Essentials of Economics / Edition 6

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Overview

For the one-semester survey of economics course, Mankiw now provides an excellent resource for students who are seeing economics for the first time. His two-semester version of the text has received such praise as perhaps the best ever textbook in economic principles. Its no wonder Mankiw's prize project has quickly become one of the most successful books ever to be published in the college marketplace. The author's conversational writing style is superb for presenting the politics and science of economic theories to tomorrow's decision-makers. Because Mankiw wrote it for the students, the book stands out among all other texts by intriguing students to apply an economic way of thinking in their daily lives.
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Editorial Reviews

From the Publisher
"One of the reasons why we adopted the Mankiw text was because of its relevant concepts that students could really relate to. I would say to continue with this trend, and also be sure to use examples that relate to the current economic conditions that make sense to a beginner economics student."

"I have used Mankiw for several years, across at least 3 or 4 of its editions. I like the writing in the book—it's clear and exposits the ideas effectively. It covers topics that I want to cover, mostly in the order that I like to cover them. It's at the appropriate level for our students—not too difficult but not superficial either. I also like the fact that this book is very closely integrated with the Aplia system, which I believe is an important learning tool."

"Very student friendly text. Makes economics easy to understand. Some of the other texts would take a lot of reading to explain an idea."

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Product Details

  • ISBN-13: 9780538453080
  • Publisher: Cengage Learning
  • Publication date: 2/9/2011
  • Series: Economics Series
  • Edition description: Older Edition
  • Edition number: 6
  • Pages: 592
  • Sales rank: 594,844
  • Product dimensions: 8.70 (w) x 10.10 (h) x 1.00 (d)

Meet the Author

N. Gregory Mankiw is Robert M. Beren Professor of Economics and Chair of the Department of Economics at Harvard University. He studied economics at Princeton University and MIT. He has taught macroeconomics, microeconomics, statistics, and principles of economics. Professor Mankiw is a prolific writer and a regular participant in academic and policy debates. His research includes work on price adjustment, consumer behavior, financial markets, monetary and fiscal policy, and economic growth. His published articles have appeared in academic journals such as the AMERICAN ECONOMIC REVIEW, JOURNAL OF POLITICAL ECONOMY, and QUARTERLY JOURNAL OF ECONOMICS and in more widely accessible forums including THE NEW YORK TIMES, THE WASHINGTON POST, THE WALL STREET JOURNAL, and FORTUNE. In addition to his teaching, research, and writing, Professor Mankiw has been a research associate of the National Bureau of Economic Research, an adviser to the Federal Reserve Bank of Boston and the Congressional Budget Office, and a member of the ETS test development committee for the advanced placement exam in economics. From 2003 to 2005, he served as chairman of the President's Council of Economic Advisers. In addition, he maintains a very popular blog for students of economics at http://www.gregmankiw.blogspot.com.

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Table of Contents


PART I. INTRODUCTION
1.Ten Principles of Economics
2.Thinking Like an Economist. Appendix: Graphing - A Brief Review
3.Interdependence and the Gains from Trade.
PART II. SUPPLY AND DEMAND I: HOW MARKETS WORK
4.The Market Forces of Supply and Demand
5.Elasticity and Its Application
6.Supply, Demand, and Government Policies.
PART III. SUPPLY AND DEMAND II: MARKETS AND WELFARE
7.Consumers, Producers, and the Efficiency of Markets
8.Application: The Costs of Taxation
9.Application: International Trade.
PART IV. THE ECONOMICS OF THE PUBLIC SECTOR
10.Externalities
11.Public Goods and Common Resources.
PART V. FIRM BEHAVIOR AND THE ORGANIZATION OF INDUSTRY
12.The Costs of Production
13.Firms in Competitive Markets
14.Monopoly. Part VI. The Data of Macroeconomics
15.Measuring a NationÆs Income
16.Measuring the Cost of Living.
PART VII. THE REAL ECONOMY IN THE LONG RUN
17.Production and Growth
18.Saving, Investment, and the Financial System
19.Unemployment and Its Natural Rate.
PART VIII. MONEY AND PRICES IN THE LONG RUN
20.The Monetary System
21.Money Growth and Inflation.
PART IX. SHORT-RUN ECONOMIC FLUCTUATIONS
22.Aggregate Demand and Aggregate Supply
23.The Influence of Monetary and Fiscal Policy on Aggregate Demand.
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