Essentials of Economics, 7th edition

  • Glenn Hubbard, 
  • Anthony Patrick O'Brien

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Economics can often be a challenging topic of study. Many of the principles and concepts you'll read about, including opportunity cost, trade-offs, scarcity, and demand and supply, may not seem applicable to your daily life. Essentials of Economics makes these concepts relevant and interesting by demonstrating how real businesses apply them to make decisions every day.

With ever-changing US and world economies, the digitally updated 7th Edition includes fully revised content, figures, examples and features. It incorporates the effects of the recent global pandemic on households, firms and economic policy. No matter your career path, whether it's opening an art studio, trading on Wall Street or bartending at the local pub, you'll benefit from grasping the economic forces behind your work.

Published by Pearson (September 29th 2020) - Copyright © 2021

ISBN-13: 9780136713937

Subject: Economics

Category: Principles of Economics



  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


  1. Market Efficiency and Market Failure
  2. The Economics of Health Care


  1. Firms, the Stock Market, and Corporate Governance
  2. Consumer Choice and Elasticity
  3. Technology, Production, and Costs


  1. Firms in Perfectly Competitive Markets
  2. Monopoly and Antitrust Policy
  3. Monopolistic Competition and Oligopoly


  1. GDP: Measuring Total Production and Income
  2. Unemployment and Inflation


  1. Economic Growth, the Financial System, and Business Cycles
  2. Aggregate Demand and Aggregate Supply Analysis
    • Appendix: Macroeconomic Schools of Thought


  1. Money, Banks, and the Federal Reserve System
  2. Monetary Policy
  3. Fiscal Policy
  4. Comparative Advantage, International Trade, and Exchange Rates

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