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Principles of Economics (3RD 04 - Old Edition)by N. Gregory Mankiw
Synopses & Reviews
PRINCIPLES OF ECONOMICS continues to be the most popular and widely used text in the Economics classroom. The 4th edition features a strong revision of content in all 36 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.
Book News Annotation:
Designed for a two-semester introductory course in economics, this textbook covers micro- and macroeconomics. After dealing with the basic tools of supply and demand, he looks at government intervention in market allocations, firm and industrial organization behavior, labor markets, the behavior of the real economy over the long run, and the macroeconomics of open economies, and short run fluctuations within long run trends. Similarly to many textbooks on economics and many other subjects, there is little acknowledgment of controversy within the field. Annotation (c)2003 Book News, Inc., Portland, OR (booknews.com)
In writing this textbook, Mankiw has tried to put himself in the position of someone seeing economics for the first time. 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 principles texts by encouraging students to apply an economic way of thinking in their daily lives. Receiving such a praise as "perhaps the best ever" textbook in economic principles, it's no wonder Mankiw's prize project has quickly become one of the most successful books ever to be published in the college marketplace.
In writing this textbook, Mankiw has tried to put himself in the position of someone seeing economics for the first time. 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 principle texts by intriguing students to apply an economic way of thinking in their daily lives. Receiving such a praise as "perhaps the best ever" textbook in economic principles, it?s no wonder Mankiw?s prize project has quickly become one of the most successful books ever to be published in the college marketplace.
Table of Contents
PART ONE: INTRODUCTION. 1. Ten Principles of Economics. 2. Thinking Like an Economist. APPENDIX: GRAPHING: A BRIEF REVIEW. 3. Interdependence and the Gains from Trade. PART TWO: 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 THREE: 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 FOUR: THE ECONOMICS OF PUBLIC SECTOR. 10. Externalities. 11. Public Goods and Common Resources. 12. The Design of the Tax System. PART FIVE: FIRM BEHAVIOR AND THE ORGANIZATION OF INDUSTRY. 13. The Costs of Production. 14. Firms in Competitive Markets. 15. Monopoly. 16. Oligopoly. 17. Monopolistic Competition. PART SIX: THE ECONOMICS OF LABOR MARKETS. 18. The Markets for the Factors of Production. 19. Earnings and Discrimination. 20. Income Inequality and Poverty. PART SEVEN: TOPICS FOR FURTHER STUDY. 21. The Theory of Consumer Choice. 22. Frontiers in Microeconomics. PART EIGHT: THE DATA OF MACROECONOMICS. 23. Measuring a Nation's Income. 24. Measuring the Cost of Living. PART NINE: THE REAL ECONOMY IN THE LONG RUN. 25. Production and Growth. 26. Saving, Investment, and the Financial System. 27. The Basic Tools of Finance. 28. Unemployment and Its Natural Rate. PART TEN: MONEY AND PRICES IN THE LONG RUN. 29. The Monetary System. 30. Money Growth and Inflation. PART ELEVEN: THE MACROECONOMICS OF OPEN ECONOMIES. 31. Open-Economy Macroeconomics: Basic Concepts. 32. A Macroeconomic Theory of the Open Economy. PART TWELVE: SHORT-RUN ECONOMIC FLUCTUATIONS. 33. Aggregate Demand and Aggregate Supply. 34. The Influence of Monetary and Fiscal Policy on Aggregate Demand. 35. The Short-Run Tradeoff between Inflation and Unemployment. PART THIRTEEN: FINAL THOUGHTS. 36. Five Debates over Macroeconomic Policy.
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