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Economics By R. Glenn Hubbard


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This guide motivates students to learn economics through real business examples. Whether students open an art studio, do social work, trade on Wall Street, work for the government, or bartend at the local pub, students will benefit from understanding the economic forces behind their work.
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Economics Summary

Economics: United States Edition by R. Glenn Hubbard

Hubbard & O'Brien is the only book that motivates students to learn economics through real business examples.

The #1 question students of economics ask themselves is: "Why am I here, and will I ever use this"? Hubbard & O'Brien answer this question by demonstrating that real businesses use economics to make real decisions daily. This is motivating to all students, whether they are business majors or not. All students can relate to businesses they encounter in their everyday lives. Whether they open an art studio, do social work, trade on Wall Street, work for the government, or bartend at the local pub, students will benefit from understanding the economic forces behind their work.

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About R. Glenn Hubbard

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 Economic Research and a director of Automatic Data Processing, Black Rock Closed-End Funds, Dex Media, Duke Realty, KKR Financial Corporation, and Ripplewood Holdings. He received his Ph.D. in economics from Harvard University in 1983. From 2001-2003, he served as Chairman of the White House Council of Economic Advisers, and from 1991-1993, he was Deputy Assistant Secretary of the U.S. Treasury Department. Glenn Hubbard's fields of specialization are public economics, financial markets and institutions, corporate finance, macroeconomics, industrial organization, and public policy. He is the author of more than 90 articles in leading journals, including the American Economic Review, Journal of Finance, Journal of Financial Economics, Journal of Political Economy, Journal of Public Economics, Quarterly Journal of Economics, RAND Journal of Economics, and Review of Economics and Statistics. His research has been supported by grants from the National Science Foundation, the National Bureau of Economic Research, and numerous private foundations.

Tony O'Brien award-winning professor and researcher.

Anthony Patrick O'Brien is a professor of economics at Lehigh University. He received his Ph.D. from the University of California, Berkeley, in 1987. He has taught principles of economics for more than 15 years, in both large sections and small honors classes. He received the Lehigh University Award for Distinguished Teaching. He was formerly the director of the Diamond Center for Economic Education and was named a Dana Foundation Faculty Fellow and Lehigh Class of 1961 Professor of Economics. He has been a visiting professor at the University of California, Santa Barbara, and the Graduate School of Industrial Administration at Carnegie Mellon University. Anthony O'Brien's research has dealt with such issues as the evolution of the U.S. automobile industry, the sources of U.S. economic competitiveness, the development of U.S. trade policy, the causes of the Great Depression, and the causes of black-white income differences. His research has been published in leading journals, including the American Economic Review, the Quarterly Journal of Economics, the Journal of Money, Credit, and Banking, Industrial Relations, and the Journal of Economic History. His research has been supported by grants from government agencies and private foundations. In addition to teaching and writing, Anthony O'Brien also serves on the editorial board of the Journal of Socio-economics.

Table of Contents

Part 1: Introduction

Chapter 1: Economics: Foundations and Models

Appendix: Using Graphs and Formulas

Chapter 2: Tradeoffs, Comparative Advantage, and the Market System

Chapter 3: Where Prices Come From: The Interaction of Demand & Supply

Chapter 4: Economic Efficiency, Government Price Setting, and Taxes

Appendix: Calculating Consumer Surplus and Producer Surplus

Part 2: Markets in Action

Chapter 5:Externalities, Environmental Policy, and Public Goods

Chapter 6: Elasticity: The Responsiveness of Demand and Supply

Part 3: Firms in the Domestic & International Economies

Chapter 7: Firms, the Stock Market, and Corporate Governance

Appendix: Tools to Analyze Firms' Financial Information

Chapter 8: Comparative Advantage and the Gains from International Trade

Appendix: Multinational Firms

Part 4: Microeconomic Foundations: Consumers and Firms

Chapter 9: Consumer Choice & Behavioral Economics

Appendix: Indifference Curves

Chapter 10: Production, Technology, and Costs

Appendix: Isoquants and Isocosts

Part 5: Market Structure and Firm Strategy

Chapter 11: Firms in Perfectly Competitive Markets

Chapter 12: Monopolistic Competition: The Competitive Model in a More Realistic Setting

Chapter 13: Oligopoly: Firms in Less Competitive Markets

Chapter 14: Monopoly and Antitrust Policy

Chapter 15: Pricing Strategy

Part 6: Markets for Factors of Production

Chapter 16: The Markets for Labor and Other Factors of Production

Part 7: Information, Taxes, and the Distribution of Income

Chapter 17: The Economics of Information

Chapter 18: Public Choice, Taxes, and the Distribution of Income

Part 8: Macroeconomic Foundations and Long-Run Growth

Chapter 19: GDP: Measuring Total Production and Income

Chapter 20: Unemployment & Inflation

Chapter 21: Business Cycles, the Financial System, and Economic Growth

Chapter 22: Long-Run Growth: Sources & Policies

Part 9: Short-Run Fluctuations

Chapter 23: Output & Expenditure in the Short Run

Appendix: The Algebra of Macroeconomic Equilibrium

Chapter 24: AD/AS Analysis

Appendix: Schools of Macro Thought

Part 10: Monetary and Fiscal Policy

Chapter 25: Money, Banks, and the Federal Reserve System

Chapter 26: Monetary Policy

Chapter 27: Fiscal Policy

Chapter 28: Inflation, Unemployment, & Federal Reserve Policy

Part 11: The International Economy

Chapter 29: Macroeconomics in an Open Economy

Chapter 30: The International Financial System

Additional information

Economics: United States Edition by R. Glenn Hubbard
R. Glenn Hubbard
Used - Very Good
Pearson Education (US)
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