For the two-semester Principles of Economics courses at 4-year & 2-year colleges and universities.
Still Keeping it Real and More Accessible Than Ever!
Hubbard & O'Brien keeps it real in the third edition with updated examples, data, and end-of-chapter problems, providing the most up-to-date discussion on the recession/financial crisis and the monetary and fiscal policy response.
Hubbard & O'Brien is the only book that motivates students to learn economics through real business examples.
The #1 question students of economics ask themselves is: "Why am I here, and will I ever use this?" Hubbard/O'Brien answer this question by demonstrating that real businesses use economics to make real decisions daily. This is motivating to all students, whether they are business majors or not. All students can relate to businesses they encounter in their everyday lives. Whether they open an art studio, do social work, trade on Wall Street, work for the government, or bartend at the local pub, students will benefit from understanding the economic forces behind their work.
Real Features. This text presents students with everything they need to make economics relevant and understandable.
"Do your students ask themselves: "Why am I here? When will I use this information?" How do you motivate them to see that economics is a dynamic, relevant discipline?"
"How are your students' basic problem solving skills? Are they comfortable with "word problems"? Do they know where to begin solving an applied economics problem? Do you find that many of the questions you get are less related to real economics, and more related to a lack of problem-solving skills?"
Real Content. Taken straight from today's headlines, Hubbard & O'Brien have woven in current and relevant issues such as:
Real Accessibility. Hubbard & O'Brien offer accessible technology, accessible purchasing options, and an accessible writing style as defined by more than 1500 students at different colleges and universities from across the country!
Now, one of the only Principles of Economics text with the new 2005 base year macro data! Glenn Hubbard & Tony O'Brien updated the macro data from a 2000 base year to a 2005 base year to conform to the very recent change at the Bureau of Economic Analysis. Many macro instructors put great store in having up-to-date statistics available for students. Instructors want the numbers in the book to match the numbers students may encounter in papers or online, particuarly if they are using articles or online data in class!
Glenn Hubbard policymaker, professor, and researcher.
R.Glenn Hubbard is the Dean and Russell L. Carson Professor of Finance and Economics in the Graduate School of Business at Columbia University and Professor of Economics in Columbia's Faculty of Arts and Sciences. He is also a research associate of the National Bureau of Economic Research and a director of Automatic Data Processing, Black Rock Closed-End Funds, Dex Media, Duke Realty, KKR Financial Corporation, and Ripplewood Holdings. He received his Ph.D. in economics from Harvard University in 1983. From 2001-2003, he served as Chairman of the White House Council of Economic Advisers, and from 1991-1993, he was Deputy Assistant Secretary of the U.S. Treasury Department. Glenn Hubbard's fields of specialization are public economics, financial markets and institutions, corporate finance, macroeconomics, industrial organization, and public policy. He is the author of more than 90 articles in leading journals, including the American Economic Review, Journal of Finance, Journal of Financial Economics, Journal of Political Economy, Journal of Public Economics, Quarterly Journal of Economics, RAND Journal of Economics, and Review of Economics and Statistics. His research has been supported by grants from the National Science Foundation, the National Bureau of Economic Research, and numerous private foundations.
Tony O'Brien award-winning professor and researcher.
Anthony Patrick O'Brien is a professor of economics at Lehigh University. He received his Ph.D. from the University of California, Berkeley, in 1987. He has taught principles of economics for more than 15 years, in both large sections and small honors classes. He received the Lehigh University Award for Distinguished Teaching. He was formerly the director of the Diamond Center for Economic Education and was named a Dana Foundation Faculty Fellow and Lehigh Class of 1961 Professor of Economics. He has been a visiting professor at the University of California, Santa Barbara, and the Graduate School of Industrial Administration at Carnegie Mellon University. Anthony O'Brien's research has dealt with such issues as the evolution of the U.S. automobile industry, the sources of U.S. economic competitiveness, the development of U.S. trade policy, the causes of the Great Depression, and the causes of black-white income differences. His research has been published in leading journals, including the American Economic Review, the Quarterly Journal of Economics, the Journal of Money, Credit, and Banking, Industrial Relations, and the Journal of Economic History. His research has been supported by grants from government agencies and private foundations. In addition to teaching and writing, Anthony O'Brien also serves on the editorial board of the Journal of Socio-economics.