Macroeconomics, Global Edition, 5th edition

Published by Pearson (December 23, 2014) © 2015

  • Glenn Hubbard Columbia University
  • Anthony Patrick O'Brien
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Access details

  • Register via our MyLab page to complete your purchase
  • A Course ID link or VLE link from your instructor is required
  • Instant access once purchased (eText included)

Features

  • Interactive digital learning experience
  • Includes eText, Apps and study tools
  • Instant feedback on assignments
  • Help when and where you need it
Products list

Access details

  • Register via our MyLab page to complete your purchase
  • A Course ID link or VLE link from your instructor is required
  • Instant access once purchased (eText included)

Features

  • Interactive digital learning experience
  • Includes eText, Apps and study tools
  • Instant feedback on assignments
  • Help when and where you need it

Title overview

For Principles of Macroeconomics courses at two- and four-year colleges and universities

Reveal the relevance of economics through real-world business examples

One of the challenges of teaching Principles of Macroeconomics is fostering interest in concepts that may not seem applicable to students’ lives. Macroeconomics, Fifth Edition makes economics relevant by demonstrating how real businesses use economics to make decisions every day. Regardless of their future career path—opening an art studio, trading on Wall Street, or bartending at the local pub—students will benefit from understanding the economic forces behind their work.

Table of contents

I. Introduction

  1. 1. Economics: Foundations and Models
  2. 2. Trade-offs, Comparative Advantage, and the Market System
  3. 3. Where Prices Come From: The Interaction of Demand and Supply
  4. 4. Economic Efficiency, Government Price Setting, and Taxes
  5. 5. The Economics of Health Care

II. Firms in the Domestic and International Economies

  1. 6. Firms, the Stock Market, and Corporate Governance
  2. 7. Comparative Advantage and the Gains from International Trade

III. Macroeconomic Foundations and Long-Run Growth

  1. 8. GDP: Measuring Total Production and Income
  2. 9. Unemployment and Inflation
  3. 10. Economic Growth, the Financial System, and Business Cycles
  4. 11. Long-Run Economic Growth: Sources and Policies

IV. Short-Run Fluctuations

  1. 12. Aggregate Expenditure and Output in the Short Run
  2. 13. Aggregate Demand and Aggregate Supply Analysis

V. Monetary and Fiscal Policy

  1. 14. Money, Banks, and the Federal Reserve System
  2. 15. Monetary Policy
  3. 16. Fiscal Policy
  4. 17. Inflation, Unemployment, and Federal Reserve Policy

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