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Economic Issues for Consumers

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ISBN-10: 0534628524

ISBN-13: 9780534628529

Edition: 10th 2004 (Revised)

Authors: Roger LeRoy Miller, Alan D. Stafford

List price: $188.95
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This text employs an "issues approach" to consumer economics. Each chapter has one or two consumer issues that are highlighted through engaging, real world examples. These real world examples are highly applied aspects of everyday consumer situations.
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Book details

List price: $188.95
Edition: 10th
Copyright year: 2004
Publisher: Wadsworth
Publication date: 10/22/2003
Binding: Hardcover
Pages: 544
Size: 8.50" wide x 10.75" long x 1.00" tall
Weight: 2.882
Language: English

Alan D. Stafford is a Professor Emeritus of Economics and Director of Planning for Niagara County Community College. He earned an MBA and MEd in Social Studies Education from the State University of New York at Buffalo. Professor Stafford taught secondary social studies for fourteen years before joining the faculty of NCCC in 1981. He is the author or co-author of a variety of economics and consumer economics texts and received the New York State Chancellor's Award for Excellence in Teaching in 1998.

The Consumer in Today's World
An Economic Foundation for Consumer Decisions
Scarcity
The Necessity of Choice
Demand and Supply Analysis--A Brief Introduction
Consumer Sovereignty in a Market Economy
The Real World of Imperfect Competition
Americans in an Electronic Market
New Technology--New Responsibilities
Consumer Economics in an Electronic Economy
Confronting Consumer Issues: Being an Ethical Consumer
Chapter Summary
Key Terms
Questions for Thought & Discussion
Things to Do
Internet Resources
Selected Readings
Making Rational Consumer Choices
Decisions, Decisions
Rational Consumer Decision Making
Values and Rational Decision Making
The Decision-Making Process
Pitfalls in Rational Consumer Decision Making
Time Management and Rational Decision Making
Confronting Consumer Issues: How to Buy Technology-Based Products
Chapter Summary
Key Terms
Questions for Thought & Discussion
Things to Do
Internet Resources
Selected Readings
A Flood of Advertising
Costs and Benefits of Advertising
Brand-Name Advertising
Other Types of Advertising
The Ugly Side of Advertising
Advertising and Your Privacy
Your Telemarketing Rights
Privately Prepared Information
Confronting Consumer Issues: Rational Internet Shopping
Chapter Summary
Key Terms
Questions for Thought & Discussion
Things to Do
Internet Resources
Selected Readings
The Many Faces of Fraud
Consumer Products Fraud
Steps to Take to Protect Yourself
Internet Fraud
Confronting Consumer Issues: The Dangers of Identity Theft
Chapter Summary
Key Terms
Questions for Thought & Discussion
Things to Do
Internet Resources
Selected Readings
Protection for the Consumer
Sources of Consumer Protection
Consumer Responsibilities
Enforcement of Federal Consumer Protection Laws
State and Local Governments and Consumer Protection
Using Small Claims Courts
Sources of Private-Sector Consumer Protection
Private Industry's Self-Regulation
Warranties and Consumer Protection
Confronting Consumer Issues: Finding Help for Consumer Problems
Chapter Summary
Key Terms
Questions For Thought & Discussion
Things to Do
Internet Resources
Selected Readings
Budgeting
The Consumer as a Wage Earner
Investment in Human Capital
Occupational Wage Differentials
The Problem of Inflation
Confronting Consumer Issues: Choosing the Right Career
Chapter Summary
Key Terms
Questions for Thought & Discussion
Things to Do
Internet Resources
Selected Readings
Creating a Living Budget
Consumers Need a Spending Plan
Budget Making, Goals, and Values Clarification
How Does the Typical Household Allocate Its Income?
Creating a Budget Plan
Reviewing Your Budget
Fitting It All into a Life-Span Plan
Budget-Assistance Programs
Confronting Consumer Issues: Budgeting for Recreation and Leisure
Chapter Summary
Key Terms
Questions for Thought & Discussion
Things to Do
Internet Resources
Selected Readings
Paying for the Government
The Whys and Hows of Taxation
Personal Federal Income Tax
Confronting Consumer Issues: Preparing Your Income Tax Return
Chapter Summary
Key Terms
Questions for Thought & Discussion
Things to Do
Internet Resources
Selected Readings
Making Consumption Expenditures
Choosing a Healthful Diet
Choosing the Food We Eat
Government Labeling and Inspection Requirements
Food Labels and the Consumer
Nutrition
Food Additives
Health, Natural, and Organic Foods
The Growing Trend toward Convenience Food
Getting the Most for Your Food-Shopping Dollar
Confronting Consumer Issues: Good Health and Weight Control
Chapter Summary
Key Terms
Questions for Thought & Discussion
Things to Do
Internet Resources
Selected Readings
Purchasing Household Products
Clothing, Happiness, and Budget Considerations
Indications of Quality
The Powerful Fashion Industry
Choosing Durable Goods
Consumer Durables as an Investment
Evaluating the Purchase of a Consumer Durable
Servicing Your Consumer Durables
The Special Case of Buying Furniture
Confronting Consumer Issues: Saving Money by Saving Energy
Chapter Summary
Key Terms
Questions for Thought & Discussion
Things to Do
Internet Resources
Selected Readings
Satisfying Transportation Needs
We Depend on Cars in Many Ways
The Trend toward Safer Automobiles
The Social Costs of Driving
The Private Costs of Driving
Deciding When to Buy
Deciding What You Want
Getting the Best Deal on a New Car
Leasing versus Buying
Should You Choose a Used Car?
Final Guidelines for Consumers
Financing That Purchase
Know Your Lemon Laws
Confronting Consumer Issues: Reputable Repairs for Your Car
Chapter Summary
Key Terms
Questions for Thought & Discussion
Things to Do
Internet Resources
Selected Readings
Choosing a Place to Live
Why Are We Willing to Pay So Much?
Renting versus Buying
If You Decide to Buy
Making the Offer
Title Examination and Insurance
Different Types of Homes
Paying for Your Home
Different Kinds of Mortgages
Creative Financing
Mortgage Repayment Terms
Closing Costs
Confronting Consumer Issues: Renting a Home
Chapter Summary
Key Terms
Questions for Thought & Discussion
Things to Do
Internet Resources
Selected Readings
Financial Management
Banks Help Consumers Save and Spend
Why Save at All?
Where Should You Stash Your Cash?
How Banks Help Consumers Save
Saving by Buying Government Securities
How Banks Help Consumers Spend
How to Avoid Checking Problems
How to Settle a Complaint with a Bank
Confronting Consumer Issues: How to Use Electronic Banking
Chapter Summary
Key Terms
Questions for Thought & Discussion
Things to Do
Internet Resources
Selected Readings
Using Credit Responsibly
Sources of Credit
Why Borrow?
Saving versus Credit Buying
What It Costs to Borrow
Consumer Credit Legislation
Equal Credit Opportunity
Fair Credit Billing Act
Fair Credit Reporting Act
Fair Debt Collection Practices Act
Subprime Lending
Predatory Lending
Going into Personal Bankruptcy
Confronting Consumer Issues: Making Credit Decisions
Chapter Summary
Key Terms
Questions for Thought & Discussion
Things to Do
Internet Resources
Selected Readings
Investing for Your Future
Some Facts about the Stock Market
Making Money in the Stock Market
Mutual Funds
Is There No Way to Get Rich Quick?
Watch for Those Sure-Fire Schemes
Pensions and Retirement Funds
Confronting Consumer Issues: Making Personal Investment Plans
Chapter Summary
Key Terms
Questions for Thought & Discussion
Things to Do
Internet Resources
Selected Readings
Risk Management
The Health-Care Dilemma
The Foundation of Insurance--Risk Pooling
Our Need for Medical Insurance
The Government Steps In
The Insurance Framework
The Supply of Medical Care
Drug Regulation and Its Costs
High-Tech Medicine
The Malpractice System
Who Can Afford the Medical Bill?
Health-Care Dilemma--or Crisis?
Tackling Waste and Inefficiency
Universal Health-Insurance Coverage
Confronting Consumer Issues: Purchasing Medical Care
Chapter Summary
Key Terms
Questions for Thought & Discussion
Things to Do
Internet Resources
Selected Readings
Insuring Your Home and Your Automobile
Insuring Your Home
Automobile Insurance
Confronting Consumer Issues: Choosing a Lawyer
Chapter Summary
Key Terms
Questions for Thought & Discussion
Things to Do
Internet Resources
Selected Readings
Life Insurance and Social Security
Life Insurance and Our Need for Security
The Basic Types of Life Insurance
Some Specialized Insurance Policies
Reading a Life-Insurance Contract
Choosing a Sound Life-Insurance Company
Involuntary Benefit Programs--The Case of Social Security
Confronting Consumer Issues: How to Meet Your Insurance Needs
Chapter Summary
Key Terms
Questions for Thought & Discussion
Things to Do
Internet Resources
Selected Readings
Lessons You Have Learned
Looking to the Future
What the Future Holds
The Future of Technology
Globalization of the World Economy
The Technological Assault on Privacy
Ethical Choices and the Cost of Medical Technology
Protecting the Environment Is Everyone's Responsibility
Confronting Consumer Issues: Living a Green Life
Chapter Summary
Key Terms
Questions for Thought & Discussion
Things to Do
Internet Resources
Selected Readings
Glossary
Index