Essentials of Economics (with Xtra!)

by Mankiw, N. Gregory

Edition:

3rd

ISBN13:

9780324171914

ISBN10:

0324171919

Format:

Hardcover

Pub. Date:

2/21/2003

Publisher(s):

Cengage Learning

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Summary

With an easy-to-understand writing style, ESSENTIALS OF ECONOMICS is the most popular and widely used economics textbook in college Economics classes. Author Greg Mankiw has created a textbook that's accessible to everyone, particularly students encountering economics for the first time -- emphasizing real-life scenarios and engaging facts on the economy and its fundamental principles.

PART 1 INTRODUCTION

(60)

Ten Principles of Economics

(16)

Thinking Like an Economist

(26)

Interdependence and the Gains from Trade

(16)

PART 2 SUPPLY AND DEMAND I: HOW MARKETS WORK

(74)

The Market Forces of Supply and Demand

(26)

Elasticity and Its Application

(24)

Supply, Demand, and Government Policies

113

(22)

PART 3 SUPPLY AND DEMAND II: MARKETS AND WELFARE

135

(66)

Consumers, Producers, and the Efficiency of Markets

137

(22)

Application: The Costs of Taxation

159

(16)

Application: International Trade

175

(26)

PART 4 THE ECONOMICS OF THE PUBLIC SECTOR

201

(40)

Externalities

203

(20)

Public Goods and Common Resources

223

(18)

PART 5 FIRM BEHAVIOR AND THE ORGANIZATION OF INDUSTRY

241

(80)

The Costs of Production

243

(22)

Firms in Competitive Markets

265

(24)

Monopoly

289

(32)

PART 6 THE DATA OF MACROECONOMICS

321

(38)

Measuring a Nation's Income

323

(20)

Measuring the Cost of Living

343

(16)

PART 7 THE REAL ECONOMY IN THE LONG RUN

359

(90)

Production and Growth

361

(24)

Saving, Investment, and the Financial System

385

(22)

The Basic Tools of Finance

407

(16)

Unemployment and Its Natural Rate

423

(26)

PART 8 MONEY AND PRICES IN THE LONG RUN

449

(48)

The Monetary System

451

(18)

Money Growth and Inflation

469

(28)

PART 9 SHORT-RUN ECONOMIC FLUCTUATIONS

497

(60)

Aggregate Demand and Aggregate Supply

499

(32)

The Influence of Monetary and Fiscal Policy on Aggregate Demand

531

(26)

Glossary

557

(6)

Index

563

Essentials of Economics (with Xtra!)

9780324171914

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Table of Contents