Synopses & Reviews
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.
About the Author
N. Gregory Mankiw is Professor of Economics at Harvard University. 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. 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.
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