Macroeconomics, Updated Edition / Edition 2

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Overview

The updated edition  offers insights into the exciting economic topics that are in the news and affecting all of us today–like the election, the housing market, the impact of the current oil situation, current challenges to airlines, debates over trade policy, and consequences of the “amazing shrinking dollar.” In-depth coverage of economics with particular focus on Economic Efficiency, Government Price Setting, and Taxes, Aggregate Demand and Aggregate Supply Analysis.The updated edition also offers insights into the exciting economic topics that are in the news and affecting all of us today–like the election, the housing market, the impact of the current oil situation, current challenges to airlines, debates over trade policy, and consequences of the “amazing shrinking dollar.” MARKET: For anyone in business who wants to benefit from understanding the economic forces behind their work.

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Product Details

  • ISBN-13: 9780136092087
  • Publisher: Prentice Hall
  • Publication date: 12/29/2008
  • Series: MyEconLab Series
  • Edition description: Updated
  • Edition number: 2
  • Pages: 720
  • Product dimensions: 8.40 (w) x 10.70 (h) x 1.10 (d)

Meet the Author

Glenn Hubbard policymaker, professor, and researcher.

R.Glenn Hubbard is the Dean and Russell L. Carson Professor of Finance and Economics in the Graduate School of Business at Columbia University and Professor of Economics in Columbia’s Faculty of Arts and Sciences. He is also a research associate of the National Bureau of Economic Research and a director of Automatic Data Processing, Black Rock Closed-End Funds, Dex Media, Duke Realty, KKR Financial Corporation, and Ripplewood Holdings. He received his Ph.D. in economics from Harvard University in 1983. From 2001–2003, he served as Chairman of the White House Council of Economic Advisers, and from 1991–1993, he was Deputy Assistant Secretary of the U.S. Treasury Department. Glenn Hubbard’s fields of specialization are public economics, financial markets and institutions, corporate finance, macroeconomics, industrial organization, and public policy. He is the author of more than 90 articles in leading journals, including the American Economic Review, Journal of Finance, Journal of Financial Economics, Journal of Political Economy, Journal of Public Economics, Quarterly Journal of Economics, RAND Journal of Economics, and Review of Economics and Statistics. His research has been supported by grants from the National Science Foundation, the National Bureau of Economic Research, and numerous private foundations.

 

Tony O’Brien award-winning professor and researcher.

Anthony Patrick O’Brien is a professor of economics at Lehigh University. He received his Ph.D. from the University of California, Berkeley, in 1987. He has taught principlesof economics for more than 15 years, in both large sections and small honors classes. He received the Lehigh University Award for Distinguished Teaching. He was formerly the director of the Diamond Center for Economic Education and was named a Dana Foundation Faculty Fellow and Lehigh Class of 1961 Professor of Economics. He has been a visiting professor at the University of California, Santa Barbara, and the Graduate School of Industrial Administration at Carnegie Mellon University. Anthony O’Brien’s research has dealt with such issues as the evolution of the U.S. automobile industry, the sources of U.S. economic competitiveness, the development of U.S. trade policy, the causes of the Great Depression, and the causes of black–white income differences. His research has been published in leading journals, including the American Economic Review, the Quarterly Journal of Economics, the Journal of Money, Credit, and Banking, Industrial Relations, and the Journal of Economic History. His research has been supported by grants from government agencies and private foundations. In addition to teaching and writing, Anthony O’Brien also serves on the editorial board of the Journal of Socio-economics.

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Table of Contents

Part 1:  Introduction  
Ch. 1: Economics:  Foundations and Models
Appendix:  Using Graphs and Formulas
Ch. 2: Tradeoffs, Comparative Advantage, and the Market System 
Ch. 3: Where Prices Come From: The Interaction of Demand & Supply
Ch. 4: Economic Efficiency, Government Price Setting, and Taxes
Appendix: Quantitative Demand and Supply Analysis
Part 2: Firms in the Domestic & International Economies
Ch. 5: Firms, the Stock Market, and Corporate Governance
Appendix:  Tools to Analyze Firms' Financial Information 
Ch. 6: Comparative Advantage and the Gains from International Trade
Appendix:  Multinational Firms
Part 3:  Macroeconomic Foundations and Long-Run Growth
Ch. 7: GDP: Measuring Total Production and Income
Ch. 8 : Unemployment & Inflation 
Ch. 9: Economic Growth, the Financial System, and Business Cycles 
Ch. 10: Long-Run Growth: Sources & Policies
Part 4:  Short-Run Fluctuations
Ch. 11: Output & Expenditure in the Short Run
Appendix:  The Algebra of Macroeconomic 
Equilibrium  
Ch. 12: AD/AS Analysis 
Appendix:  Schools of Macro Thought
Part 5:  Monetary and Fiscal Policy
Ch. 13: Money, Banks, and the Federal Reserve System
Ch. 14: Monetary Policy 
Ch. 15: Fiscal Policy
Ch. 16: Inflation, Unemployment & Federal Reserve Policy
Part 6:  The International Economy
Ch. 17: Macroeconomics in an Open Economy
Ch. 18: The International Financial System
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