Issues in Economics is structured around major policy issues and is divided into three parts: "Introduction to Issues in Economics," "Microeconomic Issues," and "Macroeconomic Issues." The first three chapters are basic introductions to the subject matter of economics with emphasis on theory, institutions, and policy. Theory and institutions becomes the framework for policy analysis.
James B. Herendeen is Professor Emeritus at the Pennsylvania State University and Senior Lecturer, University of Texas-El Paso (Retired). His previous publications include Modern Political Economy: Issues and Ideas; The Economics of the Corporate Economy; Money and the Financial System (with Ray Lombra and Ray Torto). He has published numerous articles in the Quarterly Review of Economics, the Journal of Consumer Affairs, the Southern Economic Journal, Challenge, the Magazine of Economic Affairs and Farm Economics.
Part 1 Part I. Introduction to Issues in Economics Chapter 2 Introduction Chapter 3 The Role of Markets: Production, Consumption, Distribution, Specialization and Exchange Chapter 4 The Economic Role of Governement Part 5 Part II. Microeconomic Issues Chapter 6 Households and Markets Chapter 7 Theory of Costs and Theory of the Firm Chapter 8 Classification of Market Structure and The Degree of Competition Chapter 9 Why Has Income Distribution Become Less Equal Over the Last 30 Years? Chapter 10 Regulation and Deregulation Chapter 11 Why are Farmers Doing so Poorly Despite All the Money Spent on Farm Programs? Chapter 12 Education: What's Wrong With Our School Systems? Chapter 13 Environmental Economics: Does Saving the Environment Require Slower Economic Growth? Chapter 14 Economics of Health Care System: Can the System be Reformed? Chapter 15 International Trade and Exchange Chapter 16 The Recent Corporate Scandals: To Who Are Corporate Executives Accountable? Part 17 Part III: Macroeconomic Issues Chapter 18 Measuring Economic Activity Chapter 19 Aggregate Supply and Demand Chapter 20 Business Cycles Chapter 21 The Federal Reserve and the Money Supply Process Chapter 22 Macroeconomic Policy: Stabilization, Growth and Inflation Chapter 23 The US and the Rest of the World: Goods Markets, Financial Markets and Money Markets Chapter 24 The Role of Financial Markets Chapter 25 Banking and Financial Services: Are Fewer and Bigger Banks Better? Chapter 26 Social Security: Is the System Going Broke? Chapter 27 Growth, Development and Globalization