Macroeconomics

by Hubbard, R. Glenn; O'Brien, Anthony Patrick; Rafferty, Matthew P

• ISBN13: 9780136089889
• ISBN10: 0136089887
• Edition: 1st
• Format: Hardcover
• Copyright: 2011-07-15
• Publisher: Prentice Hall

Summary

Make the link between theory and real-world easier for students with the most up-to-date Intermediate Macroeconomics text on the market Today!   Hubbard, O'Brien, and Raffertyrealize that most students enrolled in today's intermediate macroeconomics courses are either undergraduate or masters students who are likely to become entrepreneurs, managers, bankers, stock brokers, accountants, lawyers, or government officials.  Very few students will pursue a Ph.D. in economics.  Given this student profile, Hubbard, O'Brien, and Rafferty'snew text presents  Intermediate Macroeconomicsin the context of contemporary events, policy, and business with an integrated explanation of today's financial crisis.  Student and instructor feedback tells us that Hubbard, O'Brien, and Rafferty helps make the link between theory and real-world easier for students!   Available with the award-winning MyEconLaband grouped by Learning Objectives! MyEconLab is a powerful assessment and tutorial system that works hand-in-hand with Intermediate Macroeconomics.  MyEconLab includes comprehensive homework, quiz, test, and tutorial options, where instructors can manage all assessment needs in one program! 

Author Biography

Glenn Hubbard, Professor, Researcher, and Policymaker

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, KKR Financial Corporation, and MetLife. He received

his Ph.D. in economics from Harvard University in 1983. From 2001 to 2003, he served as chairman of the White House Council of Economic Advisers and chairman of the OECD Economy Policy Committee, and from 1991 to 1993, he was deputy assistant secretary of the U.S. Treasury Department. He currently serves as co-chair of the nonpartisan Committee on Capital Markets Regulation and the Corporate Boards Study Group.

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 100 articles in leading journals, including American Economic Review, Brookings Papers on Economic Activity, Journal of Finance, Journal of Financial Economics, Journal ofMoney, Credit, and Banking, 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 a Ph.D. from the University of California, Berkeley, in 1987. He has taught principles of 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. O’Brien’s research has dealt with such issues as the evolution of the U.S. automobile industry, 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 American Economic Review, Quarterly Journal of Economics, Journal ofMoney, Credit, and Banking, Industrial Relations, Journal of Economic History, Explorations in Economic History, and the Journal of Policy History. His research has been supported by grants from government agencies and private foundations. In addition to teaching and writing, O’Brien also serves on the editorial board of the Journal of Socio-Economics.

 

Matt Rafferty, Professor and Researcher

Matt Rafferty is a professor of economics at Quinnipiac University.  He received a Ph.D. from University of California, Davis in 1992.  He has taught Macroeconomics; Economic Growth; Money and Banking; Econometrics, and Corporate Finance.  Rafferty's research interests include Macroeconomics, Corporate Governance, Executive Compensation, and R&D Activity.  His research has been published in leading journals, including Journal of Corporate Finance, Research Policy,  Journal of Economics and Finance, Pennsylvania Economic Review , Economics of Innovation and New Technology , Southern Economic Journal, Applied Economics, International Advances in Economic Research, and Eastern Economic Journal.

Table of Contents

Macroeconomics

R. Glenn Hubbard, Columbia University

Tony O'Brien, Lehigh University

Matt Rafferty, Quinnipiac University

 

Table of Contents

 

Part I:  Introduction

Chapter 1:  The Long and Short of Macroeconomics

Chapter 2:  Measuring Total Production and Income

Chapter3:  The Financial System

 

Part II: Macroeconomics in the Long Run:  Economic Growth

Chapter 4:  Aggregate Production and Potential GDP

Chapter 5:  Long-Run Economic Growth

Chapter 6:  Money and Inflation

Chapter 7:  The Labor Market

 

Part III:  Macroeconomics in the Short Run:  Theory and Policy

Chapter 8:  Business Cycles

Chapter 9:  IS-MP:  A Short-Run Macroeconomic Model

Chapter 9 Appendix:  IS-LM:  An Alternative Short-Run Macroeconomic Model

Chapter 10:  Monetary Policy

Chapter 11:  Fiscal Policy

Chapter 12:  Aggregate Demand, Aggregate Supply, and Monetary Policy

 

Part IV:  Extensions

Chapter 13:  Long-Run Implications of Fiscal Policy

Chapter 14:  Consumption and Investment

Chapter 15:  Balance of Payments, Exchange Rates, and Macroeconomic Policy