Macroeconomics 4th Edition by R. Glenn Hubbard and Anthony Patrick O'Brien explains the basics of economics by demonstrating how real businesses use economics to make real decisions everyday. That is something all readers can connect with, as they encounter businesses in their daily lives.
And regardless of future career path-opening an artwork studio, doing social work, trading on Wall Street, working for the government, or bartending on the local pub-readers will profit from understanding the economic forces behind their work. Every chapter of the text: opens with a case study that includes a real business or real business state of affairs, refers back to the study throughout the chapter, and concludes with An Inside Look-a news article format which illustrates how a key precept covered within the chapter relates to real business situations or was used by a real company to make a real business decision.
Whereas the core ideas of economics remain unchanged, the book helps students make sense of changing economic realities, akin to coverage debate on health care, immigration and the environment, the global financial crisis, and the effectiveness of economics policies aimed at minimizing the affect of the financial crisis. This text presents economics as a dynamic, related self-discipline for students.
Real-world business chapter opening circumstances set a real context for learning, spark students' curiosity, and supply a unifying theme for the chapter by displaying how the financial concepts about to be discovered affect a real business. Economics in Your Life was added to each chapter opener to create a private dimension to the material for students. This characteristic poses questions to college students for them to think about and ultimately of the chapter the authors reply the questions posed.
Inside Look ends each chapter with a newspaper article illustrating how a key precept within the chapter was used by the chapter-opening case firm to make a real business decision. The authors present an analysis of the article, corresponding graph (s), and Considering Critically exercises. Making the Connection helps students see how the data they are studying has been used in real economic situation.
Solved Problems all through the text provide models of how one can resolve an economic drawback by breaking it down step-by-step. Every solved problem features a problem statement, delineated steps to resolve the problem, a graph, and characteristic directing college students to chapter problem(s) for instant practice. This keeps college students centered on the primary concepts of each chapter, and prevents them from getting slowed down resulting from a lack of basic math or "phrase problem" skills.
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