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Modern Economic Issues Robert Whaples

  • SKU: BELL-44593176
Modern Economic Issues Robert Whaples
$ 31.00 $ 45.00 (-31%)

5.0

98 reviews

Modern Economic Issues Robert Whaples instant download after payment.

Publisher: The Teaching Company
File Extension: PDF
File size: 3.47 MB
Pages: 221
Author: Robert Whaples
Language: English
Year: 2007

Product desciption

Modern Economic Issues Robert Whaples by Robert Whaples instant download after payment.

The course begins by explaining the“economic”approach to public policy making.If individual decision makers—buyers and sellers in households and businesses pursue their own self-interests, the forces of competition will often bring the market to the efficient level of output, as if guided by an “invisible hand.” Economists argue that markets should be left alone in such cases. Markets will fail in this goal under a range of circumstances, however, including cases where competition is weak, there are spillover effects, and economic agents are myopic; and market outcomes are often regarded as unfair by observers. In such cases, government has the capacity to improve on markets through taxes, subsidies, and regulations. We must acknowledge, however, that just because government intervenes in a market does not necessarily mean it will improve things; both the market and the government must be examined with a critical eye.Professor Robert Whaples is Professor of Economics and Chair of the Department of Economics at Wake Forest University.Professor Whaples was an undergraduate at the University of Maryland, College Park, where he earned a double B.A. in Economics and History in 1983. He received a Ph.D. in Economics from the University of Pennsylvania in 1990. After teaching in the Department of History at the University of Wisconsin–Milwaukee for three years, he moved to the Department of Economics at Wake Forest University in 1991.

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