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Macroeconomics, 9th edition

Published by Pearson (June 25, 2024) © 2025

  • Glenn Hubbard Columbia University
  • Anthony Patrick O'Brien Lehigh University
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Macroeconomics makes economic principles relevant by demonstrating how businesses, individuals and policymakers use them to make decisions every day.

The 9th Edition incorporates recent developments in US and world economies through new real-world business and policy examples. No matter your career path, whether you become an artist, banker, engineer or social worker, you’ll benefit from understanding and applying economic principles.

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
  5. The Economics of Health Care

PART 2: FIRMS IN THE DOMESTIC AND INTERNATIONAL ECONOMIES

  1. Firms, the Stock Market, and Corporate Governance
    • Appendix: Present Value
    • Online Appendix: Tools to Analyze Firms’ Financial Information
  2. Comparative Advantage and the Gains from International Trade

PART 3: MACROECONOMIC FOUNDATIONS AND LONG-RUN GROWTH

  1. GDP: Measuring Total Production and Income
  2. Unemployment and Inflation
  3. Economic Growth, the Financial System, and Business Cycles
  4. Long-Run Economic Growth: Sources and Policies

PART 4: SHORT-RUN FLUCTUATIONS

  1. Aggregate Expenditure and Output in the Short Run
    • Appendix: The Algebra of Macroeconomic Equilibrium
  2. Aggregate Demand and Aggregate Supply Analysis
    • Appendix: Macroeconomic Schools of Thought

PART 5: MONETARY AND FISCAL POLICY

  1. Banks, Money, and the Federal Reserve System
  2. Monetary Policy
    • Appendix: The Money Market and the Fed
  3. Fiscal Policy
    • Appendix: A Closer Look at the Multiplier
  4. Inflation, Unemployment, and Federal Reserve Policy

PART 6: THE INTERNATIONAL ECONOMY

  1. Macroeconomics in an Open Economy and the International Financial System
    • Online Appendix: The Gold Standard and the Bretton Woods System
 

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