Principles of Macroeconomics

by N. Gregory Mankiw

Overview

Gain a strong foundation in macroeconomics with today's most popular economics text, trusted by students worldwide — Mankiw’s PRINCIPLES OF MACROECONOMICS, 10E. Using a clear, inviting writing style, this edition focuses exclusively on content to help you better understand the world and economy in which you live. You become a more astute participant in today's economic environment as you learn the potential and limits of economic policy. The latest examples and learning features bring macroeconomic principles to life as author Gregory Mankiw puts himself in the position of someone seeing economics for the first time. Dr. Mankiw's goal is to emphasize the material you will find most relevant and interesting as you study macroeconomics. MindTap digital resources, Aplia digital homework solution and author videos are also available to help you further master key macroeconomic principles.

Product Details

ISBN-13:	9780357722961
Publisher:	Cengage Learning
Publication date:	01/01/2023
Edition description:	10th ed.
Pages:	560
Product dimensions:	8.40(w) x 10.00(h) x 1.10(d)

About the Author

N. Gregory Mankiw is the Robert M. Beren Professor of Economics at Harvard University. As a student, he studied economics at Princeton University and the Massachusetts Institute of Technology. As a teacher 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. In addition to his teaching, research and writing, Professor Mankiw has been a research associate of the National Bureau of Economic Research and an advisor to the Federal Reserve Banks of Boston and New York and the Congressional Budget Office. From 2003 to 2005, he served as chairman of the US President's Council of Economic Advisors and was an advisor to presidential candidate Mitt Romney during the 2012 US presidential election.

Table of Contents

Introduction
Ten Principles of Economics
Thinking Like an Economist
Interdependence and the Gains from Trade
How Markets Work
The Market Forces of Supply and Demand
Elasticity and Its Application
Supply, Demand, and Government Policies
Markets and Welfare
Consumers, Producers, and the Efficiency of Markets
Application: The Costs of Taxation
Application: International Trade
The Economics of the Public Sector
Externalities
Public Goods and Common Resources
The Design of the Tax System
Firm Behavior and the Organization of Industry
The Costs of Production
Firms in Competitive Markets
Monopoly
Oligopoly
Monopolistic Competition
The Economics of Labor Market
The Markets for the Factors of Production
Earnings and Discrimination
Income Inequality and Poverty
Topics for Further Study
The Theory of Consumer Choice
Frontiers of Microeconomics
The Data of Macroeconomics
Measuring a Nation's Income
Measuring the Cost of Living
The Real Economy in the Long Run
Production and Growth
Saving, Investment, and the Financial System
The Basic Tools of Finance
Unemployment
Money and Prices in the Long Run
The Monetary System
Money Growth and Inflation
The Macroeconomics of Open Economies
Open-Economy Macroeconomics: Basic Concepts
A Macroeconomic Theory of the Open Economy
Short-Run Economic Fluctuations
Aggregate Demand and Aggregate Supply
The Influence of Monetary and Fiscal Policy on Aggregate Demand
The Short-Run Trade-off between Inflation and Unemployment
Final Thoughts
Five Debates over Macroeconomic Policy

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