker, he was professor of economics at Eastern Illinois University and served as a visiting professor at Harlaxton College in England. He has taught the economic issues course for more than 15 years. Professor Grant is the recipient of a number of teaching awards and has been nationally recognized for teaching excellence. His research has been published in numerous professional journals, including Public Finance Review, National Tax Journal, Economics Letters, the Quarterly Review of Economics and Finance, Applied Economics Letters, and the Journal of Economic Education, and has been highlighted in The Wall Street Journal, Businessweek, The Economist, and The New York Times.
Part 1: The Basic Building Blocks
1. Fundamental Concepts in Economics
2. Cost-Benefit Analysis and the Value of Life
3. Basic Game Theory: Games Between Two Players
4. Game Theory: Games Between Three or More Players
Part 2: Markets and Government: A Recipe for Producing Wealth
5. Free Exchange: Individual and International Trade
6. The Market System: Functions, Structure, and Institutions
Part 3: The Environment: Property Rights, Transactions Costs, and the Role of Government
7. The Nature of Pollution Problems
8. Government Policies to Regulate Pollution
9. Resource Depletion and Sustainability
Part 4: Public Goods and the Public Sector
10. Public Goods and the Role of Government
11. Public Goods: Tackling Large Projects and Eminent Domain
12. The Volunteer's Dilemma: A Collective Inaction Problem
13. Voting: You Can’t Always Get What You Want
Part 5: Health Care and Discrimination: Problems of Incomplete Information
14. The Economics of Health Insurance and Health Care
15. Segregation and Discrimination
Part 6: Macroeconomics
16. Gross Domestic Product and the Wealth of Nations: An Introduction to the Macroeconomy
18. An Introduction to Money, Banks, and the Financial System
19. The Federal Reserve: Monetary Policy, Economic Activity, and Inflation
20. The Federal Government: Taxes, Spending, and Fiscal Policy
21. Income Inequality and the Redistribution of Income
Appendix: Demand and Supply and Elasticity