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Issues in Economics Today
Issues in Economics Today

Issues in Economics Today, 9th Edition

ISBN10: 1260225321 | ISBN13: 9781260225327
By Robert Guell

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* The estimated amount of time this product will be on the market is based on a number of factors, including faculty input to instructional design and the prior revision cycle and updates to academic research-which typically results in a revision cycle ranging from every two to four years for this product. Pricing subject to change at any time.

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Guell's Issues in Economics Today brings economic theory  to life by presenting current issues in an engaging, conversational style. The 9th edition is a practical and relevant introduction for first-year survey and issues students and upper-level policy students in other social sciences. Issues in Economics Today contains eight core theory chapters covering the essential tools of microeconomics and macroeconomics. With forty short issues chapters, instructors can select the issues of most interest to their students or create a thematic course using the correlation guide to structure the course around social policy, health and education policy, election year issues, international issues, or business issues. This format allows maximum flexibility for instructors to lay a foundation of theory first or dive right into coverage of today's current issues. Instructors looking to engage their students with relevant topics in survey courses will find it easy to present the essential theory in a way that leaves plenty of time for exciting applications. Guell's 9th edition provides content that is timely and relevant for students, yet flexible enough to fit any course design.

Bonus Chapter The Economics of Pandemics
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, and Depression
Chapter 7 Money, 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 Stateand Local Pension Liabilities
Chapter 17 International Trade: Does It Jeopardize American Jobs?
Chapter 18 International Finance and Exchange Rates
Chapter 19 The European Union, Debt Crisis, and Brexit
Chapter 20 Economic Growth and Development
Chapter 21 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 Children’s 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 Sex Discrimination
Chapter 31 Income and Wealth Inequality: What’s Fair?
Chapter 32 Farm Policy
Chapter 33 Minimum Wage
Chapter 34 Ticket Brokers and Ticket Scalping
Chapter 35 Rent Control
Chapter 36 The Economics of K–12 Education
Chapter 37 College and University Education: Why is it so Expensive?
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 and Crashes
Chapter 45 Unions
Chapter 46 Walmart: Always Low Prices (and Low Wages)—Always
Chapter 47 The Economic Impact of Casino and Sports Gambling
Chapter 48 The Economics of Terrorism 
Web Chapter: The Economics of Pandemics









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About the Author

Robert Guell

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 has published numerous peer-reviewed articles in scholarly journals. He has worked extensively in the area of pharmaceutical economics, suggesting that the private market’s patent system, while necessary for drug innovation, is unnecessary and inefficient for production. 

In 1998, Dr. Guell was the youngest faculty member ever to have been given Indiana State University’s Caleb Mills Distinguished Teaching Award. His talent as a champion of quality teaching was recognized again in 2000 when he was named project manager for the Lilly Project to Transform the First-Year Experience, a Lilly Endowment–funded project to raise firstyear persistence rates at Indiana State University. He was ISU’s Coordinator of First-Year Programs until January 2008, when he happily stepped aside to rejoin his department full time. 

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 what you have before you today—an all-in-one readable issues-based text.

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