Essentials of Economics, Global Edition

Glenn Hubbard is Dean Emeritus 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 Fixed-Income Funds, KKR Financial Corporation and MetLife. From 2001 to 2003 he served as chair of the White House Council of Economic Advisers and chair of the OECD Economy Policy Committee, and from 1991 to 1993 he was deputy assistant secretary of the US Treasury Department. He currently serves as co-chair of the non-partisan Committee on Capital Markets Regulation. Glenn's fields of specialisation are public economics, financial markets and institutions, corporate finance, macroeconomics, industrial organisation and public policy. He is the author of more than 100 articles in leading journals. Anthony Patrick (Tony) O'Brien is a Professor of Economics at Lehigh University. He has taught principles of economics for more than 20 years and has 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. Tony has been a visiting professor at the University of California, Santa Barbara, and the Graduate School of Industrial Administration at Carnegie Mellon University. His research has dealt with such issues as the evolution of the US car industry, sources of US economic competitiveness, the development of US trade policy, the causes of the Great Depression and the causes of black–white income differences. His research has been published in leading journals.

• I. Introduction 1. Economics: Foundations and Models2. Trade-offs, Comparative Advantage, and the Market System3. Where Prices Come From: The Interaction of Demand and SupplyII. Markets in Action 4. Market Efficiency and Market Failure5. The Economics of HealthcareIII. Microeconomic Foundations: Consumers and Firms 6. Firms, the Stock Market, and Corporate Governance7. Consumer Choice and Elasticity8. Technology, Production, and CostsIV. Market Structure and Firm Strategy 9. Firms in Perfectly Competitive Markets10. Monopoly and Antitrust11. Monopolistic Competition and OligopolyV. Market Structure and Firm Strategy 12. GDP: Measuring Total Production and Income13. Unemployment and InflationVI. Long-Run and Short-Run Fluctuations 14. Economic Growth, the Financial System and Business Cycles15. Aggregate Demand and Aggregate Supply AnalysisVII. Monetary and Fiscal Policy 16. Money, Banks, and the Federal Reserve System17. Monetary Policy18. Fiscal Policy19. Comparative Advantage, International Trade, and Exchange Rates

Select Guide Rating