Synopses & Reviews
PRINCIPLES OF MACROECONOMICS, Sixth Edition, became a best seller after its introduction and continues to be the most popular and widely used text in the economics classroom. Instructors found it the perfect complement to their teaching. A text by a superb writer and economist that stressed the most important concepts without overwhelming students with an excess of detail was a formula that was quickly imitated, but has yet to be matched. The sixth edition features a strong revision of content in all twenty-three chapters. Dozens of new applications emphasize the real-world relevance of economics for today's students through interesting news articles, realistic case studies, and engaging problems. The premier ancillary package is the most extensive in the industry, using a team of instructors/preparers that have been with the project since the first edition. The text material is again fully integrated into Aplia, the best-selling online homework solution. "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.
With its clear and engaging writing style, PRINCIPLES OF MACROECONOMICS, Sixth Edition, continues to be one of the most popular books on economics available today. 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.
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. 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.