Principles of Macroeconomics

by Mankiw, N. Gregory

• ISBN13: 9780030270178
• ISBN10: 0030270170
• Edition: 2nd
• Format: Paperback
• Copyright: 2000-06-02
• 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 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	(63)
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 DATA OF MACROECONOMICS	203	(36)
Measuring a Nation's Income	205	(18)
Measuring the Cost of Living	223	(16)
PART FIVE THE REAL ECONOMY IN THE LONG RUN	239	(78)
Production and Growth	241	(24)
Saving, Investment, and the Financial System	265	(26)
Unemployment and Its Natural Rate	291	(26)
PART SIX MONEY AND PRICES IN THE LONG RUN	317	(50)
The Monetary System	319	(20)
Money Growth and Inflation	339	(28)
PART SEVEN THE MACROECONOMICS OF OPEN ECONOMIES	367	(44)
Open-Economy Macroeconomics: Basic Concepts	369	(22)
A Macroeconomic Theory of the Open Economy	391	(20)
PART EIGHT SHORT-RUN ECONOMIC FLUCTUATIONS	411	(90)
Aggregate Demand and Aggregate Supply	413	(32)
The Influence of Monetary and Fiscal Policy on Aggregate Demand	445	(28)
The Short-run Tradeoff between Inflation and Unemployment	473	(28)
PART NINE FINAL THOUGHTS	501	(22)
Five Debates over Macroeconomic Policy	503	(20)
Glossary	523	(6)
Index	529