Description
Test Bank for Economics 6th Edition Glenn Hubbard
Test Bank for Economics 6th Edition Glenn Hubbard
The relevance of economics shown through real-world business examples
The authors of Essentials of Economics help foster interest in the discipline concepts, and make the key principles of this topic relevant to readers’ lives by demonstrating how real businesses use economics to make decisions every day. With ever-changing US and world economies, the 6th Edition has been updated with the latest developments using new real-world business and policy examples. Regardless of their future career path — opening an art studio, trading on Wall Street, or bartending at the local pub, readers will benefit from understanding the economic forces behind their work.
Part 1: Introduction
1. Economics: Foundations and Models
Appendix: Using Graphs and Formulas
2: Trade-offs, Comparative Advantage, and the Market System
3. Where Prices Come From: The Interaction of Demand and Supply
4. Economic Efficiency, Government Price Setting, and Taxes
Appendix: Quantitative Demand and Supply Analysis
Part 2: Markets in Action: Policy and Applications
5. Externalities, Environmental Policy, and Public Goods
6. Elasticity: The Responsiveness of Demand and Supply
7. The Economics of Health Care
Part 3: Firms in the Domestic and International Economies
8. Firms, the Stock Market, and Corporate Governance
Appendix: Tools to Analyze Firms’ Financial Information
9. Comparative Advantage and the Gains from International Trade
Part 4: Microeconomic Foundations: Consumers and Firms
10. Consumer Choice and Behavioral Economics
Appendix: Using Indifference Curves and Budget Lines to Understand Consumer Behavior
11: Technology, Production, and Costs
Appendix: Using Isoquants and Isocost Lines to Understand Production and Cost
Part 5: Market Structure and Firm Strategy
12. Firms in Perfectly Competitive Markets
13. Monopolistic Competition: The Competitive Model in a More Realistic Setting
14. Oligopoly: Firms in Less Competitive Markets
15. Monopoly and Antitrust Policy
16. Pricing Strategy
Part 6: Labor Markets, Public Choice, and the Distribution of Income
17. The Markets for Labor and Other Factors of Production
18. Public Choice, Taxes, and the Distribution of Income
Part 7: Macroeconomic Foundations and Long-Run Growth
19. GDP: Measuring Total Production and Income
20. Unemployment and Inflation
21. Economic Growth, the Financial System, and Business Cycles
22. Long-Run Economic Growth: Sources and Policies
Part 8: Short-Run Fluctuations
23. Aggregate Expenditure and Output in the Short Run
Appendix: The Algebra of Macroeconomic Equilibrium
24. Aggregate Demand and Aggregate Supply Analysis
Appendix: Macroeconomic Schools of Thought
Part 9: Monetary and Fiscal Policy
25: Money, Banks, and the Federal Reserve System
26: Monetary Policy
27: Fiscal Policy
Appendix: A Closer Look at the Multiplier
28: Inflation, Unemployment, and Federal Reserve Policy
Part 10: The International Economy
29: Macroeconomics in an Open Economy
30: The International Financial System
Appendix: The Gold Standard and the Bretton Woods System
Test Bank for Economics 6th Edition Glenn Hubbard
