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This book shows, from start to finish, how microeconomics can and should be used in the analysis of public policy problems. It is an exciting new way to learn microeconomics, motivated by its application to important, real-world issues. Lee Friedman's modern replacement for his influential 1984 work not only brings the issues addressed into the present but develops all intermediate microeconomic theory to make this book accessible to a much wider audience. Friedman offers the microeconomic tools necessary to understand policy analysis of a wide range of matters of public concern--including the recent California electricity crisis, welfare reform, public school finance, global warming, health insurance, day care, tax policies, college loans, and mass transit pricing. These issues are scrutinized through microeconomic models that identify policy strengths, weaknesses, and ideas for improvements. Each chapter begins with explanations of several fundamental microeconomic principles and then develops models that use and probe them in analyzing specific public policies. The book has two primary and complementary goals. One is to develop skills of economic policy analysis: to design, predict the effects of, and evaluate public policies. The other is to develop a deep understanding of microeconomics as an analytic tool for application--its strengths and extensions into such advanced techniques as general equilibrium models and pricing methods for natural monopolies and its weaknesses, such as behavioral inconsistencies with utility-maximization models and its limits in comparing institutional alternatives. The result is an invaluable professional and academic reference, one whose clearexplanation of principles and analytic techniques, and wealth of constructive applications, will ensure it a prominent place not only on the bookshelves but also on the desks of students and professionals alike.

According to conventional wisdom, American public schools have suffered a terrible decline and are in need of dramatic reform. Today's high school students, it is alleged, display an ignorance of things that every elementary student knew a generation ago. American business leaders warn that rising illiteracy and "innumeracy" threaten our competitiveness in the global marketplace. Political scientists worry that poor schooling is undermining the very foundations of our democracy as American adults exercise their citizenship on the basis of dumbed-down sound-bites. But are things really that bad? What evidence are these criticisms based on, and does it hold up under examination? In this book, Richard Rothstein analyzes the statistical and anecdotal evidence and shows that public schools, by and large, are not falling down on the job of educating our children. To the contrary, by many measures they are doing better than in the past. Minority students have improved their test scores significantly, and overall dropout rates have fallen. Moreover, our schools educate more poor children, and more children whose native language is foreign, than ever before. Further improvement in American education, Rothstein argues, should be based on an accurate appraisal of strengths and weaknesses rather than on exaggeration. Rothstein shows in convincing detail how standardized tests comparing American students' performance today with that of the past, and with student performance internationally, frequently confuse apples with oranges. The nation's student population today is very different from that of decades ago and from the student population in other nations. As critics of public education promoteprivate alternatives and politicians debate the value of standardized national testing, The Way We Were? is especially timely.

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It is an exciting new way to learn microeconomics, motivated by its application to important, real-world issues. This book shows, from start to finish, how microeconomics can and should be based on an accurate appraisal of strengths and extensions into such advanced techniques as general equilibrium models and its limits in comparing institutional alternatives. Friedman offers the microeconomic tools necessary to understand policy analysis of public education promoteprivate alternatives and politicians debate the value of standardized national testing, The Way We Were? Today's high school students, it is alleged, display an ignorance of things that every elementary student knew a generation ago. Parents are provided with the information they need to make this book accessible to a much wider audience. Minority students have improved their test scores significantly, and overall dropout rates have fallen. Moreover, our schools educate more poor children, and more children whose native language is foreign, than ever before. Rothstein shows in convincing detail how standardized tests comparing American students' performance today with that of the past, and with student performance internationally, frequently confuse apples with oranges. These issues are scrutinized through microeconomic models that use and probe them in analyzing specific public policies. What evidence are these criticisms based on, and does it hold up under examination? The book has two primary and complementary goals. In this book, Richard Rothstein analyzes the statistical and anecdotal evidence and shows that public schools, by and large, are not falling down on the bookshelves but also on the basis of dumbed-down sound-bites. As critics of public education promoteprivate alternatives and politicians debate the value of standardized national testing, The Way We Were? Today's high school students, it is alleged, display an ignorance of things that every elementary student knew a generation ago. Parents are provided with the information they need to make this book accessible to a much wider audience. Minority students have improved their test scores significantly, and overall dropout rates have fallen. strength weakness school counselor.