Microeconomics (2nd Edition) (MyEconLab Series)(Book only) [Paperback]

Glenn Hubbard (Author), Anthony P. O'Brien (Author)

Book Description

ISBN-10: 0138132771 | ISBN-13: 978-0138132774 | Publication Date: November 16, 2007 | Edition: 2

Hubbard & O'Brien motivate the study of economics through real business examples. The book motivates users by demonstrating how real business uses economics to make real decisions on a daily basis. Covers the different Market Structures in an intuitive fashion so that readers of all backgrounds and fields can grasp the importance and flow of these concepts. Chapter opening cases, examples and figures motivate the economic principles covered, while Solved Problems provide models of how to solve an economic problem – keeping readers focused on the main ideas of each chapter, and preventing them from getting bogged down due to a lack of basic math or "word problem" skills.

Cover a core of microeconomics topics, then lend an additional business emphasis by covering one or more optional chapters: Business Firms, Corporate Governance, and the Stock Market; Monopolistic Competition: The Competitive Model in a More Realistic Setting; or Pricing Strategy.

MARKET: For anyone in business who wants to benefit from understanding the economic forces behind their work.

Editorial Reviews

From the Back Cover

Where are you headed?

 No matter what your career, you will need to understand how economic forces affect you and your work.

 Hubbard/O’Brien, Microeconomics 1/e gives you the motivation and the tools to understand those forces.

 You’re on your way.

 

--This text refers to an out of print or unavailable edition of this title.

About the Author

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.

Product Details

• Paperback: 704 pages
• Publisher: Prentice Hall; 2 edition (November 16, 2007)
• Language: English
• ISBN-10: 0138132771
• ISBN-13: 978-0138132774
• Product Dimensions: 10.8 x 8.4 x 1 inches
• Shipping Weight: 3.2 pounds
• Average Customer Review: 4.1 out of 5 stars  See all reviews (17 customer reviews)
• Amazon Best Sellers Rank: #18,168 in Books (See Top 100 in Books)

Customer Reviews

Most Helpful Customer Reviews

15 of 16 people found the following review helpful:

3.0 out of 5 stars Good book for economics beginners, the extras not so great, May 14, 2007

By 

Justin J. Stark (Omaha, NE, USA) - See all my reviews
(REAL NAME)   

Amazon Verified Purchase

This review is from: Microeconomics (MyEconLab Series) (Paperback)

This is a really good book if you want to learn the basics of micro economics. The topics are split up nicely into sections, the definitions are clear and concise, and the material is backed up with plenty of graphs and diagrams.

The reason this book only gets 3 stars:

1) It's expensive for a paperback. After being hauled around in my backpack for a semester, some of the pages started falling out. Good luck selling this book after the bindings go out.

2) The supplemental MyEconLab, the only testing and quizzing portion, has problems. It only works in Internet Explorer when you install the necessary plugins. Tough luck for those of us who use Linux and/or Firefox.

On top of that, MyEconLab is finicky. Many of the graphing problems will be counted wrong if you graph a line one unit too long, even though it is still a correct solution. At other times, a missing negative sign or a rounding error will lose you credit on the entire, multi-part question. Sometimes, MyEconLab will count an answer wrong for no reason. Pearson Education has supposedly been fixing the bugs so they may or may not be a problem anymore.

My final gripe with MyEconLab is that if you buy the book used, you have to shell out more cash to gain access to the online supplement.

Overall, if you want a good textbook to learn micro economics, this book is not bad. You can probably find books with similar information and a hard cover for about the same price. As long as you buy it used and don't use the online portion, I recommend this book. If you are counting on using MyEconLab, you may be in for a disappointment.

6 of 6 people found the following review helpful:

4.0 out of 5 stars Satisfactory Econ Reference BUT ANOTHER/CHEAPER ALTERNATIVE, October 27, 2010

By 

jem2a - See all my reviews

This review is from: Microeconomics (3rd Edition) (Paperback)

I used this book for my introductory microeconomics course. I thought it should be known that there is another version of this book with ISBN 9780136022008. It has EXACTLY the same content as the regular text but is labelled as the student value edition. Instead of being a book, the pages are on loose leaf paper. This was great since it could still be carried around collectively in a binder or I could take certain chapters out to class. It is possible to find this other version for a lower price than that of the normal paperback text..
Microeconomics, Student Value Edition (3rd Edition)

2 of 2 people found the following review helpful:

5.0 out of 5 stars Macking Eco, January 28, 2011

By 

MoBlah - See all my reviews

Amazon Verified Purchase

This review is from: Macroeconomics & MyEconLab Student Access Code Card (3rd Edition) (Paperback)

The seller deserves stars.

Perhaps the seller should get five stars for keeping this book in excellent condition, but the notes didn't exclusively say that myeconlab was not included for persons who don't know what they're buying.

I wasn't previously familiar with O'brien's Macroeconomics, so I didn't know what to expect. I didn't know that I would have needed to purchase the access code in additon to the book, considering that the displayed title, here, is "Macroeconomics & MyEconLab Student Access Code Card." The seller stressed that only the book was for sale, but how was I supposed to have known that the seller wasn't making reference to software. As far as I now know, the code should be included, but not in the case of a used book. For this reason, the seller gets three stars. Live and learn!

This book is worth it.

Thus far, I'm on chapter three. I find this book to be very informative. If each student read Macroeconomics from cover to cover, I'm sure they could easily become economists--the book is that user friendly.

You would suppose that someone taking an economics class is math savvy. Well, Hubbard and O'brien don't make any assumptions. They fully explains all the discrete mathematical operations for all. Maybe they should name the book "Macroeconomics for Dummies," but whose idea was that? Forget about it! The face of the book implies simplicity without insulting its readers. Sorry! I didn't mean to stray.

Even if you're in doubt about any aspect of Macroeconomics, once you purchase their "MyEconLab Code" you will have limited access (not more than 1 year) for additional help. And if you still don't understand how to graph or create pie charts for example, you could select the "Ask your instructor" icon for further assistance providing that you are not working independently. In that case, maybe you could contact Pearson directly.

Overall, you may conclude that Hubbard and O'brien's Macroeconomics is an easy-read to enter it with a positive attitude, but the totality of the subject could be tricky, even confusing--like English.

I'm contributing this bit of information not only to offer my 'five-cents,' but also to equip you with basic information to aid in a wise decision, and hopefully relax your mind about poor perceptions you may have about macroeconomics...