For the two-semester Principles of Economics courses at 4-year & 2-year colleges and universities. Still Keeping it Real and More Accessible Than Ever! Hubbard & O'Brien keeps it real in the third edition with updated examples, data, and end-of-chapter problems, providing the most up-to-date discussion on the recession/financial crisis and the monetary and fiscal policy response. Hubbard & O'Brien is the only book that motivates students to learn 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.
Part 1 Introduction
Part 2 Markets in Action
Part 3 Firms in the Domestic and International Economies
Part 4 Microeconomic Foundations: Consumers and Firms
Part 5 Market Structure and Firm Strategy
Part 6 Markets for Factors of Production
Part 7 Information, Taxes, and the Distribution of Income
Part 8 Macroeconomic Foundations and Long-Run Growth
Part 9 Short-Run Fluctuations
Part10 Monetary and Fiscal Policy
Part11 The International Economy