Principles of Economics

by Mankiw, N. Gregory

• ISBN13: 9780030259517
• ISBN10: 0030259517
• Edition: 2nd
• Format: Hardcover
• Copyright: 2000-06-09
• 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 principle texts by intriguing 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 ONE INTRODUCTION	1	(62)
Ten Principles of Economics	3	(16)
Thinking Like an Economist	19	(28)
Interdependence and the Gains from Trade	47	(16)
PART TWO SUPPLY AND DEMAND I: HOW MARKETS WORK	63	(76)
The Market Forces of Supply and Demand	65	(28)
Elasticity and Its Application	93	(24)
Supply, Demand, and Government Policies	117	(22)
PART THREE SUPPLY AND DEMAND II: MARKETS AND WELFARE	139	(64)
Consumers, Producers, and the Efficiency of Markets	141	(20)
Application: The Costs of Taxation	161	(18)
Application: International Trade	179	(24)
PART FOUR THE ECONOMICS OF THE PUBLIC SECTOR	203	(64)
Externalities	205	(20)
Public Goods and Common Resources	225	(18)
The Design of the Tax System	243	(24)
PART FIVE FIRM BEHAVIOR AND THE ORGANIZATION OF INDUSTRY	267	(128)
The Costs of Production	269	(22)
Firms in Competitive Markets	291	(24)
Monopoly	315	(34)
Oligopoly	349	(28)
Monopolistic Competition	377	(18)
PART SIX THE ECONOMICS OF LABOR MARKETS	395	(66)
The Markets for the Factors of Production	397	(20)
Earnings and Discrimination	417	(20)
Income Inequality and Poverty	437	(24)
PART SEVEN ADVANCED TOPIC	461	(30)
The Theory of Consumer Choice	463	(28)
PART EIGHT THE DATA OF MACROECONOMICS	491	(36)
Measuring a Nation's Income	493	(18)
Measuring the Cost of Living	511	(16)
PART NINE THE REAL ECONOMY IN THE LONG RUN	527	(78)
Production and Growth	529	(24)
Saving, Investment, and the Financial System	553	(26)
Unemployment and Its Natural Rate	579	(26)
PART TEN MONEY AND PRICES IN THE LONG RUN	605	(50)
The Monetary System	607	(20)
Money Growth and Inflation	627	(28)
PART ELEVEN THE MACROECONOMICS OF OPEN ECONOMIES	655	(44)
Open-Economy Macroeconomics: Basic Concepts	657	(22)
A Macroeconomic Theory of the Open Economy	679	(20)
PART TWELVE SHORT-RUN ECONOMIC FLUCTUATIONS	699	(90)
Aggregate Demand and Aggregate Supply	701	(32)
The Influence of Monetary and Fiscal Policy on Aggregate Demand	733	(28)
The Short-run Tradeoff between Inflation and Unemployment	761	(28)
PART THIRTEEN FINAL THOUGHTS	789	(22)
Five Debates over Macroeconomic Policy	791	(20)
Glossary	811	(10)
Index	821