Economics 3rd Edition Hubbard Test Bank

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Product Details:

• ISBN-10 ‏ : ‎ 0136022294
• ISBN-13 ‏ : ‎ 978-0136022299
• Author:   R. Glenn Hubbard (Author), Anthony Patrick O’Brien (Author)

Many students of first year economics ask themselves “why am I here?” and “will I ever use this?”. Essentials of Economics answers these questions by demonstrating that real businesses use economics to make real decisions every day.

The authors believe that students can learn to apply economics principles successfully if they learn them in a familiar context. By using a wealth of relevant global and local businesses examples and case studies, Essentials of Economics makes the subject relevant and meaningful.

Table of Content:

PART 1 INTRODUCTION
CHAPTER 1 Economics: foundations and models
CHAPTER 1 APPENDIX Using graphs and formulae
CHAPTER 2 Choices and trade-offs in the market

PART 2 HOW THE MARKET WORKS
CHAPTER 3 Where prices come from: the interaction of demand and supply
CHAPTER 4 Elasticity: the responsiveness of demand and supply
CHAPTER 5 Economic efficiency, government price setting and taxes

PART 3 FIRMS AND MARKET STRUCTURES
CHAPTER 6 technology, production and costs
CHAPTER 7 Firms in perfectly competitive markets
CHAPTER 8 Monopoly markets
CHAPTER 8 APPENDIX Price discrimination
CHAPTER 9 monopolistic competition and oligopoly

PART 4 MARKETS FOR FACTORS OF PRODUCTION
CHAPTER 10 the markets for labour and other factors of production
CHAPTER 10 APPENDIX Tools to analyse the decision to purchase capital

PART 5 THE ROLE OF GOVERNMENT
CHAPTER 11 Government intervention in the market

PART 6 MACROECONOMIC FOUNDATIONS
CHAPTER 12 GDP: measuring total production, income and economic growth
CHAPTER 13 Unemployment and inflation
CHAPTER 14 Aggregate demand and aggregate supply analysis
CHAPTER 14 APPENDIX The aggregate expenditure model

PART 7 MONETARY AND FISCAL POLICY
CHAPTER 15 Money, banks and the reserve bank of australia
CHAPTER 16 Monetary policy
CHAPTER 17 Fiscal policy
CHAPTER 17 APPENDIX 1 is there a short-run trade-off between unemployment and inflation?
CHAPTER 17 APPENDIX 2 a closer look at the multiplier

PART 8 THE INTERNATIONAL ECONOMY
CHAPTER 18 International trade
CHAPTER 19 Macroeconomics in an open economy

Glossary
Index

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