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Guell's Issues in Economics Today presents economic theory brought to life through current issues with an engaging, conversational style. The 7th edition includes 8 theory chapters introducing the core topics in microeconomics and macroeconomics, and a selection of 35 short issues chapters, from which instructors can pick and choose the issues of most interest to their students. This format allows maximum flexibility for instructors to lay a foundation of theory first or dive right into coverage of today's current issues. In addition, issues can be organized along themes such as social policy, election year issues, international issues, and business issues, or combined with outside content. Guell's 7th edition provides content that is timely and relevant for students, flexible enough to fit any course design.
Table of Contents
Chapter 1 Economics: The Study of Opportunity Cost
Appendix 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 Federal Spending
Chapter 12 Federal Deficits, Surpluses, and the National Debt
Chapter 13 The Housing Bubble
Chapter 14 The Recession of 2007-2009: Causes and Policy Responses
Chapter 15 Japan’s Lost Decade: Could it Happen to the United States?
Chapter 16 Is the (Fiscal) Sky Falling: An Examination of Unfunded Social Security, Medicare, and State and Local Pension Liabilities
Chapter 17 International Trade: Does It Jeopardize American Jobs?
Chapter 18 International Finance and Exchange Rates
Chapter 19 The European Debt Crisis
Chapter 20 Economic Growth and Development
Chapter 21 The Line Between Legal and Illegal Goods
Chapter 22 Natural Resources, the Environment, and Climate Change
Chapter 23 Health Care
Chapter 24 Government-Provided Health Insurance: Medicaid, Medicare, and the Child Health Insurance Program
Chapter 25 The Economics of Prescription Drugs
Chapter 26 So You Want to Be a Lawyer: Economics and the Law
Chapter 27 The Economics of Crime
Chapter 28 The Economics of Race and Sex Discrimination
Chapter 29 Income and Wealth Inequality
Chapter 30 Farm Policy
Chapter 31 Minimum Wage
Chapter 32 Ticket Brokers and Ticket Scalping
Chapter 33 Economics of K-12 Education
Chapter 34 Economics of College and University Education
Chapter 35 Poverty and Welfare
Chapter 36 Social Security
Chapter 37 Personal Income Taxes
Chapter 38 Energy Prices
Chapter 39 If We Build It, Will They Come? And Other Sports Questions
Web ChaptersThe International Monetary Fund: Doctor or Witch Doctor?The Cost of War and OccupationThe Economics of Terrorism Rent ControlAntitrustHead StartNAFTA, GATT, WTO: Are Trade Agreements Good for Us?Health Care Reform: Was it the Right Reform?