Now you can master the principles of macroeconomics with the help of the most popular, widely-used economics textbook by students worldwide Mankiw's BRIEF PRINCIPLES OF MACROECONOMICS, 8E. With its clear and engaging writing style, this book emphasizes only the material that will help you better understand the world in which you live, will make you a more astute participant in the economy, and will give you a better understanding of both the potential and limits of economic policy. The latest relevant examples bring macroeconomic principles to life. Acclaimed text author N. Gregory Mankiw explains, "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." Powerful student-focused digital resources are available in MindTap and Aplia digital learning and homework solutions that reinforce the principles presented in this edition.
About the Author
N. Gregory Mankiw is Robert M. Beren Professor of Economics at Harvard University. He studied economics at Princeton University and MIT. Dr. 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. 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, he served as chairman of the President's Council of Economic Advisers.
Table of Contents
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. PART VIII: THE DATA OF MACROECONOMICS. 5. Measuring a Nation's Income. 6. Measuring the Cost of Living. Part IX: THE REAL ECONOMY IN THE LONG RUN. 7. Production and Growth. 8. Saving, Investment, and the Financial System. 9. The Basic Tools of Finance. 10. Unemployment and Its Natural Rate. Part X: MONEY AND PRICES IN THE LONG RUN. 11. The Monetary System. 12. Money Growth and Inflation. Part XI: THE MACROECONOMICS OF OPEN ECONOMIES. 13. Open-Economy Macroeconomics: Basic Concepts. 14. A Macroeconomic Theory of the Open Economy. Part XII: SHORT-RUN ECONOMIC FLUCTUATIONS. 15. Aggregate Demand and Aggregate Supply. 16. The Influence of Monetary and Fiscal Policy on Aggregate Demand. 17. The Short-Run Tradeoff between Inflation and Unemployment. Part XIII: FINAL THOUGHTS. 18. Six Debates over Macroeconomic Policy. Glossary. Index.