• 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.

Glenn Hubbard, policymaker, professor, and researcher. Hubbard is the dean and Russell L. Neighbors 2014 dual audio robocop costume for women. 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.

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