Mankiw's Principles of Economics textbooks continue to be the most popular and widely used text in the economics classroom. PRINCIPLES OF MACROECONOMICS, 4th Edition features a strong revision of content in all 23 chapters while maintaining the clear and accessible writing style that is the hallmark of the highly respected author. The 4th edition also features an expanded instructor's resource package designed to assist instructors in course planning and classroom presentation and full integration of content with Aplia, the leading online Economics education program. In the 4th edition Greg Mankiw has created a full educational program for students and instructors — Experience Mankiw 4e. "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.

"I find navigation process very simple. I am very impressed with Meet your tutor - Master the Learning Objectives section (that is so well planned out and organized). If students are having problems with any of the material and they're serious about being successful in this class, it is impossible for them not to understand the material after doing suggested activities in this section. "Ask the Author" video clips are interesting and clever. "Economic Applications" section also has good navigation system and can be useful for teachers and students both."

"The book's strengths include its ability to explain in plain language the beauty of economic theory; the concise manner in which real world examples are integrated into the text; and, the online assistance that does an effective job in complementing the text."

With its clear and engaging writing style, PRINCIPLES OF MACROECONOMICS, 5E, continues to be one of the most popular books on economics available today. Mankiw emphasizes material that you're likely to find interesting about the economy (particularly if you're 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.

N. Gregory Mankiw is Professor of Economics at Harvard University. As a student, he studied economics at Princeton University and MIT. As a teacher, he has taught macroeconomics, microeconomics, statistics, and principles of economics. He even spent one summer long ago as a sailing instructor on Long Beach Island.

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, such as 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.

Professor Mankiw lives in Wellesley, Massachusetts, with his wife, three children, and border terrier Tobin.

About the Author. Brief Contents. Table of Contents. Visual Preface. Preface: To the Instructor (not included in SE). Supplements (abbreviated in SE). Preface: To the Student. Part One: Introduction. 1 Ten Principles of Economics. 2 Thinking Like an Economist. 3 Interdependence and the Gains from Trade. Part Two: How Markets Work. 4 The Market Forces of Supply and Demand. 5 Elasticity and Its Application. 6 Supply, Demand, and Government Policies. Part Three: Markets and Welfare. 7 Consumers, Producers, and the Efficiency of Markets. 8 Application: The Costs of Taxation. 9 Application: International Trade. Part Four: The Data of Macroeconomics. 10 Measuring a Nation's Income. 11 Measuring the Cost of Living. Part Five: 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 Six: Money and Prices in the Long Run. 16 The Monetary System. 17 Money Growth and Inflation. Part Seven: The Macroeconomics of Open Economics. 18 Open-Economy Macroeconomics: Basic Concepts. 19 A Macroeconomic Theory of the Open Economy. Part Eight: 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 Nine: Final Thoughts. 23 Five Debates over Macroeconomic Policy. Glossary. Index.