Principles of Macroeconomics / Edition 7

by N. Gregory Mankiw

Overview

With its clear and engaging writing style, PRINCIPLES OF MACROECONOMICS, Seventh Edition, continues to be the most popular and widely-used economics textbook among today's students. Mankiw emphasizes material that you are likely to find interesting about the economy (particularly if you are studying economics for the first time), including real-life scenarios, useful facts, and the many ways economic concepts play a role in the decisions you make every day. "I have tried to put myself in the position of someone seeing economics for the first time. My goal is to emphasize the material that students should and do find interesting about the study of the economy."—N. Gregory Mankiw.

Product Details

ISBN-13:	9781285165912
Publisher:	Cengage Learning
Publication date:	01/01/2014
Series:	MindTap Course List
Edition description:	Older Edition
Pages:	576
Product dimensions:	8.40(w) x 9.90(h) x 0.90(d)

About the Author

N. Gregory Mankiw is the Robert M. Beren Professor of Economics at Harvard University. For 14 years he taught EC10 Principles, the most popular course at Harvard. Dr. Mankiw studied economics at Princeton University and MIT. He 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. Dr. Mankiw's articles have appeared in academic journals such as the American Economic Review, Journal of Political Economy and Quarterly Journal of Economics. His work has also appeared in more widely accessible forums, including The New York Times, The Washington Post, The Wall Street Journal and Fortune. Dr. 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, Dr. Mankiw served as chairman of the President s Council of Economic Advisers.

Table of Contents

About the Author. Brief Contents. Table of Contents. Preface. Part I: INTRODUCTION. 1. Ten Principles of Economics. 2. Thinking Like an Economist. 3. Interdependence and the Gains from Trade. Part II: HOW MARKETS WORK. 4. The Market Forces of Supply and Demand. 5. Elasticity and Its Application. 6. Supply, Demand, and Government Policies. Part III: MARKETS AND WELFARE. 7. Consumers, Producers, and the Efficiency of Markets. 8. Application: The Costs of Taxation. 9. Application: International Trade. Part IV: THE DATA OF MACROECONOMICS. 10. Measuring a Nation's Income. 11. Measuring the Cost of Living. Part V: THE REAL ECONOMY IN THE LONG RUN. 12. Production and Growth. 13. Saving, Investment, and the Financial System. 14. The Basic Tools of Finance. 15. Unemployment and Its Natural Rate. Part VI: MONEY AND PRICES IN THE LONG RUN. 16. The Monetary System. 17. Money Growth and Inflation. Part VII: THE MACROECONOMICS OF OPEN ECONOMICS. 18. Open-Economy Macroeconomics: Basic Concepts. 19. A Macroeconomic Theory of the Open Economy. Part VIII: SHORT-RUN ECONOMIC FLUCTUATIONS. 20. Aggregate Demand and Aggregate Supply. 21. The Influence of Monetary and Fiscal Policy on Aggregate Demand. 22. The Short-Run Tradeoff between Inflation and Unemployment. Part IX: FINAL THOUGHTS. 23. Six Debates over Macroeconomic Policy. Glossary. Index.

Editorial Reviews

"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."

From the Publisher