Money, Banking, and the Financial System, First Edition
- Hardcover: 640 pages
- Publisher: Prentice Hall; 1st edition (January 6, 2011)
- Language: English
- ISBN-10: 0132553457
- ISBN-13: 978-0132553452
Money, Banking, and the Financial System, First Edition
Hubbard/O’Brien’s new text presents Money, Banking, and the Financial System, First Edition in the context of contemporary events, policy, and business with an integrated explanation of today’s financial crisis. Reviewers tell us that Hubbard/O’Brien helps make the link between theory and real-world easier for students!
Hubbard and O’Brien provide extensive analysis of the financial events of the past few years. These events are sufficiently important to be incorporated into the body of the text rather than just added as boxed-off features. In particular, they stress the lesson policymakers recently learned the hard way: What happens in the ever-expanding part of the financial system that does not involve commercial banks is of vital importance to the entire economy.
This exciting new text presents students with the underlying economic explanations of why the financial system is organized as it is and how the financial system is connected to the broader economy. Due to the overwhelming success of their principles of economics textbook, Hubbard and O’Brien have employed a similar approach in this textbook: They provide students with a framework that allows them to apply the theory that they learn in the classroom to the practice of the real world.
Make the link between theory and real-world easier for students with the most up-to-date Money and Banking text on the market Today!
Money, Banking, and the Financial System, First Edition presents money, banking, and the financial system in the context of contemporary events, policy, and business with an integrated explanation of today’s financial crisis. Available with MyEconLab! MyEconLab is a powerful assessment and tutorial system that works hand-in-hand with Money and Banking. MyEconLab includes comprehensive homework, quiz, test, and tutorial options, where instructors can manage all assessment needs in one program.
By learning this framework, students will understand not just the 2007-2009 financial crisis and other past events but also developments in the financial system during the years to come. To achieve this goal, they have built four advantages into this text:
- A framework for understanding, evaluating, and predicting
- A modern approach
- Integration of international topics
- A focus on the Federal Reserve
Seamless Integration of Contemporary Events. Each chapter-opening case provides a real-world context for learning that sparks students’ interest in money and banking, and helps to unify the chapter material.
Key Issue-and-Question Approach. Each chapter opens and closes with a Key Issue-and-Question that helps students put the chapter’s contents in context.
Making the Connection. Each chapter includes two to four Making the Connection features that present real-world reinforcement of key concepts. This feature helps students learn how to interpret the news and current events they read online and in newspapers.
Solved Problem. Two or three worked-out problems are included in each chapter of this text so students get a chance to practice the application of the concepts in action. This feature brings students through the problems that may see in the end-of-chapter exercises and other assessments.
An Inside Look. An Inside Look is a two-page feature that shows students how to apply the concepts from the chapter to the analysis of a news article. The article and analysis links back to the chapter-opening case.
Review Questions and Problems and Applications Grouped by Learning Objective to Improve Assessment. All the end-of-chapter material Summary, Review Questions, and Problems and Applications is grouped under learning objectives. The goals of this organization are to make it easier for instructors to assign problems based on learning objectives, both in the book and in MyEconLab, and to help students efficiently review material that they find difficult.
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- Email: Instructors can send emails to their entire class, to individual students or to instructors who has access to their course.
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Glenn Hubbard, Professor, Researcher, and Policymaker
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, KKR Financial Corporation, and MetLife. He received his Ph.D. in economics from Harvard University in 1983. From 2001 to 2003, he served as chairman of the White House Council of Economic Advisers and chairman of the OECD Economy Policy Committee, and from 1991 to 1993, he was deputy assistant secretary of the U.S. Treasury Department. He currently serves as co-chair of the nonpartisan Committee on Capital Markets Regulation and the Corporate Boards Study Group.
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 100 articles in leading journals, including American Economic Review, Brookings Papers on Economic Activity, Journal of Finance, Journal of Financial Economics, Journal ofMoney, Credit, and Banking, 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 a 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. O’Brien’s research has dealt with such issues as the evolution of the U.S. automobile industry, 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 American Economic Review, Quarterly Journal of Economics, Journal ofMoney, Credit, and Banking, Industrial Relations, Journal of Economic History, Explorations in Economic History, and the Journal of Policy History. His research has been supported by grants from government agencies and private foundations. In addition to teaching and writing, O’Brien also serves on the editorial board of the Journal of Socio-Economics.Money, Banking, and the Financial System, First Edition (179)