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

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  • Edition: 4th
  • Format: Study Guide
  • Copyright: 2006-02-24
  • Publisher: South-Western College Pub
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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 Economicsp. 1
Thinking Like an Economistp. 15
Interdependence and the Gains from Tradep. 35
The Market Forces of Supply and Demandp. 53
Elasticity and Its Applicationp. 69
Supply, Demand, and Government Policiesp. 85
Consumers, Producers, and the Efficiency of Marketsp. 101
Application: The Costs of Taxationp. 117
Application: International Tradep. 131
Externalitiesp. 149
Public Goods and Common Resourcesp. 165
The Design of the Tax Systemp. 179
The Costs of Productionp. 193
Firms in Competitive Marketsp. 211
Monopolyp. 227
Oligopolyp. 245
Monopolistic Competitionp. 261
The Markets for the Factors of Productionp. 277
Earnings and Discriminationp. 295
Income Inequality and Povertyp. 311
The Theory of Consumer Choicep. 329
Frontiers of Microeconomicsp. 345
Measuring a Nation's Incomep. 365
Measuring the Cost of Livingp. 381
Production and Growthp. 397
Saving, Investment, and the Financial Systemp. 411
The Basic Tools of Financep. 429
Unemploymentp. 445
The Monetary Systemp. 461
Money Growth and Inflationp. 477
Open-Economy Macroeconomics: Basic Conceptsp. 495
A Macroeconomic Theory of the Open Economyp. 511
Aggregate Demand and Aggregate Supplyp. 527
The Influence of Monetary and Fiscal Policy on Aggregate Demandp. 547
The Short-Run Trade-off between Inflation and Unemploymentp. 565
Five Debates over Macroeconomic Policyp. 583
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