• The new chapter on The Economics of Health Care covers: • Health care around the world • Information problems and externalities in the market for health care • The Patient Protection and Affordable Care Act in the United States • There is new coverage of the slow recovery from the recession and financial crisis of 2007—2009. • There is new coverage of initiatives by the Federal Reserve, including quantitative easing and Operation Twist. • There is new coverage of fiscal policy, including analysis of the debate over fiscal stimulus and the magnitude of multipliers for government spending and taxes. • All companies in the chapter-openers have been replaced with new companies or updated with current information. • All chapters include new An Inside Look newspaper articles and analyses to help students apply economic thinking to current events and policy debates.

• There are new Making the Connection features to help students tie economic concepts to current events and policy issues. • Figures and tables have been updated, using the latest data available.

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• Many of the end-of-chapter problems have been either replaced or updated.

Description For the two-semester Principles of Economics courses at four- and two-year colleges and universities. For a complete multimedia book tour of Hubbard/O'Brien, Economics, 4e, For a look at the Supply & Demand Chapter of this title, Learn economics through real business examples. The number-one question students of economics ask themselves is, 'Why am I here, and will I ever use this?' Hubbard/O'Brien answers this question by demonstrating that real businesses use economics to make real decisions everyday. This is something all students can connect to, whether they're business majors or not, because students encounter businesses in their daily lives. And regardless of their future career path—opening an art studio, doing social work, trading on Wall Street, working for the government, or bartending at the local pub—students will benefit from understanding the economic forces behind their work.

For the two-semester Principles of Economics courses at four- and two-year colleges and universities. Learn economics through real business examples. The number-one question students of economics ask themselves is, 'Why am I here, and will I ever use this?' Hubbard/O'Brien answers this question by demonstrating that real businesses use economics to make real decisions everyday.

This is something all students can connect to, whether they're business majors or not, because students encounter businesses in their daily lives. And regardless of their future career path—opening an art studio, doing social work, trading on Wall Street, working for the government, or bartending 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. • Real-world business chapter opening cases set a real context for learning, spark students' interest, and provide a unifying theme for the chapter by showing how the economic concepts about to be learned impact a real business.