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Textbook Details

Cover of Economic Analysis of Social Issues v2.0

By Alan Grant

Published: July 2020
Discipline: Economics Textbooks
ISBN (Digital): 978-1-4533-9896-8

Economic Analysis of Social Issues v 2.0, presents an innovative treatment of contemporary social problems using a minimum of mathematical and graphical analysis. The book’s student-friendly approach is based on simple supply and demand analysis and elementary game theory. It is applicable to a broad class of social problems such as pollution, health care, the depletion of natural resources, and inflation, and covers both microeconomic and macroeconomic topics.

Designed for use in a one-semester economic issues course for freshman and sophomore nonmajors. The text may also be appropriate for a one-semester survey of economics course or as a supplement to a standard principles of economics textbook.

Chapters 1–4 present fundamental economic concepts, such as scarcity, trade-offs, and opportunity costs. These chapters then go on to develop the analytical tools used throughout the remainder of the book.
Chapters 5–15 discuss the market mechanism and the price system. Next, they address contemporary microeconomic issues such as pollution, health care, and discrimination. These chapters emphasize the roles that property rights, transactions costs, and information play in creating social problems.
Chapters 16–21 explain the basic functioning of the macroeconomy and address critical macroeconomic issues such as monetary policy, fiscal policy, unemployment, and income inequality.

Brief Table of Contents

Chapter 1: Fundamental Concepts in Economics
Chapter 2: Cost–Benefit Analysis and the Value of a Life
Chapter 3: Supply and Demand
Chapter 4: Basic Game Theory: Exploring Strategic Interactions
Chapter 5: Free Exchange: Individual and International Trade
Chapter 6: The Market System: Functions, Structure, and Institutions
Chapter 7: The Nature of Pollution Problems
Chapter 8: Government Policies to Regulate Pollution
Chapter 9: Resource Depletion and Sustainability
Chapter 10: Public Goods and the Role of Government
Chapter 11: Public Goods: Tackling Large Projects and Eminent Domain
Chapter 12: The Volunteer’s Dilemma: A Collective Inaction Problem
Chapter 13: Voting: You Can’t Always Get What You Want
Chapter 14: The Economics of Health Insurance and Health Care
Chapter 15: Segregation and Discrimination
Chapter 16: Gross Domestic Product and the Wealth of Nations: An Introduction to the Macroeconomy
Chapter 17: Unemployment
Chapter 18: An Introduction to Money, Banks, and the Financial System
Chapter 19: The Federal Reserve: Monetary Policy, Economic Activity, and Inflation
Chapter 20: The Federal Government: Taxes, Spending, and Fiscal Policy
Chapter 21: Income Inequality and the Redistribution of Income

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