Macroeconomics / / R. Glenn Hubbard, Anthony Patrick O'Brien

• Autore: Hubbard R. Glenn
• Pubblicazione: Boston : , : Pearson, , [2015]; ©2015
• Edizione: Global edition, Fifth edition.
• Descrizione fisica: 1 online resource (744 pages) : color illustrations, photographs, tables
• Disciplina: 339
• Soggetto topico: Macroeconomics
• Persona (resp. second.): O'BrienAnthony Patrick
• Note generali: Includes indexes.
• Nota di contenuto: Cover -- Title -- Copyright -- Detailed Contents -- Preface -- A Word of Thanks -- Part 1: Introduction -- Chapter 1: Economics: Foundations and Models -- Is the Private Doctor's Office Going to Disappear? -- 1.1 Three Key Economic Ideas -- People Are Rational -- People Respond to Economic Incentives -- Making the Connection: Does Health Insurance Give People an Incentive to Become Obese? -- Optimal Decisions Are Made at the Margin -- Solved Problem 1.1: A Doctor Makes a Decision at the Margin -- 1.2 The Economic Problem That Every Society Must Solve -- What Goods and Services Will Be Produced? -- How Will the Goods and Services Be Produced? -- Who Will Receive the Goods and Services Produced? -- Centrally Planned Economies versus Market Economies -- The Modern "Mixed" Economy -- Efficiency and Equity -- 1.3 Economic Models -- The Role of Assumptions in Economic Models -- Forming and Testing Hypotheses in Economic Models -- Positive and Normative Analysis -- Economics as a Social Science -- Don't Let This Happen to You: Don't Confuse Positive Analysis with Normative Analysis -- Making the Connection: Should Medical School Be Free? -- 1.4 Microeconomics and Macroeconomics -- 1.5 A Preview of Important Economic Terms -- Conclusion -- An Inside Look: Look Into Your Smartphone and Say "Ahh" -- *Chapter Summary and Problems -- Appendix: Using Graphs and Formulas -- Graphs of One Variable -- Graphs of Two Variables -- Slopes of Lines -- Taking into Account More Than Two Variables on a Graph -- Positive and Negative Relationships -- Determining Cause and Effect -- Are Graphs of Economic Relationships Always Straight Lines? -- Slopes of Nonlinear Curves -- Formulas -- Formula for a Percentage Change -- Formulas for the Areas of a Rectangle and a Triangle -- Summary of Using Formulas -- Chapter 2: Trade-offs, Comparative Advantage, and the Market System. ; Managers at Tesla Motors Face Trade-Offs -- 2.1 Production Possibilities Frontiers and Opportunity Costs -- Graphing the Production Possibilities Frontier -- Solved Problem 2.1: Drawing a Production Possibilities Frontier for Tesla Motors -- Increasing Marginal Opportunity Costs -- Economic Growth -- 2.2 Comparative Advantage and Trade -- Specialization and Gains from Trade -- Absolute Advantage versus Comparative Advantage -- Comparative Advantage and the Gains from Trade -- Don't Let This Happen to You: Don't Confuse Absolute Advantage and Comparative Advantage -- Solved Problem 2.2: Comparative Advantage and the Gains from Trade -- Making the Connection: Comparative Advantage, Opportunity Cost, and Housework -- 2.3 The Market System -- The Circular Flow of Income -- The Gains from Free Markets -- The Market Mechanism -- Making the Connection: A Story of the Market System in Action: How Do You Make an iPad? -- The Role of the Entrepreneur -- The Legal Basis of a Successful Market System -- Making the Connection: Who Owns The Wizard of Oz? -- Conclusion -- An Inside Look: What's on the Horizon at Mercedes-Benz? -- Chapter 3: Where Prices Come From: The Interaction of Demand and Supply -- Smartphones: The Indispensible Product? -- 3.1 The Demand Side of the Market -- Demand Schedules and Demand Curves -- The Law of Demand -- What Explains the Law of Demand? -- Holding Everything Else Constant: The Ceteris paribus Condition -- Variables That Shift Market Demand -- Making the Connection: Are Tablet Computers Substitutes for E-Readers? -- Making the Connection: Coke and Pepsi Are Hit by U.S. Demographics -- A Change in Demand versus a Change in Quantity Demanded -- Making the Connection: Forecasting the Demand for iPhones -- 3.2 The Supply Side of the Market -- Supply Schedules and Supply Curves -- The Law of Supply -- Variables That Shift Market Supply. ; A Change in Supply versus a Change in Quantity Supplied -- 3.3 Market Equilibrium: Putting Demand and Supply Together -- How Markets Eliminate Surpluses and Shortages -- Demand and Supply Both Count -- Solved Problem 3.3: Demand and Supply Both Count: A Tale of Two Letters -- 3.4 The Effect of Demand and Supply Shifts on Equilibrium -- The Effect of Shifts in Supply on Equilibrium -- Making the Connection: The Falling Price of Blu-ray Players -- The Effect of Shifts in Demand on Equilibrium -- The Effect of Shifts in Demand and Supply over Time -- Solved Problem 3.4: What Has Caused the Decline in Beef Consumption? -- Shifts in a Curve versus Movements along a Curve -- Don't Let This Happen to You: Remember: A Change in a Good's Price Does Not Cause the Demand or Supply Curve to Shift -- Conclusion -- An Inside Look: Google and Apple Face Supply and Demand Concerns in the Smartphone Market -- Chapter 4: Economic Efficiency, Government Price Setting, and Taxes -- The Sharing Economy, Phone Apps, and Rent Control -- 4.1 Consumer Surplus and Producer Surplus -- Consumer Surplus -- Making the Connection: The Consumer Surplus from Broadband Internet Service -- Producer Surplus -- What Consumer Surplus and Producer Surplus Measure -- 4.2 The Efficiency of Competitive Markets -- Marginal Benefit Equals Marginal Cost in Competitive Equilibrium -- Economic Surplus -- Deadweight Loss -- Economic Surplus and Economic Efficiency -- 4.3 Government Intervention in the Market: Price Floors and Price Ceilings -- Price Floors: Government Policy in Agricultural Markets -- Making the Connection: Price Floors in Labor Markets: The Debate over Minimum Wage Policy -- Price Ceilings: Government Rent Control Policy in Housing Markets -- Don't Let This Happen to You: Don't Confuse "Scarcity" with "Shortage" -- Black Markets and Peer-to-Peer Sites. ; Solved Problem 4.3: What's the Economic Effect of a Black Market in Renting Apartments? -- The Results of Government Price Controls: Winners, Losers, and Inefficiency -- Positive and Normative Analysis of Price Ceilings and Price Floors -- 4.4 The Economic Impact of Taxes -- The Effect of Taxes on Economic Efficiency -- Tax Incidence: Who Actually Pays a Tax? -- Solved Problem 4.4: When Do Consumers Pay All of a Sales Tax Increase? -- Making the Connection: Is the Burden of the Social Security Tax Really Shared Equally between Workers and Firms? -- Conclusion -- An Inside Look At Policy: Does the Sharing Economy Increase Efficiency? -- Appendix: Quantitative Demand and Supply Analysis -- Demand and Supply Equations -- Calculating Consumer Surplus and Producer Surplus -- Chapter 5: The Economics of Health Care -- How Much Will You Pay for Health Insurance? -- 5.1 The Improving Health of People in the United States -- Changes over Time in U.S. Health -- Reasons for Long-Run Improvements in U.S. Health -- 5.2 Health Care around the World -- The U.S. Health Care System -- The Health Care Systems of Canada, Japan, and the United Kingdom -- Comparing Health Care Outcomes around the World -- 5.3 Information Problems and Externalities in the Market for Health Care -- Adverse Selection and the Market for "Lemons" -- Asymmetric Information in the Market for Health Insurance -- Don't Let This Happen to You: Don't Confuse Adverse Selection with Moral Hazard -- Solved Problem 5.3: If You Are Young and Healthy, Should You Buy Health Insurance? -- Externalities in the Market for Health Care -- Making the Connection: Should the Government Run the Health Care System? -- 5.4 The Debate over Health Care Policy in the United States -- The Rising Cost of Health Care -- Making the Connection: Are U.S. Firms Handicapped by Paying for Their Employees' Health Insurance?. ; Explaining Rapid Increases in Health Care Spending -- The Continuing Debate over Health Care Policy -- Making the Connection: How Much Is That MRI Scan? -- Conclusion -- Part 2: Firms in the Domestic and International Economies -- Chapter 6: Firms, the Stock Market, and Corporate Governance -- Facebook Learns the Benefits and Costs of Becoming a Publicly Owned Firm -- 6.1 Types of Firms -- Who Is Liable? Limited and Unlimited Liability -- Corporations Earn the Majority of Revenue and Profits -- Making the Connection: How Important Are Small Businesses to the U.S. Economy? -- 6.2 The Structure of Corporations and the Principal-Agent Problem -- Corporate Structure and Corporate Governance -- Solved Problem 6.2: Should a Firm's CEO Also Be the Chairman of the Board? -- 6.3 How Firms Raise Funds -- Sources of External Funds -- Making the Connection: The Rating Game: Is the U.S. Treasury Likely to Default on Its Bonds? -- Stock and Bond Markets Provide Capital-and Information -- Don't Let This Happen to You: When Facebook Shares Are Sold, Facebook Doesn't Get the Money -- Why Do Stock Prices Fluctuate So Much? -- Making the Connection: Following Abercrombie & Fitch's Stock Price in the Financial Pages -- 6.4 Using Financial Statements to Evaluate a Corporation -- The Income Statement -- The Balance Sheet -- 6.5 Corporate Governance Policy and the Financial Crisis of 2007-2009 -- The Accounting Scandals of the Early 2000s -- The Financial Crisis of 2007-2009 -- Did Principal-Agent Problems Help Cause the 2007-2009 Financial Crisis? -- Making the Connection: The Ups and Downs of Investing in Facebook -- Conclusion -- Appendix: Tools to Analyze Firms' Financial Information -- Using Present Value to Make Investment Decisions -- Solved Problem 6A.1: How to Receive Your Contest Winnings -- Using Present Value to Calculate Bond Prices. ; Using Present Value to Calculate Stock Prices.
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• Titolo autorizzato: Macroeconomics
• ISBN: 1-292-07181-8
• Formato: Materiale a stampa
• Livello bibliografico: Monografia
• Lingua di pubblicazione: Inglese
• Record Nr.: 9910154781203321
• Lo trovi qui: Univ. Federico II
• Serie: Pearson series in economics.