Economics of Macro Issues, The, 8th edition

Published by Pearson (July 11, 2017) © 2018

  • Roger LeRoy Miller Institute for University Studies, Arlington Texas

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For principles of economics and social issues courses.

Brief, relevant readings that spark independent thinking and classroom discussions

The Economics of Macro Issues is a collection of brief, relevant readings that spark independent thinking and classroom discussion in principles of economics and social issues. The text encourages students to apply theoretical discussions to today’s important issues to gain a deeper understanding of current macroeconomic policy concerns. The 8th Edition addresses critical new macroeconomic policy issues with timeliness and insight. And it showcases pivotal developments in American economic affairs and policy making in the past few years, in ways that will both challenge and enlighten students at all levels of academia.

Spark independent thinking and classroom discussion

  • Readings are concise, allowing for easy integration into any principles of economics or issues-based classroom.
  • A correlation guide in the preface illustrates how to integrate topics into different courses.
  • Conversational and informative non-technical writing is geared toward principles-level students and does not require advanced math.
  • Each chapter offers sound economic analysis, leaving the reader with a solid understanding of the concepts at work.
  • Using the latest debates in macroeconomic policy, the authors encourage readers to question their own assumptions and the analysis offered by the media and politicians on key issues.
  • An online Instructor’s Manual (available via the Instructor’s Resource Center: www.pearsonhighered.com) provides tips for leading classroom dialogue, and includes:
    • A synopsis that cuts to the core of the economics issues presented in the chapter
    • A concise exposition of the “behind the scenes” economic foundations of the text (along with 1 or more diagrams)
    • Answers to all end-of-chapter discussion questions, along with suggested new avenues of discussion
  • End-of-chapter “For Critical Analysis” questions offer students the opportunity to test their knowledge and review chapter concepts.
  • A Glossary is included at the back of the book to help students use new terms.

Reflect new evidence and incentives

The following chapters have been updated or completely revised to reflect recent developments in the American economy:

  • UPDATED! Chapter 6: Hello Boomers, Goodbye Prosperity (the world is aging—and the world’s economy is suffering)
  • UPDATED! Chapter 9: The Disappearing Middle Class (why the middle class no longer rules)
  • REVISED! Chapter 10: Capital, Wealth, and Inequality
  • REVISED! Chapter 12: The Case of the Missing Worker
  • UPDATED! Chapter 13: The Gig Economy (how jobs are changing and what it means for the future)
  • REVISED! Chapter 17: Can We Afford the Affordable Care Act?
  • UPDATED! Chapter 26: Cryptocurrencies (are Bitcoin, Zcash, and Litecoin here to stay?)
  • REVISED! Chapter 28: The Eurozone after Brexit
  • REVISED! Chapter 30: The Opposition to Globalization
  • UPDATED! All remaining chapters have been updated so that students get the most current evidence on each topic in the text.

Reflect new evidence and incentives

The following chapters have been updated or completely revised to reflect recent developments in the American economy:

  • Chapter 6: Hello Boomers, Goodbye Prosperity (the world is aging–and the world’s economy is suffering)
  • Chapter 9: The Disappearing Middle Class (why the middle class no longer rules)
  • Chapter 10: Capital, Wealth, and Inequality
  • Chapter 12: The Case of the Missing Worker
  • Chapter 13: The Gig Economy (how jobs are changing and what it means for the future)
  • Chapter 17: Can We Afford the Affordable Care Act?
  • Chapter 26: Cryptocurrencies (are Bitcoin, Zcash, and Litecoin here to stay?)
  • Chapter 28: The Eurozone after Brexit
  • Chapter 30: The Opposition to Globalization
  • All remaining chapters have been updated so that students get the most current evidence on each topic in the text.

PART ONE: THE MIRACLE OF ECONOMIC GROWTH

1. Rich Nation, Poor Nation

2. Innovation and Growth

3. Outsourcing and Economic Growth

4. Poverty, Capitalism, and Growth

5. The Threat to Growth

6. Hello Boomers, Goodbye Prosperity

 

PART TWO: THE BUSINESS CYCLE, UNEMPLOYMENT, AND INFLATION

7. What Should GDP Include?

8. What’s in a Word? Plenty, When It’s the “R” Word

9. The Disappearing Middle Class

10. Capital, Wealth, and Inequality

11. The Great Stagnation

12. The Case of the Missing Workers

13. The Gig Economy

14. Mobility in America

15. Inflation and the Debt Bomb

16. Is It Real, or Is It Nominal?

 

PART THREE: FISCAL POLICY

17. Can We Afford the Affordable Care Act?

18. Who Really Pays Taxes?

19. Are You Stimulated Yet?

20. Higher Taxes Are in Your Future

21. The Myths of Social Security

 

PART FOUR: MONETARY POLICY AND FINANCIAL INSTITUTIONS

22. The Fed and Financial Panics

23. The Fed Feeding Frenzy

24. Deposit Insurance and Financial Markets

25. Revolutionizing the Way We Pay

26. Cryptocurrencies

 

PART FIVE: GLOBALIZATION AND INTERNATIONAL FINANCE

27. The Value of the Dollar

28. The Eurozone after Brexit

29. The Global Power of the Big Mac

30. The Opposition to Globalization

31. The $750,000 Job

 

Selected References and Web Links

Roger LeRoy Miller received his PhD from the University of Chicago. Miller is a legal specialist and author of numerous books on law and the legal environment, including criminal procedure. In addition, Miller has authored books on the war on drugs, the economics of crime and criminal behavior, and on related topics.

Daniel K. Benjamin is an Alumni Distinguished Professor in the John E. Walker Department of Economics, Clemson University.

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