Economics and Contemporary Issues with Economic Applications Card / Edition 6

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This text examines major issues pertaining to education, health care, Social Security, unemployment, inflation, and international trade. It also examines social and political phenomena, such as the collapse of communism and central planning, the role of government in a modern economy, crime and drugs, poverty, and the failure of some economies to grow. The book maximizes the advantages of the issues approach by examining issues that interest students, while developing core economic principles, providing insights and challenges, and an analytical framework - all of which emphasize critical thinking. Students who study this textbook will develop an increased interest in economics, seeing it as important in understanding issues that affect them personally, as well as in understanding today's headlines. This book develops principles and applications to issues more thoroughly and provides much more of an international perspective than most of the others like it on the market.

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Product Details

  • ISBN-13: 9780324273779
  • Publisher: Cengage Learning
  • Publication date: 4/15/2003
  • Edition number: 6
  • Pages: 576

Meet the Author

Michael R. Edgmand is a Professor of Economics (Emeritus), retired from Oklahoma State University. He is the author of Macroeconomics: Theory and Policy (first, second and third editions) and coauthor of Economics and Contemporary Issues. Dr. Edgmand is also coauthor of "Trade Expansion, Full Employment, and Adjustment Assistance," for the Southern Economic Journal. His research interests include investment, income policy, and alternative macroeconomic models. He served as Visiting Professor at Reed College in Portland, Oregan (1987) and a Visiting Scholar at the University of Washington (1979-80). Dr. Edgmand is a past president of the Missouri Valley Economic Association, and a member of the American Economic Association, Western Economic Association, and Southern Economic Association. He is listed in Marquis Who's Who in Finance and Industry.

Ronald L. Moomaw is an Associate Professor of Economics, Oklahoma State University. He is also an Associate Editor for the Journal of Regional Science, and an Assistant Editor for Journal of Economics. In addition to coauthorship of Economics and Contemporary Issues, Dr. Moomaw is the author or coauthor of many articles appearing in journals such as Quarterly Journal of Economics, Southern Economic Journal, Journal of Urban Economics, Regional Science and Urban Economics, Journal of Regional Science, Urban Studies, Land Economics, Annals of Regional Science, and Review of Regional Studies. His current research interests include efficiency in secondary education, economic growth of states, and local unemployment differentials. Dr. Moomaw has served as principal investigator on projects funded by the U.S. Department of Commerce and U.S. Information Agency. He also served on the faculty of the University of British Columbia and University of Virginia, as Senior Research Associate for The Urban Institute, and as an economist at the U.S. Department of Commerce. He is currently on leave at the University of Bonn.

Kent W. Olson is a Professor of Economics at Oklahoma State University. He has co-authored two textbooks and has written numerous articles that have appeared in Land Economics, National Tax Journal, Social Science Quarterly, Journal of Business and Economics, and American Journal of Economics and Sociology. His research interests include Social Security reform, health care reform, federal budget issues and educational finance. Dr. Olson has served on the faculty of Occidental College, Arizona State University, Indiana University/Purdue University at Indianapolis, and United States International University. He is a member of the Western Economic Association, Southwest Economic Association and is listed in Who's Who in American Men and Women of Science.

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Table of Contents

1. Economic Growth: An Introduction to Scarcity and Choice. 2. An Introduction to Economic Systems and the Workings of the Price System. 3. Inefficiency: The Pervasive Economic Problem. 4. Competitive Markets and Government Policy: Agriculture. 5. Market Power: Does It Help or Hurt the Economy? 6. Air Pollution: Balancing Benefits and Costs. 7. Health Care Reform: How Much? 8. Crime and Drugs: A Modern Dilemma. 9. College Education: Is It Worth the Cost? 10. Educational Reform: The Role of Incentives and Choice. 11. Social Security: Where Are We? Where Are We Going? 12. Poverty, Income Distribution, and Discrimination. 13. Tracking the Macroeconomy. 14. Unemployment: A Recurring Problem. 15. Inflation: A Monetary Phenomenon. 16. Budget Deficits, Surpluses, and the National Debt: What Legacy? 17. The Global Economy: Trade. 18. The Global Economy: Finance.

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