Hubbard/O'Brien explains the basics of economics by demonstrating how real businesses use economics to make real decisions everyday. This is something all readers can connect to, as they encounter businesses in their daily lives. And regardless of future career path–opening an art studio, doing social work, trading on Wall Street, working for the government, or bartending at the local pub–readers will benefit from understanding the economic forces behind their work.
Table of Contents
Chapter 1: Economics: Foundations and Models
Chapter 2: Trade-offs, Comparative Advantage, and the Market System
Chapter 3: Where Prices Come From: The Interaction of Demand and Supply
Chapter 4: Economic Efficiency, Government Price Setting, and Taxes
Chapter 5: The Economics of Health Care
Part 2: Firms in the Domestic and Internation Economies
Chapter 6: Firms, the Stock Market, and Corporate Governance
Chapter 7: Comparative Advantage and the Gains from International Trade
Part 3: Macroeconomic Foundations and Long-Run Growth
Chapter 8: GDP: Measuring Total Production and Income
Chapter 9: Unemployment and Inflation
Chapter 10: Economic Growth, the Financial System, and Business Cycles
Chapter 11: Long-Run Economic Growth: Sources and Policies
Part 4: Short-Run Fluctuations
Chapter 12: Aggregate Expenditure and Output in the Short Run
Chapter 13: Aggregate Demand and Aggregate Supply Analysis
Part 5: Monetary and Fiscal Policy
Chapter 14: Money, Banks, and the Federal Reserve System
Chapter 15: Monetary Policy
Chapter 16: Fiscal Policy
Chapter 17: Inflation, Unemployment, and Federal Reserve Policy
Part 6: The International Economy
Chapter 18: Macroeconomics in an Open Economy
Chapter 19: The International Financial System
Format: Alternate Binding
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