Essentials Of Economics

by Mankiw, N. Gregory

• ISBN13: 9780324590029
• ISBN10: 0324590024
• Edition: 5th
• Format: Hardcover
• Copyright: 2008-09-27
• Publisher: South-Western College Pub

Summary

With its clear and engaging writing style, ESSENTIALS OF ECONOMICS, 5E, continues to be one of the most popular books on economics available today. Mankiw emphasizes material that you?re likely to find interesting about the economy (particularly if you?re studying economics for the first time), including real-life scenarios, useful facts, and the many ways economic concepts play a role in the decisions you make every day.

Table of Contents

Introduction

Ten Principles of Economics

Thinking Like an Economist

Interdependence and the Gains from Trade

How Markets Work

The Market Forces of Supply and Demand

Elasticity and Its Application

Supply, Demand, and Government Policies

Markets and Welfare

Consumers, Producers, and the Efficiency of Markets

Application: The Costs of Taxation

Application: International Trade

The Economics of The Public Sector

Externalities

Public Goods and Common Resources

Firm Behavior and The Organization of Industry

The Costs of Production

Firms in Competitive Markets

Monopoly

The Data of Macroeconomics

Measuring a Nation's Income

Measuring the Cost of Living

The Real Economy in the Long Run

Production and Growth

Saving, Investment, and the Financial System

The Basic Tools of Finance

Unemployment and Its Natural Rate

Money and Prices in the Long Run

The Monetary System

Money Growth and Inflation

Short-Run Economic Fluctuations

Aggregate Demand and Aggregate Supply

The Influence of Monetary and Fiscal Policy on Aggregate Demand

Glossary

Index

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