Principles of Economics

by MANKIW

• ISBN13: 9780030982385
• ISBN10: 0030982383
• Edition: 1st
• Format: Paperback
• Copyright: 1997-08-25
• Publisher: South-Western College Pub

Summary

His most recent book--"Principles of Economics"--is the most talked about economics text of our time and will likely teach the next generations of undergrads the laws of supply and demand. We're sure his columns for "Fortune" will be as informative and elegant.

Table of Contents

PART I INTRODUCTION	1	(59)
Ten Principles of Economics	3	(14)
Thinking Like an Economist	17	(28)
Interdependence and the Gains from Trade	45	(14)
PART II SUPPLY AND DEMAND I: HOW MARKETS WORK	59	(72)
The Market Forces of Supply and Demand	61	(28)
Elasticity and Its Application	89	(22)
Supply, Demand, and Government Policies	111	(20)
PART III SUPPLY AND DEMAND II: MARKETS AND WELFARE	131	(66)
Consumers, Producers, and the Efficiency of Markets	133	(22)
Application: The Costs of Taxation	155	(18)
Application: International Trade	173	(24)
PART IV THE ECONOMICS OF THE PUBLIC SECTOR	197	(64)
Externalities	199	(20)
Public Goods and Common Resources	219	(18)
The Design of the Tax System	237	(24)
PART V FIRM BEHAVIOR AND THE ORGANIZATION OF INDUSTRY	261	(120)
The Costs of Production	263	(20)
Firms in Competitive Markets	283	(20)
Monopoly	303	(34)
Oligopoly	337	(26)
Monopolistic Competition	363	(18)
PART VI THE ECONOMICS OF LABOR MARKETS	381	(64)
The Markets for the Factors of Production	383	(18)
Earnings and Discrimination	401	(20)
The Distribution of Income	421	(24)
PART VII ADVANCED TOPIC	445	(30)
The Theory of Consumer Choice	447	(28)
PART VIII THE DATA OF MACROECONOMICS	475	(38)
Measuring a Nation's Income	477	(18)
Measuring the Cost of Living	495	(18)
PART IX THE REAL ECONOMY IN THE LONG RUN	513	(76)
Production and Growth	515	(26)
Saving, Investment, and the Financial System	541	(24)
The Natural Rate of Unemployment	565	(24)
PART X MONEY AND PRICES IN THE LONG RUN	589	(46)
The Monetary System	591	(18)
Inflation: Its Causes and Costs	609	(26)
PART XI THE MACROECONOMICS OF OPEN ECONOMIES	635	(44)
Open-Economy Macroeconomics: Basic Concepts	637	(22)
A Macroeconomic Theory of the Open Economy	659	(20)
PART XII SHORT-RUN ECONOMIC FLUCTUATIONS	679	(78)
Aggregate Demand and Aggregate Supply	681	(26)
The Influence of Monetary and Fiscal Policy on Aggregate Demand	707	(26)
The Short-Run Tradeoff between Inflation and Unemployment	733	(24)
PART XIII FINAL THOUGHTS	757	(20)
Five Debates over Macroeconomic Policy	759	(18)
Glossary	777	(6)
Credits	783	(2)
Index	785