Economics of Social Issues - Paul Grimes,Charles Register,Ansel Sharp

About the book

Sharp, Register, and Grimes' Economics of Social Issues originated the social issues approach to teaching basic economic principles. This edition reflects the important societal trends and public debates current at the time. Currency and relevance are the motivations behind the major changes that previous users will quickly find in this edition. Each chapter presents economic concepts then places them within the context of very current issues facing society. Economics of Social Issues has garnered a loyal user following for its timely and impartial handling of current social issues that dominate the news. As the major social issues facing our society change, so does this textbook. While the issues are contemporary and the supporting information updated, the authors remain objective.

Key features

New Chapter 13 ¿Money, Banking, and the Financial System: Old Problems with New Twists¿: Chapter 13 is a new chapter on money, banking and the financial system. This new chapter provides an introduction to financial markets allowing for an examination of the financial crisis and its accompanying recession. This modification will provide instructors with all the tools necessary to explain and discuss these major economic events.

Revised and updated Chapter 12 ¿Unemployment and Inflation: Can We Find a Balance?¿: This new edition combines the topics of unemployment and inflation into one chapter. This reorganization will allow instructors the flexibility to use the recent macroeconomic problems as an opportunity to teach important lessons.

Updated economic issues: Chapter 2 includes updates on China¿s economic and social progress with special emphasis on its ongoing fight with pollution; Chapter 5 includes a discussion of the sociological statement implicitly being made when goods and/or services are made illegal; and Chapter 6 includes a revised summary of the latest available information on the effectiveness of voucher and charter school programs.

Updated data: All data found in the 19th edition has been thoroughly revised and updated with the latest available economic statistics. Additionally, the authors updated review questions and the recommended readings list to reflect new or modified content. The end-of-chapter list of websites points readers to original data sources for the latest figures released after publication.

Provides a starting point for general economics: This edition continues to provide a starting point for general economics and encourages using economic concepts to analyze appropriate issues. An economic issue is discussed impartially and without bias, concepts and principles are developed for the student, and then they are applied to the issue. The text helps students understand economic issues to enhance the rest of their adult lives as citizens, voters, and participants in the economy.

A logical flow of economic concepts: The issues throughout the text are arranged so that the basic economic concepts are logically developed and an understanding of these concepts is reinforced through repeated use and application. The sequence of chapters also allows for flexibility in course coverage without loss of continuity.

Strong pedagogy: Chapter opener pages with a chapter outline and a checklist of important economic concepts provide clear organization, excerpts illustrating pertinent economic issues introduce chapter discussion, and marginal definitions and notations clarify terms and provide insight into discussions for students. Easy-to-understand figures and tables illustrate points of discussion. End-of-chapter summaries, discussion questions, list of additional readings, and Internet resources reinforce learning of new material. The easy-to-use Glossary of Terms facilitates assimilation of new vocabulary.