Last edition Elsevier The Relevance of Economics Through Real-world Business Examples One of the challenges of teaching Principles of Economics is fostering interest in concepts that may not seem applicable to students’ lives. Economics makes economics relevant by demonstrating how real businesses use economics to make decisions every day. And with an ever-changing U.S. and world economy, the Sixth Edition, Global 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 economic forces behind their work.
Last Edition
ISBN 13: 9781292159928
Imprint: Pearson
Language: English
Authors: R. Glenn Hubbard
Pub Date: 07/2016
Pages: 1168
Illus: Illustrated
Weight: 2,220.000 grams
Size: h 216 X 274 mm
Product Type: Softcover
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- • 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.
- Michael Parkin Professor Emeritus M.A. University of Leicester, 1970
- 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
- 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 Appendix: Tools to Analyze Firms’ Financial Information 9. Comparative Advantage and the Gains from International Trade
- Part 4: Microeconomic Foundations: Consumers and Firms
- 10. Consumer Choice and Behavioral Economics Appendix: Using Indifference Curves and Budget Lines to Understand Consumer Behavior 11: Technology, Production, and Costs Appendix: Using Isoquants and Isocost Lines to Understand Production and Cost
- 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 Appendix: The Algebra of Macroeconomic Equilibrium 24. Aggregate Demand and Aggregate Supply Analysis Appendix: Macroeconomic Schools of Thought
- Part 9: Monetary and Fiscal Policy
- 25: Money, Banks, and the Federal Reserve System 26: Monetary Policy 27: Fiscal Policy Appendix: A Closer Look at the Multiplier 28: Inflation, Unemployment, and Federal Reserve Policy
- Part 10: The International Economy
- 29: Macroeconomics in an Open Economy 30: The International Financial System
- Appendix: The Gold Standard and the Bretton Woods System
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