Macroeconomics
by Glenn Hubbard, Anthony Patrick O'Brien
9th Edition
Publisher: Pearson
Book Details
| Print ISBN | 9780138102494 |
| eText ISBN | 9780138102623 |
| Publisher | Pearson |
| Publishing Year | 2025 |
| Edition | 9th Edition |
| Language | English |
Macroeconomics, 9th Edition, is a textbook designed to introduce fundamental economic principles and the workings of the broader macroeconomy. The text incorporates real-world business and policy examples to illustrate recent developments across the United States and global economies.
Core areas of study encompass long-run economic growth, short-run fluctuations in output, and the operations of monetary and fiscal policy. The text also addresses international economic connections and open economy financial systems.
The volume is structured to provide practical value across diverse career paths, supporting readers who pursue roles such as artists, bankers, engineers, or social workers as they learn to evaluate and apply economic principles.
Table of Contents
Chapter 1: Economics: Foundations and Models
- • Appendix: Using Graphs and Formulas
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
- • Appendix: Quantitative Demand and Supply Analysis
Chapter 5: The Economics of Health Care
Chapter 6: Firms, the Stock Market, and Corporate Governance
- • Appendix: Present Value
- • Online Appendix: Tools to Analyze Firms’ Financial Information
Chapter 7: Comparative Advantage and the Gains from International Trade
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
Chapter 12: Aggregate Expenditure and Output in the Short Run
- • Appendix: The Algebra of Macroeconomic Equilibrium
Chapter 13: Aggregate Demand and Aggregate Supply Analysis
- • Appendix: Macroeconomic Schools of Thought
Chapter 14: Banks, Money, and the Federal Reserve System
Chapter 15: Monetary Policy
- • Appendix: The Money Market and the Fed
Chapter 16: Fiscal Policy
- • Appendix: A Closer Look at the Multiplier
Chapter 17: Inflation, Unemployment, and Federal Reserve Policy
Chapter 18: Macroeconomics in an Open Economy and the International Financial System
- • Online Appendix: The Gold Standard and the Bretton Woods System
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