Issues in economics today /
Robert C. Guell.
- Ninth edition.
- xxxi, 526 pages : illustrations ; 25 cm.
- The McGraw-Hill series economics .
Includes bibliographical references and index.
Economics: the study of opportunity cost -- Supply and demand -- The concept of elasticity and consumer and producer surplus -- Firm production, cost, and revenue -- Perfect competition, monopoly, and economic versus normal profit -- Every macroeconomic word you ever heard: gross domestic product, inflation, unemployment, recession, and depression -- Money, interest rates, and present value -- Aggregate demand and aggregate supply -- Fiscal policy -- Monetary policy -- Federal spending -- Federal deficits, surpluses, and the national debt -- The housing bubble -- The recession of 2007-2009: causes and policy responses -- Is economic stagnation the new normal -- Is the (fiscal) sky falling?: an examination of unfunded social security, Medicare, and state and local pension liabilities -- International trade: does it jeopardize American jobs -- International finance and exchange rates -- The European union, debt crisis, and Brexit -- Economic growth and development -- Are trade agreements good for us -- The line between legal and illegal goods -- Natural resources, the environment, and climate change -- Heath care -- Government-provided health insurance: Medicaid, Medicare, and the children's health insurance program -- The economics of prescription drugs -- So you want to be a lawyer: economics and the law -- The economics of crime -- Antitrust -- The economics of race and sex discrimination -- Income and wealth inequality: what's fair -- Farm policy -- Minimum wage -- Ticket brokers and ticket scalping -- Rent control -- The economics of k-12 education -- College and university education: why is it so expensive -- Poverty and welfare -- Head start -- Social security -- Personal income taxes -- Energy prices -- If we build it, will they come? and other sports questions -- The stock market and crashes -- Unions -- Walmart: always low prices (and low wages) always -- The economic impact of casino and sports gambling -- The economics of terrorism.