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Issues in Economics Today
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Table of Contents

Chapter 1: Economics: The Study of Opportunity Cost

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, 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: Is Economic Stagnation the New Normal?

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: NAFTA, GATT, WTO: Are Trade Agreements Good for Us?

Chapter 22: The Line Between Legal and Illegal Goods

Chapter 23: Natural Resources, The Environment, and Climate Change

Chapter 24: Health Care

Chapter 25: Government-Provided Health Insurance: Medicaid, Medicare, and the Child Health Insurance Program

Chapter 26: The Economics of Prescription Drugs

Chapter 27: So You Want to Be a Lawyer: Economics and the Law

Chapter 28: The Economics of Crime

Chapter 29: Antitrust

Chapter 30: The Economics of Race and Discrimination

Chapter 31: Income and Wealth Inequality

Chapter 32: Farm Policy

Chapter 33: Minimum Wage

Chapter 34: Ticket Brokers and Ticket Scalping

Chapter 35: Rent Control

Chapter 36: Economics of K-12 Education

Chapter 37: Economics of College and University Education

Chapter 38: Poverty and Welfare

Chapter 39: Head Start

Chapter 40: Social Security

Chapter 41: Personal Income Taxes

Chapter 42: Energy Prices

Chapter 43: If We Build It, Will They Come? And Other Sports Questions

Chapter 44: The Stock Market Crashes

Chapter 45: Unions

Chapter 46: Walmart: Always Low Prices (and Low Wages) - Always

Chapter 47: The Economic Impact of Casino Gambling

Chapter 48: The Economics of Terrorism

About the Author

Dr. Robert C. Guell (pronounced "Gill") is a professor of economics at Indiana State University in Terre Haute, Indiana. He earned a B.A in statistics and economics in 1986 and an M.S. in economics one year later from the University of Missouri-Columbia. In 1991, he earned a Ph.D. from Syracuse University, where he discovered the thrill of teaching. He has taught courses for freshmen, upper-division undergraduates, and graduate students from the principles level, through public finance, all the way to mathematical economics and econometrics. Dr. Guell's passion for teaching economics led him to request an assignment with the largest impact. The one-semester general education basic economics course became the vehicle to express that passion. Unsatisfied with the books available for the course, he made it his calling to produce an all-in-one readable issues-based text.

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