Learn economics through real business examples. 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 pathopening an art studio, doing social work, trading on Wall Street, working for the government, or bartending at the local pubreaders will benefit from understanding the economic forces behind their work.
Table of Contents
Part 1: Introduction 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