• Summary
  • Contents
  • Subject index

Interest in economics is at an all-time high. Among the challenges facing the nation is an economy with rapidly rising unemployment, failures of major businesses and industries, and continued dependence on oil with its wildly fluctuating price. Economists have dealt with such questions for generations, but they have taken on new meaning and significance.Tackling these questions and encompassing analysis of traditional economic theory and topics as well as those that economists have only more recently addressed, 21st Century Economics: A Reference Handbook is a must-have reference resource.Key FeaturesProvides highly readable summaries of theory and models in key areas of micro and macroeconomics, helpful for students trying to get a "big picture" sense of the fieldIncludes introductions to relevant theory as well as empirical evidence, useful for readers interested in learning about economic analysis of an issue as well for students embarking on research projectsFeatures chapters focused on cutting-edge topics with appeal for economists seeking to learn about extensions of analysis into new areas as well as new approaches Presents models in graphical format and summarizes empirical evidence in ways that do not require much background in statistics or econometrics, so as to maximize accessibility to students.

Economics of Health Insurance
Economics of health insurance

Despite the fact that the United States spends more money per capita than any other nation, not everyone is insured. Perhaps even more surprising, when one adds the various government indirect subsidizations of health care through the tax code to the direct expenditures on Medicare, Medicaid, and other programs, the total dollars spent per capita by the government on health care is also higher than any other industrialized nation, in which all achieve universal coverage (Woolhandler & Himmelstein, 2002).

Because financing of health care in the United States is achieved through a mix of public and private insurance, the system is complex. Health insurance markets are riddled with market failures, which have important implications for who is covered and ...

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