Principles of Macroeconomics

N. Gregory(N. Gregory Mankiw) Mankiw0324171897, 9780324171891

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.

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Table of contents :
Cover……Page 1
1. Ten Principles of economics……Page 2
2. Thinking like an economist……Page 18
3. Interdependence and the gains from trade……Page 46
4. The market forces of supply and demand……Page 62
5. Elasticity and its application……Page 90
6. Supply, demand, and government policies……Page 114
7. Consumers, producers, and the efficiency of markets……Page 136
8. Application: The costs of taxation……Page 156
9. Application: International trade……Page 174
10. Measuring a nation’s income……Page 198
11. Measuring the cost of living……Page 216
12. Production and growth……Page 232
13. Saving, investment, and the financial system……Page 256
14. Unemployment and its natural rate……Page 282
15. The monetary system……Page 308
16. Money growth and inflation……Page 328
17. Open-economy macroeconomics: Basic concepts……Page 356
18. A macroeconomic theory of the open economy……Page 378
19. Aggregate demand and aggregate supply……Page 398
20. The influence of monetary and fiscal policy on aggregate demand……Page 430
21. The short-run tradeoff between inflation and unemployment……Page 458
22. Five debates over macroeconomic policy……Page 486
Glossary……Page 506