Principles of Economics + Xtra Card

by MANKIW

• ISBN13: 9780324168624
• ISBN10: 0324168624
• Edition: 3rd
• Format: Paperback
• Copyright: 2003-02-19
• Publisher: South-Western College Pub

Summary

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.

Table of Contents

PART 1 INTRODUCTION	1	(61)
Ten Principles of Economics	3	(16)
Thinking Like an Economist	19	(26)
Interdependence and the Gains from Trade	45	(16)
PART 2 SUPPLY AND DEMAND I: HOW MARKETS WORK	61	(74)
The Market Forces of Supply and Demand	63	(26)
Elasticity and Its Application	89	(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	(64)
Externalities	203	(20)
Public Goods and Common Resources	223	(18)
The Design of the Tax System	241	(24)
PART 5 FIRM BEHAVIOR AND THE ORGANIZATION OF INDUSTRY	265	(124)
The Costs of Production	267	(22)
Firms in Competitive Markets	289	(24)
Monopoly	313	(32)
Oligopoly	345	(28)
Monopolistic Competition	373	(16)
PART 6 THE ECONOMICS OF LABOR MARKETS	389	(62)
The Markets for the Factors of Production	391	(20)
Earnings and Discrimination	411	(18)
Income Inequality and Poverty	429	(22)
PART 7 TOPICS FOR FURTHER STUDY	451	(46)
The Theory of Consumer Choice	453	(26)
Frontiers of Microeconomics	479	(18)
PART 8 THE DATA OF MACROECONOMICS	497	(38)
Measuring a Nation's Income	499	(20)
Measuring the Cost of Living	519	(16)
PART 9 THE REAL ECONOMY IN THE LONG RUN	535	(90)
Production and Growth	537	(24)
Saving, Investment, and the Financial System	561	(22)
The Basic Tools of Finance	583	(16)
Unemployment and Its Natural Rate	599	(26)
PART 10 MONEY AND PRICES IN THE LONG RUN	625	(48)
The Monetary System	627	(18)
Money Growth and Inflation	645	(28)
PART 11 THE MACROECONOMICS OF OPEN ECONOMIES	673	(48)
Open-Economy Macroeconomics: Basic Concepts	675	(22)
A Macroeconomic Theory of the Open Economy	697	(24)
PART 12 SHORT-RUN ECONOMIC FLUCTUATIONS	721	(88)
Aggregate Demand and Aggregate Supply	723	(32)
The Influence of Monetary and Fiscal Policy on Aggregate Demand	755	(26)
The Short-Run Tradeoff between Inflation and Unemployment	781	(28)
PART 13 FINAL THOUGHTS	809	(20)
Five Debates over Macroeconomic Policy	811	(18)
Glossary	829	(6)
Index	835