Ansel M. Sharp,
University of the South Charles A. Register,
Florida Atlantic U - Boca Raton Paul W. Grimes,
Mississippi State University
ISBN: 007298435x Copyright year: 2006
Feature Summary
Current Topics. Students will not only learn the latest trends in social issues, but will also learn to see their relevance. Such topics include a discussion of single-entry sports leagues using Major League Soccer (MLS) as an example, a discussion of embargoes as an international trade restriction policy using the U.S. embargo of Cuba as an example, and an analysis of the 2001 recession and prospects for economic growth during the next decade.
Chapter on K-12 Education. Chapter 6, Economics of Education: The Crisis in K-12, explores the following questions: 1) Who should pay for basic education?; 2) How much basic education should be produced?; 3) What institutional structure should provide basic education? Current practices and potential reforms to our basic educational system are evaluated within the context of answering these important economic questions. Emphasis is placed on the distinction between private and social benefits and costs.
Chapter on Price Controls (Minimum Wage and Rent Control). This chapter discusses these two very current debates that lawmakers, both in Washington and locally, are grappling with. This chapter allows students to examine what happens when governments intervene in the market place and to analyze the costs and benefits of such intervention.
Provides a starting point for general economics and encourages using economic concepts to analyze appropriate issues. An economic issue is discussed impartially and without bias, concepts and principles are developed for the student, and then they are applied to the issue. The text helps students understand economic issues to enhance the rest of their adult lives as citizens, voters, and participants in the economy.
Strong Pedagogy. Chapter opener pages with a chapter outline and a checklist of important economic concepts, excerpts illustrating pertinent economic issues introduce chapter discussion, and marginal definitions and notations clarify terms and provide insight into discussions for students. Easy-to-understand figures and tables illustrate points of discussion. End-of-chapter summaries, discussion questions, list of additional readings, and World Wide Web resources reinforce learning of new material. Easy-to-use Glossary of Terms facilitates assimilation of new vocabulary.
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2006 McGraw-Hill Higher Education