Economic Analysis of Social Issues

- 1Fundamental Concepts in Economics
  - 1.1What Is Economics?
  - 1.2Key Principles of Economics: Scarcity, Trade-offs, and Opportunity Costs
  - 1.3Key Principle of Economics: People Respond to Incentives
  - 1.4A Brief Introduction to Collective Action Problems
  - 1.5How Economists Analyze Economic Issues
  - 1.6Conclusion
  - 1.7Experiment
- 2Cost–Benefit Analysis and the Value of a Life
  Preview Mode
  Login or Purchase this book to read the remaining sections.
  Login Buy Now
  - 2.1Cost–Benefit Analysis
    Preview Mode
    Login or Purchase this book to read the remaining sections.
    Login Buy Now
  - 2.2Applying Cost–Benefit Analysis to Life
    Preview Mode
    Login or Purchase this book to read the remaining sections.
    Login Buy Now
  - 2.3Using Cost–Benefit Analysis to Determine an Appropriate Level of Safety
    Preview Mode
    Login or Purchase this book to read the remaining sections.
    Login Buy Now
  - 2.4Problems and Pitfalls of Cost–Benefit Analysis When Life Is Involved
    Preview Mode
    Login or Purchase this book to read the remaining sections.
    Login Buy Now
  - 2.5Approaches to Valuing a Life
    Preview Mode
    Login or Purchase this book to read the remaining sections.
    Login Buy Now
  - 2.6Conclusion
    Preview Mode
    Login or Purchase this book to read the remaining sections.
    Login Buy Now
  - 2.7Experiment
    Preview Mode
    Login or Purchase this book to read the remaining sections.
    Login Buy Now
- 3Supply and Demand
  Preview Mode
  Login or Purchase this book to read the remaining sections.
  Login Buy Now
  - 3.1Demand
    Preview Mode
    Login or Purchase this book to read the remaining sections.
    Login Buy Now
  - 3.2Supply
    Preview Mode
    Login or Purchase this book to read the remaining sections.
    Login Buy Now
  - 3.3Equilibrium
    Preview Mode
    Login or Purchase this book to read the remaining sections.
    Login Buy Now
  - 3.4Changes in Supply and Demand
    Preview Mode
    Login or Purchase this book to read the remaining sections.
    Login Buy Now
  - 3.5Factors that Shift Supply and Demand
    Preview Mode
    Login or Purchase this book to read the remaining sections.
    Login Buy Now
  - 3.6The Price Elasticity of Supply and Demand
    Preview Mode
    Login or Purchase this book to read the remaining sections.
    Login Buy Now
  - 3.7Conclusion
    Preview Mode
    Login or Purchase this book to read the remaining sections.
    Login Buy Now
  - 3.8Experiment
    Preview Mode
    Login or Purchase this book to read the remaining sections.
    Login Buy Now
- 4Basic Game Theory: Exploring Strategic Interactions
  Preview Mode
  Login or Purchase this book to read the remaining sections.
  Login Buy Now
  - 4.1What Is Game Theory?
    Preview Mode
    Login or Purchase this book to read the remaining sections.
    Login Buy Now
  - 4.2The Basic Structure of Games
    Preview Mode
    Login or Purchase this book to read the remaining sections.
    Login Buy Now
  - 4.3The Basic Types of Games
    Preview Mode
    Login or Purchase this book to read the remaining sections.
    Login Buy Now
  - 4.4Conclusion
    Preview Mode
    Login or Purchase this book to read the remaining sections.
    Login Buy Now
  - 4.5Experiment
    Preview Mode
    Login or Purchase this book to read the remaining sections.
    Login Buy Now
- 5Free Exchange: Individual and International Trade
  Preview Mode
  Login or Purchase this book to read the remaining sections.
  Login Buy Now
  - 5.1Comparative Advantage, Exchange, and Wealth Creation
    Preview Mode
    Login or Purchase this book to read the remaining sections.
    Login Buy Now
  - 5.2Restrictions on Free Exchange
    Preview Mode
    Login or Purchase this book to read the remaining sections.
    Login Buy Now
  - 5.3International Trade and Not-So-Free Exchange
    Preview Mode
    Login or Purchase this book to read the remaining sections.
    Login Buy Now
  - 5.4Conclusion
    Preview Mode
    Login or Purchase this book to read the remaining sections.
    Login Buy Now
  - 5.5Experiment
    Preview Mode
    Login or Purchase this book to read the remaining sections.
    Login Buy Now
- 6The Market System: Functions, Structure, and Institutions
  Preview Mode
  Login or Purchase this book to read the remaining sections.
  Login Buy Now
  - 6.1The Market System: Its Functions and Structure
    Preview Mode
    Login or Purchase this book to read the remaining sections.
    Login Buy Now
  - 6.2The Four Functions of Prices in the Market System
    Preview Mode
    Login or Purchase this book to read the remaining sections.
    Login Buy Now
  - 6.3The Foundations of Well-Functioning Markets: A Role for Government
    Preview Mode
    Login or Purchase this book to read the remaining sections.
    Login Buy Now
  - 6.4Connecting Effort and Reward: An Illustration
    Preview Mode
    Login or Purchase this book to read the remaining sections.
    Login Buy Now
  - 6.5Conclusion
    Preview Mode
    Login or Purchase this book to read the remaining sections.
    Login Buy Now
  - 6.6Experiment
    Preview Mode
    Login or Purchase this book to read the remaining sections.
    Login Buy Now
- 7The Nature of Pollution Problems
  Preview Mode
  Login or Purchase this book to read the remaining sections.
  Login Buy Now
  - 7.1Externalities
    Preview Mode
    Login or Purchase this book to read the remaining sections.
    Login Buy Now
  - 7.2Pollution Problems (Negative Externalities) and Disagreements over the Competing Uses of Scarce Resources
    Preview Mode
    Login or Purchase this book to read the remaining sections.
    Login Buy Now
  - 7.3How Much Pollution Is the Right Amount of Pollution?
    Preview Mode
    Login or Purchase this book to read the remaining sections.
    Login Buy Now
  - 7.4The Coase Theorem
    Preview Mode
    Login or Purchase this book to read the remaining sections.
    Login Buy Now
  - 7.5Why the Coase Theorem May Not Work: Transactions Costs
    Preview Mode
    Login or Purchase this book to read the remaining sections.
    Login Buy Now
  - 7.6Conclusion
    Preview Mode
    Login or Purchase this book to read the remaining sections.
    Login Buy Now
  - 7.7Experiment
    Preview Mode
    Login or Purchase this book to read the remaining sections.
    Login Buy Now
- 8Government Policies to Regulate Pollution
  Preview Mode
  Login or Purchase this book to read the remaining sections.
  Login Buy Now
  - 8.1Four Major Types of Transactions Costs
    Preview Mode
    Login or Purchase this book to read the remaining sections.
    Login Buy Now
  - 8.2Regulating Pollution in an Ideal World
    Preview Mode
    Login or Purchase this book to read the remaining sections.
    Login Buy Now
  - 8.3Tools Governments Use to Regulate Pollution
    Preview Mode
    Login or Purchase this book to read the remaining sections.
    Login Buy Now
  - 8.4Conclusion
    Preview Mode
    Login or Purchase this book to read the remaining sections.
    Login Buy Now
  - 8.5Experiment
    Preview Mode
    Login or Purchase this book to read the remaining sections.
    Login Buy Now
- 9Resource Depletion and Sustainability
  Preview Mode
  Login or Purchase this book to read the remaining sections.
  Login Buy Now
  - 9.1Will the World Run Out of Oil?
    Preview Mode
    Login or Purchase this book to read the remaining sections.
    Login Buy Now
  - 9.2What Resources Are in Danger of Depletion?
    Preview Mode
    Login or Purchase this book to read the remaining sections.
    Login Buy Now
  - 9.3The Tragedy of the Commons
    Preview Mode
    Login or Purchase this book to read the remaining sections.
    Login Buy Now
  - 9.4How Can Society Fix Depletion Problems?
    Preview Mode
    Login or Purchase this book to read the remaining sections.
    Login Buy Now
  - 9.5Conclusion
    Preview Mode
    Login or Purchase this book to read the remaining sections.
    Login Buy Now
  - 9.6Experiment
    Preview Mode
    Login or Purchase this book to read the remaining sections.
    Login Buy Now
- 10Public Goods and the Role of Government
  Preview Mode
  Login or Purchase this book to read the remaining sections.
  Login Buy Now
  - 10.1Public Versus Private Goods
    Preview Mode
    Login or Purchase this book to read the remaining sections.
    Login Buy Now
  - 10.2How Nonexcludability Leads to Free Riding and the Public Goods Problem
    Preview Mode
    Login or Purchase this book to read the remaining sections.
    Login Buy Now
  - 10.3Property Rights and the Public Goods Problem
    Preview Mode
    Login or Purchase this book to read the remaining sections.
    Login Buy Now
  - 10.4How Governments Can Overcome the Public Goods Problem
    Preview Mode
    Login or Purchase this book to read the remaining sections.
    Login Buy Now
  - 10.5Conclusion
    Preview Mode
    Login or Purchase this book to read the remaining sections.
    Login Buy Now
  - 10.6Experiment
    Preview Mode
    Login or Purchase this book to read the remaining sections.
    Login Buy Now
- 11Public Goods: Tackling Large Projects and Eminent Domain
  Preview Mode
  Login or Purchase this book to read the remaining sections.
  Login Buy Now
  - 11.1The Role of Individuals in Large Projects
    Preview Mode
    Login or Purchase this book to read the remaining sections.
    Login Buy Now
  - 11.2The Role of Government in Large Projects
    Preview Mode
    Login or Purchase this book to read the remaining sections.
    Login Buy Now
  - 11.3Conclusion
    Preview Mode
    Login or Purchase this book to read the remaining sections.
    Login Buy Now
  - 11.4Experiment
    Preview Mode
    Login or Purchase this book to read the remaining sections.
    Login Buy Now
- 12The Volunteer’s Dilemma: A Collective Inaction Problem
  Preview Mode
  Login or Purchase this book to read the remaining sections.
  Login Buy Now
  - 12.1What Is the Volunteer’s Dilemma?
    Preview Mode
    Login or Purchase this book to read the remaining sections.
    Login Buy Now
  - 12.2If Apathy Doesn’t Explain the Volunteer’s Dilemma, What Does?
    Preview Mode
    Login or Purchase this book to read the remaining sections.
    Login Buy Now
  - 12.3Game Theory and the Volunteer’s Dilemma
    Preview Mode
    Login or Purchase this book to read the remaining sections.
    Login Buy Now
  - 12.4Mixed-Strategy Play and the Volunteer’s Dilemma
    Preview Mode
    Login or Purchase this book to read the remaining sections.
    Login Buy Now
  - 12.5Overcoming the Volunteer’s Dilemma
    Preview Mode
    Login or Purchase this book to read the remaining sections.
    Login Buy Now
  - 12.6Conclusion
    Preview Mode
    Login or Purchase this book to read the remaining sections.
    Login Buy Now
  - 12.7Experiment
    Preview Mode
    Login or Purchase this book to read the remaining sections.
    Login Buy Now
- 13Voting: You Can’t Always Get What You Want
  Preview Mode
  Login or Purchase this book to read the remaining sections.
  Login Buy Now
  - 13.1An Introduction to Voting Methods
    Preview Mode
    Login or Purchase this book to read the remaining sections.
    Login Buy Now
  - 13.2Conventional Political Elections and the Median Voter Theorem
    Preview Mode
    Login or Purchase this book to read the remaining sections.
    Login Buy Now
  - 13.3Strategic Voting and the Order of Events in Runoff Elections
    Preview Mode
    Login or Purchase this book to read the remaining sections.
    Login Buy Now
  - 13.4Conclusion
    Preview Mode
    Login or Purchase this book to read the remaining sections.
    Login Buy Now
  - 13.5Experiment
    Preview Mode
    Login or Purchase this book to read the remaining sections.
    Login Buy Now
- 14The Economics of Health Insurance and Health Care
  Preview Mode
  Login or Purchase this book to read the remaining sections.
  Login Buy Now
  - 14.1The Current State of the U.S. Health Care System
    Preview Mode
    Login or Purchase this book to read the remaining sections.
    Login Buy Now
  - 14.2Health Care Delivery and Finance Systems: An International Comparison
    Preview Mode
    Login or Purchase this book to read the remaining sections.
    Login Buy Now
  - 14.3How Health Care Finance May Affect the Affordability of Health Care
    Preview Mode
    Login or Purchase this book to read the remaining sections.
    Login Buy Now
  - 14.4Conclusion
    Preview Mode
    Login or Purchase this book to read the remaining sections.
    Login Buy Now
  - 14.5Experiment
    Preview Mode
    Login or Purchase this book to read the remaining sections.
    Login Buy Now
- 15Segregation and Discrimination
  Preview Mode
  Login or Purchase this book to read the remaining sections.
  Login Buy Now
  - 15.1The Segregation of Neighborhoods and Schelling’s Checkerboard
    Preview Mode
    Login or Purchase this book to read the remaining sections.
    Login Buy Now
  - 15.2Does Your Neighborhood Determine Your Future Well-Being?
    Preview Mode
    Login or Purchase this book to read the remaining sections.
    Login Buy Now
  - 15.3Labor Market Discrimination
    Preview Mode
    Login or Purchase this book to read the remaining sections.
    Login Buy Now
  - 15.4How Economists Detect and Measure Discrimination
    Preview Mode
    Login or Purchase this book to read the remaining sections.
    Login Buy Now
  - 15.5Anti-Discrimination Legislation
    Preview Mode
    Login or Purchase this book to read the remaining sections.
    Login Buy Now
  - 15.6Conclusion
    Preview Mode
    Login or Purchase this book to read the remaining sections.
    Login Buy Now
  - 15.7Experiment
    Preview Mode
    Login or Purchase this book to read the remaining sections.
    Login Buy Now
- 16Gross Domestic Product and the Wealth of Nations: An Introduction to the Macroeconomy
  Preview Mode
  Login or Purchase this book to read the remaining sections.
  Login Buy Now
  - 16.1Macroeconomics and How It Differs from Microeconomics
    Preview Mode
    Login or Purchase this book to read the remaining sections.
    Login Buy Now
  - 16.2Material Well-Being and Gross Domestic Product
    Preview Mode
    Login or Purchase this book to read the remaining sections.
    Login Buy Now
  - 16.3Nominal GDP and Real GDP
    Preview Mode
    Login or Purchase this book to read the remaining sections.
    Login Buy Now
  - 16.4Shortcomings of GDP
    Preview Mode
    Login or Purchase this book to read the remaining sections.
    Login Buy Now
  - 16.5Economic Growth
    Preview Mode
    Login or Purchase this book to read the remaining sections.
    Login Buy Now
  - 16.6Business Cycles and Recessions
    Preview Mode
    Login or Purchase this book to read the remaining sections.
    Login Buy Now
  - 16.7Conclusion
    Preview Mode
    Login or Purchase this book to read the remaining sections.
    Login Buy Now
  - 16.8Real-Time Data Analysis Activity
    Preview Mode
    Login or Purchase this book to read the remaining sections.
    Login Buy Now
- 17Unemployment
  Preview Mode
  Login or Purchase this book to read the remaining sections.
  Login Buy Now
  - 17.1What Is Unemployment?
    Preview Mode
    Login or Purchase this book to read the remaining sections.
    Login Buy Now
  - 17.2Shortcomings of the Measured Unemployment Rate
    Preview Mode
    Login or Purchase this book to read the remaining sections.
    Login Buy Now
  - 17.3Types of Unemployment
    Preview Mode
    Login or Purchase this book to read the remaining sections.
    Login Buy Now
  - 17.4Policy Implications of Unemployment
    Preview Mode
    Login or Purchase this book to read the remaining sections.
    Login Buy Now
  - 17.5Conclusion
    Preview Mode
    Login or Purchase this book to read the remaining sections.
    Login Buy Now
  - 17.6Real-Time Data Analysis Activity
    Preview Mode
    Login or Purchase this book to read the remaining sections.
    Login Buy Now
- 18An Introduction to Money, Banks, and the Financial System
  Preview Mode
  Login or Purchase this book to read the remaining sections.
  Login Buy Now
  - 18.1Money and Its Functions
    Preview Mode
    Login or Purchase this book to read the remaining sections.
    Login Buy Now
  - 18.2The Evolution of Money and the Origins of the Modern Banking System
    Preview Mode
    Login or Purchase this book to read the remaining sections.
    Login Buy Now
  - 18.3Commercial Banks, Central Banks, and Money Creation
    Preview Mode
    Login or Purchase this book to read the remaining sections.
    Login Buy Now
  - 18.4The Banking System and the Money Supply
    Preview Mode
    Login or Purchase this book to read the remaining sections.
    Login Buy Now
  - 18.5Financial Instruments and their Functions
    Preview Mode
    Login or Purchase this book to read the remaining sections.
    Login Buy Now
  - 18.6Conclusion
    Preview Mode
    Login or Purchase this book to read the remaining sections.
    Login Buy Now
  - 18.7Real-Time Data Analysis Activity
    Preview Mode
    Login or Purchase this book to read the remaining sections.
    Login Buy Now
- 19The Federal Reserve: Monetary Policy, Economic Activity, and Inflation
  Preview Mode
  Login or Purchase this book to read the remaining sections.
  Login Buy Now
  - 19.1The Origins of the Federal Reserve and Its Tools of Policy
    Preview Mode
    Login or Purchase this book to read the remaining sections.
    Login Buy Now
  - 19.2The Money Supply, Interest Rates, and Monetary Policy
    Preview Mode
    Login or Purchase this book to read the remaining sections.
    Login Buy Now
  - 19.3The Art and Implementation of Monetary Policy
    Preview Mode
    Login or Purchase this book to read the remaining sections.
    Login Buy Now
  - 19.4Money and Inflation
    Preview Mode
    Login or Purchase this book to read the remaining sections.
    Login Buy Now
  - 19.5Conclusion
    Preview Mode
    Login or Purchase this book to read the remaining sections.
    Login Buy Now
  - 19.6Real-Time Data Analysis Activity
    Preview Mode
    Login or Purchase this book to read the remaining sections.
    Login Buy Now
- 20The Federal Government: Taxes, Spending, and Fiscal Policy
  Preview Mode
  Login or Purchase this book to read the remaining sections.
  Login Buy Now
  - 20.1Government Revenue
    Preview Mode
    Login or Purchase this book to read the remaining sections.
    Login Buy Now
  - 20.2Government Expenditures, Deficits, and Debt
    Preview Mode
    Login or Purchase this book to read the remaining sections.
    Login Buy Now
  - 20.3The Future of the Federal Budget
    Preview Mode
    Login or Purchase this book to read the remaining sections.
    Login Buy Now
  - 20.4The Federal Government and Fiscal Stabilization Policy
    Preview Mode
    Login or Purchase this book to read the remaining sections.
    Login Buy Now
  - 20.5Conclusion
    Preview Mode
    Login or Purchase this book to read the remaining sections.
    Login Buy Now
  - 20.6Real-Time Data Analysis Activity
    Preview Mode
    Login or Purchase this book to read the remaining sections.
    Login Buy Now
- 21Income Inequality and the Redistribution of Income
  Preview Mode
  Login or Purchase this book to read the remaining sections.
  Login Buy Now
  - 21.1How Is Inequality Measured?
    Preview Mode
    Login or Purchase this book to read the remaining sections.
    Login Buy Now
  - 21.2How Unequal Is the Distribution of Income in the United States?
    Preview Mode
    Login or Purchase this book to read the remaining sections.
    Login Buy Now
  - 21.3What Are the Causes and Effects of Income Inequality?
    Preview Mode
    Login or Purchase this book to read the remaining sections.
    Login Buy Now
  - 21.4What Is the Role of Government in Promoting Equality?
    Preview Mode
    Login or Purchase this book to read the remaining sections.
    Login Buy Now
  - 21.5Conclusion
    Preview Mode
    Login or Purchase this book to read the remaining sections.
    Login Buy Now
  - 21.6Experiment
    Preview Mode
    Login or Purchase this book to read the remaining sections.
    Login Buy Now