Study Guide for Mankiw’s Principles of Economics, 4th

by Mankiw, N. Gregory

• ISBN13: 9780324319026
• ISBN10: 0324319029
• Edition: 4th
• Format: Study Guide
• Copyright: 2006-02-24
• Publisher: South-Western College Pub

Summary

David R. Hakes (University of Northern Iowa) has prepared a study guide that will enhance student success. Each chapter of the study guide includes learning objectives, a description of the chapter?s context and purpose, a chapter review, key terms and definitions, advanced critical thinking questions, and helpful hints for understanding difficult concepts. Students can develop their understanding by doing the practice problems and short answer question, then assess their mastery of the key concepts with the self-test, which includes true/false and multiple choice questions.

Table of Contents

Ten Principles of Economics	p. 1
Thinking Like an Economist	p. 15
Interdependence and the Gains from Trade	p. 35
The Market Forces of Supply and Demand	p. 53
Elasticity and Its Application	p. 69
Supply, Demand, and Government Policies	p. 85
Consumers, Producers, and the Efficiency of Markets	p. 101
Application: The Costs of Taxation	p. 117
Application: International Trade	p. 131
Externalities	p. 149
Public Goods and Common Resources	p. 165
The Design of the Tax System	p. 179
The Costs of Production	p. 193
Firms in Competitive Markets	p. 211
Monopoly	p. 227
Oligopoly	p. 245
Monopolistic Competition	p. 261
The Markets for the Factors of Production	p. 277
Earnings and Discrimination	p. 295
Income Inequality and Poverty	p. 311
The Theory of Consumer Choice	p. 329
Frontiers of Microeconomics	p. 345
Measuring a Nation's Income	p. 365
Measuring the Cost of Living	p. 381
Production and Growth	p. 397
Saving, Investment, and the Financial System	p. 411
The Basic Tools of Finance	p. 429
Unemployment	p. 445
The Monetary System	p. 461
Money Growth and Inflation	p. 477
Open-Economy Macroeconomics: Basic Concepts	p. 495
A Macroeconomic Theory of the Open Economy	p. 511
Aggregate Demand and Aggregate Supply	p. 527
The Influence of Monetary and Fiscal Policy on Aggregate Demand	p. 547
The Short-Run Trade-off between Inflation and Unemployment	p. 565
Five Debates over Macroeconomic Policy	p. 583
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