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Modern Economic Issues [repost]

Posted By: FenixN

Date: 2 Feb 2012 14:19:05

How do the major economic issues that dominate today's news—questions about gross domestic product or budget deficits or trade imbalances—impact the average citizen? Why are health insurance and college tuition increasingly expensive? What can be done about soaring energy prices? In Modern Economic Issues, Professor Robert Whaples has crafted a course designed to answer just these sorts of questions—a primer in 21st-century economics for the non-economist. He first presents the results of a survey of professional economists around the country on what they consider today's most urgent economic issues—the ones all of us most need to understand. Professor Whaples then puts his award-winning teaching skills to work to shape an accessible course, explaining not only those urgent issues but also the raw data economists use to describe their shape and impact.

The result is a course that finally makes the connection between the economics you may have studied in school and the economics of the lives we experience every day.For example, how do you make the decisions—big and small—that make up your daily life What factors come into play when you're deciding whether to buy this car or that one, or even commute by bus? Mow the lawn or take a nap? Grill a burger with a bubbling slice of cheese or eat a simple salad? Most economists will tell you that you make decisions on this personal level by acting as what they would call a "rational maximizer," comparing, whether explicitly or implicitly, what you expect to gain from your decision against what you expect to give up. You weigh comfort and convenience against the rising cost of gasoline. The need to maintain your home's "curb appeal" against your need for sleep in a much-too-busy life. Your raw craving for that burger against the realities of an expanding waistline.

Course Lecture Titles:

00. Professor Bio
01. What Economists Know about Economic Policy
02. Economy Up or Down? How to Tell
03. Economists' View of the Future
04. Productivity and Productivity Growth
05. Inflation—Why the Measure Matters
06. Unemployment—A Global Perspective
07. Economic Inequality
08. The Fallacy of Trade Barriers
09. Trade Imbalances and Saving
10. Budget Deficits—Past, Present, and Future
11. Taxes and the Income Tax Code
12. Rx for Social Security
13. Economic Answers for an Aging Population
14. Financing World-class Health Care
15. Supply, Demand, and the Future of Oil
16. Pollution—Tax or Trade?
17. Global Climate Change—Costs and Benefits
18. Minimum Wage and the Poverty Rate
19. It Pays to Be Married
20. Pay Gaps by Sex and Race
21. Economic Impact of Immigration
22. Labor Unions in Contemporary Economics
23. Productivity Trends in Schools
24. Higher Education—Supply and Demand
25. Wal-Mart and Productivity Growth
26. Corporate Governance in a Strong Economy
27. Zero-Sum Game of Conspicuous Consumption
28. Economic Upside of Postal Reforms
29. Is Everything a Commodity?
30. Economics of the Baseball Industry
31. Examining Economic Response to Terrorism
32. Helping Poor Countries
33. Upsides and Downsides of Urban Sprawl
34. Economic Costs and Benefits of Gambling
35. Economists’ View of Overeating
36. American Economy in the 21st Century

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