Economics / R. Glenn Hubbard, Columbia University, Anthony Patrick O'Brien, Lehigh University.

Revised edition of the authors' Economics.

Includes bibliographical references and index.

Introduction -- Economics : foundations and models -- Trade-offs, comparative advantage, and the market system -- Where prices come from : the interaction of demand and supply -- Economic efficiency, government price setting, and taxes -- Markets in action : policy and applications -- Externalities, environmental policy, and public goods -- Elasticity : the responsiveness of demand and supply -- The economics of health care -- Firms in the domestic and international economies -- Firms, the stock market, and corporate governance -- Comparative advantage and the gains from international trade -- Microeconomic foundations : consumers and firms -- Consumer choice & behavioral economics -- Technology, production, and costs -- Market structure and firm strategy -- Firms in perfectly competitive markets -- Monopolistic competition : the competitive model in a more realistic setting -- Oligopoly : firms in less competitive markets -- Monopoly and antitrust policy -- Pricing strategy -- Markets for factors of production -- The markets for labor and other -- Factors of production -- Public choice, taxes, and the distribution of income -- Macroeconomic foundations and long-run growth -- Gdp: measuring total production and income -- Unemployment and inflation -- Economic growth, the financial system, and business cycles -- Long-run growth : sources & policies -- Short-run fluctuations -- Aggregate expenditure and output in the short run -- Aggregate demand and aggregate supply analysis -- Monetary and fiscal policy -- Money, banks, and the federal reserve system -- Monetary policy -- Fiscal policy -- Inflation,unemployment, and federal reserve policy -- The international economy -- Macroeconomics in an open economy -- The international financial system -- Glossary -- Index.