Macroeconomics, 8th edition

  • Glenn Hubbard
  • Anthony Patrick O'Brien

Overview

Macroeconomics makes economic concepts relevant by demonstrating how real businesses apply them to make decisions every day. With ever-changing US and world economies, the 8th Edition has been updated with the latest developments using new real-world business and policy examples. Regardless of your future career path — opening an art studio, trading on Wall Street, or bartending at the local pub — you will benefit from understanding the economic forces behind your work.

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
4. Economic Efficiency, Government Price Setting, and Taxes
    Appendix: Quantitative Demand and Supply Analysis
5. The Economics of Health Care

PART 2: FIRMS IN THE DOMESTIC AND INTERNATIONAL ECONOMIES
6. Firms, the Stock Market, and Corporate Governance
    Appendix: Present Value
    Online Appendix: Tools to Analyze Firms’ Financial Information
7. Comparative Advantage and the Gains from International Trade

PART 3: 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 4: 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 5: 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 6: THE INTERNATIONAL ECONOMY
18. Macroeconomics in an Open Economy
      Online Appendix: The Gold Standard and the Bretton Woods System

Published by Pearson (April 30th 2020) - Copyright © 2021