• Chapter 24 The Economics of CrimeChapter 24 The Economics of Crime

    Chapter Outline WHO COMMITS CRIME AND WHY THE RATIONAL CRIMINAL MODEL THE COSTS OF CRIME OPTIMAL SPENDING ON CRIME CONTROL

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  • Chapter 23 The Economics of Prescription DrugsChapter 23 The Economics of Prescription Drugs

    Chapter Outline PROFITEERS OR BENEVOLENT SCIENTISTS MONOPOLY POWER AS IT APPLIES TO DRUGS IMPORTANT QUESTIONS

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  • Chapter 22 MedicareChapter 22 Medicare

    Chapter Outline PUBLIC INSURANCE AND THE ELDERLY MEDICARE’S NUTS AND BOLTS COST CONTROL PROVISIONS MEDICARE TRUST FUND

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  • Chapter 21 MedicaidChapter 21 Medicaid

    Medicaid covers health care for the poor was established in 1964 was in full force in 1967 part of President Johnson’s Great Society Programs paired with Medicare (which covers health care for those over 65) is a state-administered program with federal matching funds.

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  • Chapter 20 Health CareChapter 20 Health Care

    Chapter Outline WHERE THE MONEY GOES AND WHERE IT COMES FROM INSURANCE IN THE U.S. ECONOMIC MODELS OF HEALTH CARE COMPARING THE U.S. WITH THE REST OF THE WORLD

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  • Chapter 19 The EnvironmentChapter 19 The Environment

    Chapter Outline HOW CLEAN IS CLEAN ENOUGH? THE EXTERNALITIES APPROACH THE PROPERTY RIGHTS APPROACH ENVIRONMENTAL PROBLEMS AND THEIR ECONOMIC SOLUTIONS

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  • Chapter 18 Tobacco and AlcoholChapter 18 Tobacco and Alcohol

    Why Regulation is Warranted To provide information or to correct for the inability of consumers to make good decisions Examples: restrictions on advertising of tobacco, warning labels, age restrictions To deal with externalities (effects of a transaction that hurts or helps people who are not a part of that transaction) Examples: drunk driving...

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  • Chapter 17: Drugs and ProstitutionChapter 17: Drugs and Prostitution

    Chapter Outline AN ECONOMIC MODEL OF MARKET FOR DRUGS AND PROSTITUTION ARGUMENTS FOR MAKING A GOOD ILLEGAL DECRIMINALIZING DRUGS AND PROSTITUTION

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  • Chapter 16: NAFTA, GATT, WTO: Are Trade Agreements Good For Us?Chapter 16: NAFTA, GATT, WTO: Are Trade Agreements Good For Us?

    Chapter Outline THE BENEFITS OF FREE TRADE WHY DO WE NEED TRADE AGREEMENTS TRADE AGREEMENTS AND INSTITUTIONS ECONOMIC AND POLITICAL IMPACTS OF TRADE THE BOTTOM LINE

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  • Chapter 15: The International Monetary FundChapter 15: The International Monetary Fund

    The IMF's Role The International Monetary Fund (IMF) is a location to which member nations can go for expert economic advice. designed to foster trade among its member. the lender for member nations in short-term economic difficulty. not a lender for development purposes. (This is the function of the World Bank.)

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