Description
Hubbard & O'Brien motivate the study of economics through real business
examples.
The #1 question students of economics ask themselves is: "Why am I here, and
will I ever use this"? Hubbard & O'Brien answer this question by
demonstrating that real businesses use economics to make real decisions daily.
This is motivating to all students, whether they are business majors or not. All
students can relate to businesses they encounter in their everyday
lives. Whether they open an art studio, do social work, trade on Wall
Street, work for the government, or bartend at the local pub, students will benefit from
understanding the economic forces behind their work.
Table of Contents
(Sampler Chapters in Italics and Bold)
Part 1: Introduction
Ch 1: Introduction to Economics
Appendix 1-A: Using Graphs and Formulas
Ch 2: Tradeoffs, the Market System, and Comparative Advantage
Ch 3: Where Prices Come From: The Interaction of Demand and Supply
Ch 4: Economic Efficiency, Government Price Setting, and Taxes
Appendix 4-A: Calculating Consumer Surplus and Producer Surplus
Part 2: Markets in Action
Ch 5: Externalities, Environmental Policy, and Public Goods
Ch 6: Elasticity: The Responsiveness of Demand and Supply
Part 3: Business Firms in the Domestic and International Economies
Ch 7: Business Firms, Corporate Governance, and the Stock Market
Appendix 7-A: Tools to Analyze Firms' Financial Information
Ch 8: Comparative Advantage and the Gains from International Trade
Appendix 8-A: Multinational Firms
Part 4: Microeconomic Foundations: Consumers and Firms
Ch 9: Consumer Behavior
Appendix 9-A: Using Indifference Curves and Budget Lines to Understand Consumer
Behavior
Ch 10: Technology, Production, and Cost
Appendix 10-A: Using Isoquants and Isocosts to Understand Production and Cost
Part 5: Market Structure and Firm Strategy
Ch 11: Firms in Perfectly Competitive Markets
Ch 12: Monopolistic Competition: The
Competitive Model in a More Realistic
Setting
Ch 13: Oligopoly: Firms in Less Competitive Markets
Ch 14: Monopoly and Antitrust Policy
Ch 15: Pricing Strategy
Part 6: Markets for Factors of Production
Ch 16: The Markets for Labor and Other Factors of Production
Part 7: Information, Taxes, and the Distribution of Income
Ch 17: The Economics of Information
Ch 18: The Tax System and the Distribution of Income
Part 8: Macroeconomic Foundations and Long-Run Growth
Ch 19: Microeconomic Issues for Business
Part 9: Macroeconomic Foundations and Long-Run Growth
Ch 20: GDP: Measuring Total Production and Income
Ch 21: Unemployment and Inflation
Ch 22: Business Cycles and Growth
Ch 23: Long-Run Growth: Sources and Policies
Part 10: Short-Run Fluctuations
Ch 24: Output and Expenditure in the Short Run
Appendix 24-A: The Algebra of Macroeconomic Equilibrium
Ch 25: Aggregate Demand and Aggregate Supply Analysis
Part 11: Monetary and Fiscal Policy
Ch 26: Money, Banks, and the Federal Reserve System
Ch 27: Stabilizing the Economy with Monetary Policy
Appendix 27-A: The Phillips Curve
Ch 28: Stabilizing the Economy with Fiscal Policy
Ch 29: Key Issues in Monetary Policy
Part 12: The International Economy
Ch 30: Macroeconomics in an Open Economy
Ch 31: The International Financial System
Part 13: Ideas to Watch
Ch 32: Macroeconomic Issues for Business
150 pages Paperback