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Issues in Economics Today, 10th Edition
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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 10th edition is a practical and relevant introduction for 1st year survey and issues students and upper-level policy students in other social sciences. Issues in Economics Today contains 8 intensive core theory chapters and 39 shorter 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. Guell's 10th edition provides content that is timely and relevant for students, yet flexible enough to fit any course design.
Issues for Different Course Themes
Required Theory Table
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 Great Recession
Chapter 14: The COVID-19 Recession
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 Union, Debt Crisis, and Brexit
Chapter 20: Economic Growth and Development
Chapter 21: Are Trade Agreements Good for Us?
Chapter 22: The Economics of Terrorism
Chapter 23: The Line between Legal and Illegal Goods
Chapter 24: Natural Resources, the Environment, and Climate Change
Chapter 25: So You Want to Be a Lawyer: Economics and the Law
Chapter 26: The Economics of Crime
Chapter 27: Antitrust
Chapter 28: Health Care
Chapter 29: Government-Provided Health Insurance: Medicaid, Medicare, and the Children’s Health Insurance Program Chapter 30: The Economics of Prescription Drugs and Vaccines
Chapter 31: The Economics of K–12 Education
Chapter 32: College Education: Why Is It So Expensive?
Chapter 33: The Economics of Sex, Race, and Ethnic Discrimination
Chapter 34: Income and Wealth Inequality: What’s Fair?
Chapter 35: Farm Policy
Chapter 36: Minimum Wage
Chapter 37: Rent Control
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: The Economics of Big Retail: Walmart and Amazon
Chapter 47: The Economic Impact of Casino and Sports Gambling
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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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