Macroeconomics, 7th edition

  • Glenn Hubbard
  • Anthony Patrick O'Brien

Overview

The authors of Macroeconomics, Hubbard and O’Brien help foster interest in the discipline’s concepts, and make the key principles of this topic relevant to students’ lives by demonstrating how real businesses use macroeconomics to make decisions every day. With ever-changing US and world economies, the 7th 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 — students will benefit from understanding the macroeconomic forces behind their work.

Features and benefits

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Table of contents

PART I: 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

4. Economic Efficiency, Government Price Setting, and Taxes

Appendix: Quantitative Demand and Supply Analysis

5. The Economics of Health Care


PART II: FIRMS IN THE DOMESTIC AND INTERNATIONAL ECONOMIES

6. Firms, the Stock Market, and Corporate Governance

Appendix: Tools to Analyze Firms’ Financial Information

7. Comparative Advantage and the Gains from International Trade

 

PART III: MACROECONOMIC FOUNDATIONS AND LONG-RUN GROWTH

8. GDP: Measuring Total Production and Income

9. Unemployment and Inflation

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

11. Long-Run Economic Growth: Sources and Policies

 

PART IV: SHORT-RUN FLUCTUATIONS

12. Aggregate Expenditure and Output in the Short Run

Appendix: The Algebra of Macroeconomic Equilibrium

13. Aggregate Demand and Aggregate Supply Analysis

Appendix: Macroeconomic Schools of Thought

 

PART V: MONETARY AND FISCAL POLICY

14. Money, Banks, and the Federal Reserve System

15.Monetary Policy

16.Fiscal Policy

Appendix: A Closer Look at the Multiplier

17. Inflation, Unemployment, and Federal Reserve Policy

 

PART VI: THE INTERNATIONAL ECONOMY

18. Macroeconomics in an Open Economy

19. The International Financial System

Appendix: The Gold Standard and the Bretton Woods System

 

 

Published by Pearson (February 28th 2018) - Copyright © 2019