Microeconomics and Macroeconomics

Anne Garnett is a Senior Lecturer in Economics at Murdoch University. She has extensive teaching experience at the undergraduate and postgraduate level, both in Australia and many parts of Asia. Her research areas include regional economics, labour economics, international investment, and trade and agricultural economics. Anne has been an adviser to the federal government on rural and regional economics. She has published numerous chapters in books and articles in international journals. She has taught in all areas of economics at all levels; however, over the past 18 years her primary teaching focus has been to teach first-year introductory economics. Anne is also co-author of the widely used Essentials of Economics undergraduate text published by Pearson Australia. Phil Lewis is the Foundation Professor of Economics and the Director of the Centre for Labour Market Research at the University of Canberra. He is among the best-known economists in the area of employment, education and training in Australia and Asia. He is the author of over 120 publications including journal articles, book chapters and books. He is the editor of The Australian Journal of Labour Economics. Phil has also worked extensively in government and has produced a number of major reports for the private and public sectors. He has served as the National President of the Economic Society of Australia. In 2008, Phil was presented with the Honorary Fellow Award by the Economic Society of Australia for exceptional service to the economics profession. 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, KKR Financial Corporation and MetLife. From 2001 to 2003, he served as chair of the White House Council of Economic Advisers and chair of the OECD Economy Policy Committee, and from 1991 to 1993, he was deputy assistant secretary of the US Treasury Department. He currently serves as co-chair of the non-partisan Committee on Capital Markets Regulation. Glenn's fields of specialisation are public economics, financial markets and institutions, corporate finance, macroeconomics, industrial organisation and public policy. He is the author of more than 100 articles in leading journals. Anthony Patrick (Tony) O'Brien is a Professor of Economics at Lehigh University. He has taught principles of economics for more than 20 years. He has 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. Tony's research has dealt with such issues as the evolution of the US car industry, sources of US economic competitiveness, the development of US trade policy, the causes of the Great Depression, and the causes of black–white income differences. His research has been published in leading journals.

Microeconomics, 4th Edition



PART 1 INTRODUCTION
Chapter 1 Economics: foundations and models
Appendix Using graphs and formulas
Chapter 2 Choices and trade-offs in the market
PART 2 HOW THE MARKET WORKS
Chapter 3 Where prices come from: the interaction of demand and supply
Chapter 4 Elasticity: the responsiveness of demand and supply
Chapter 5 Economic efficiency, government price setting and taxes
Appendix Quantitative demand and supply analysis
PART 3 CONSUMERS AND FIRMS
Chapter 6 Consumer choice and behavioural economics
Appendix Using indifference curves and budget lines to understand consumer behaviour
Chapter 7 Technology, production and costs
Appendix Using isoquants and isocosts to understand production and cost
PART 4 MARKET STRUCTURE AND FIRM STRATEGY
Chapter 8 Firms in perfectly competitive markets
Chapter 9 Monopoly markets
Appendix Price discrimination
Chapter 10 Monopolistic competition: the competitive model in a more realistic setting
Chapter 11 Oligopoly: markets with few competitors
Appendix Traditional models of oligopoly
PART 5 MARKETS FOR FACTORS OF PRODUCTION
Chapter 12 The markets for labour and other factors of production
PART 6 THE INTERNATIONAL ECONOMY
Chapter 13 Comparative advantage and the gains from international trade
PART 7 THE ROLE OF GOVERNMENT
Chapter 14 Government intervention in the market
Chapter 15 Externalities, environmental policy and public goods
Chapter 16 The distribution of income and social policy

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Macroeconomics, 4th Edition

PART 1 INTRODUCTION
Chapter 1 Economics: foundations and models
Appendix Using graphs and formulas
Chapter 2 Choices and trade-offs in the market
PART 2 HOW THE MARKET WORKS
Chapter 3 Where prices come from: the interaction of demand and supply
PART 3 MACROECONOMIC FOUNDATIONS AND ECONOMIC GROWTH
Chapter 4 GDP: measuring total production, income and economic growth
Chapter 5 Economic growth, the financial system and business cycles
Chapter 6 Long-run economic growth: sources and policies
PART 4 UNEMPLOYMENT AND INFLATION
Chapter 7 Unemployment
Chapter 8 Inflation
PART 5 SHORT-RUN FLUCTUATIONS
Chapter 9 Aggregate expenditure and output in the short run
Appendix The algebra of macroeconomic equilibrium
Chapter 10 Aggregate demand and aggregate supply analysis
Appendix Macroeconomic schools of thought
PART 6 MONETARY AND FISCAL POLICY
Chapter 11 Money, banks and the Reserve Bank of Australia
Chapter 12 Monetary policy
Chapter 13 Fiscal policy
Appendix 1 Is there a short-run trade-off between unemployment and inflation?
Appendix 2 A closer look at the multiplier
PART 7 THE INTERNATIONAL ECONOMY
Chapter 14 Macroeconomics in an open economy
Chapter 15 The international financial system
Appendix The gold standard and the Bretton Woods System

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