Economics and Contemporary Issues

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Cengage Learning, Jul 25, 2012 - Business & Economics - 456 pages
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Discover the importance of economics in today's news and even everyday personal life as this book's unique, issues-oriented approach delves into engaging areas of interest. Moomaw/Olson/Applegate/McLean's ECONOMICS AND CONTEMPORARY ISSUES, 9E examines major economic issues related to education, health care, Social Security, unemployment, inflation, and international trade. This edition also examines social and political phenomena throughout the world, such as the collapse of communism and central planning, the role of government in today's economy as well as crime and poverty.
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Contents

Economic Growth An Introduction to Scarcity and Choice
1
An Introduction to Economic Systems and the Workings of the Price System
21
Competitive Markets and Government Policy Agriculture
49
Efficiency in Resource Allocation How Much Do We Have? How Much Do We Want?
81
Market Power Does It Help or Hurt the Economy?
103
Air Pollution Balancing Benefits and Costs
127
Health Care How Much? For Whom?
145
Crime and Drugs A Modern Dilemma
161
Tracking and Explaining the Macroeconomy
259
Unemployment The Legacy of Recession Technological Change and Free Choice
283
Inflation A Monetary Phenomenon
307
Sustained Budget Deficits Is This Any Way to Run a Government?
341
Social Security Leading Issues and Approaches to Reform
355
International Trade Beneficial but Controversial
377
Financing Trade and the Trade Deficit
397
Glossary
413

College Education Is It Worth the Cost?
191
Educational Reform The Role of Incentives and Choice
209
Poverty Old and New Approaches to a Persistent Problem
237

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About the author (2012)

Bill McLean has taught a variety of economics courses during the past 13 years. His experience includes instructing both at the college and high school levels where he has taught Advanced Placement (AP) Microeconomics and Macroeconomics, Principles of Microeconomics, Intermediate Macroeconomics as well as Money and Banking. He is a reader for the National AP Economics Exam. His primary research covers economic education and economic teaching pedagogies. He earned his B.A. in Business Administration from Columbus State University and M.B.A from Florida Institute of Technology. He also holds a M.A. in National Security and Strategic Studies from the Naval War College. He is currently completing a Ph.D. in Economics at Oklahoma State University.

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