Economics, 6/e (GE-Paperback)
R. Glenn Hubbard , Anthony Patrick O'Brien
●Real-world business chapter-opening cases have been updated with new companies or the latest information. They set a context for learning while also sparking students' interest and providing a unifying theme for the chapter by showing how the economic concepts presented impact a real business.
●38 Making the Connection features help students tie economic concepts to current events and policy issues by revealing how the information they are learning has been used in actual situations.
●UPDATED! Figures and tables have been added and/or updated to present information in an easy-to-read format.
●UPDATED! End-of-chapter problems have been either replaced or updated and some include graphs for students to analyze.
●UPDATED! Real-Time Data Exercises. Easy to assign and automatically graded, Real-Time Data Analysis exercises use up-to-the-minute, real-time Macroeconomic data. These exercises communicate directly with the Federal Reserve Bank of St. Louis’s FRED site, so every time FRED posts new data, students see new data. As a result, Real-Time Data Analysis exercises offer a no-fuss solution for instructors who want to make the most recent data a central part of their macro course.
●A Personal Dimension: Economics in Your Life feature in each chapter opener helps students relate to the material. Students are prompted to think about questions posed in this feature as they work through the chapter. At the end of the chapter, the authors provide answers to these questions.
●An Inside Look feature at the end of chapters 1-4 helps students apply economic thinking to current events and policy debates, and have all been updated for the sixth edition. These features consist of newspaper articles that illustrate how key principles have been used by the company featured in the chapter-opening case to make a business decision. The authors provide an analysis of the article, corresponding graph(s), and Thinking Critically exercises. Additional articles and analysis are updated weekly on MyEconLab.
Part 1: Introduction
1. Economics: Foundations and Models
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
Part 2: Markets in Action: Policy and Applications
5. Externalities, Environmental Policy, and Public Goods
6. Elasticity: The Responsiveness of Demand and Supply
7. The Economics of Health Care
Part 3: Firms in the Domestic and International Economies
8. Firms, the Stock Market, and Corporate Governance
9. Comparative Advantage and the Gains from International Trade
Part 4: Microeconomic Foundations: Consumers and Firms
10. Consumer Choice and Behavioral Economics
11: Technology, Production, and Costs
Part 5: Market Structure and Firm Strategy
12. Firms in Perfectly Competitive Markets
13. Monopolistic Competition: The Competitive Model in a More Realistic Setting
14. Oligopoly: Firms in Less Competitive Markets
15. Monopoly and Antitrust Policy
16. Pricing Strategy
Part 6: Labor Markets, Public Choice, and the Distribution of Income
17. The Markets for Labor and Other Factors of Production
18. Public Choice, Taxes, and the Distribution of Income
Part 7: Macroeconomic Foundations and Long-Run Growth
19. GDP: Measuring Total Production and Income
20. Unemployment and Inflation
21. Economic Growth, the Financial System, and Business Cycles
22. Long-Run Economic Growth: Sources and Policies
Part 8: Short-Run Fluctuations
23. Aggregate Expenditure and Output in the Short Run
24. Aggregate Demand and Aggregate Supply Analysis
Part 9: Monetary and Fiscal Policy
25: Money, Banks, and the Federal Reserve System
26: Monetary Policy
27: Fiscal Policy
28: Inflation, Unemployment, and Federal Reserve Policy
Part 10: The International Economy
29: Macroeconomics in an Open Economy
30: The International Financial System