Essentials Of Economics

Paperback | April 1, 2016

byR. Glenn Hubbard, Anthony Patrick O'brien

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For one-semester courses in Principles of Economics.

 

The Relevance of Economics Through Real-world Business Examples

Economics makes economics relevant by demonstrating how real businesses use economics to make decisions every day. And with an ever changing U.S. and world economy, the Fifth Edition has been updated with the latest developments using new real-world business and policy examples. Regardless of their future career path—opening an art studio, trading on Wall Street, or bartending at the local pub--readers will benefit from understanding the economic forces behind their work.

 

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For one-semester courses in Principles of Economics.   The Relevance of Economics Through Real-world Business Examples Economics makes economics relevant by demonstrating how real businesses use economics to make decisions every day. And with an ever changing U.S. and world economy, the Fifth Edition has been updated with the late...

Glenn Hubbard, policymaker, professor, and researcher. R. Glenn Hubbard is the dean and Russell L. Carson Professor of Finance and Economics in the Graduate School of Business at Columbia University and professor of economics in Columbia’s Faculty of Arts and Sciences. He is also a research associate of the National Bureau of Economi...

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Format:PaperbackDimensions:768 pages, 10.7 × 8.4 × 1.1 inPublished:April 1, 2016Publisher:Pearson EducationLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:013410692X

ISBN - 13:9780134106922

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Table of Contents

Part 1: Introduction

1. Economics: Foundations and Models

    Appendix: Using Graphs and Formulas  

2. Trade-offs, Comparative Advantage, and the Market System

3. Where Prices Come From: The Interaction of Demand and Supply

 

Part 2: Markets in Action: Policy and Applications

4. Market Efficiency and Market Failure

5. The Economics of Health Care

 

Part 3: Microeconomic Foundations: Consumers and Firms

6. Firms, the Stock Market, and Corporate Governance  

7. Consumer Choice and Elasticity

8. Technology, Production, and Costs  

 

Part 4: Market Structure and Firm Strategy

9. Firms in Perfectly Competitive Markets

10. Monopoly and Antitrust Policy

11. Monopolistic Competition and Oligopoly

 

Part 5: Macroeconomic Foundations

12. GDP: Measuring Total Production and Income

13. Unemployment and Inflation

 

Part 6: Long-Run Economic Growth and Short-Run Economic Fluctuations

14. Economic Growth, the Financial System, and Business Cycles

15. Aggregate Demand and Aggregate Supply Analysis  

     Appendix: Macroeconomic Schools of Thought

 

Part 7: Monetary and Fiscal Policy

16. Money, Banks, and the Federal Reserve System

17. Monetary Policy

18. Fiscal Policy

19. Comparative Advantage, International Trade, and Exchange Rates