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Principles of Macroeconomics
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Table of Contents

PART I: INTRODUCTION. 1. Ten Principles of Economics. 2. Thinking Like an Economist. 3. Interdependence and the Gains from Trade. PART II: HOW MARKETS WORK. 4. The Market Forces of Supply and Demand. 5. Elasticity and Its Application. 6. Supply, Demand, and Government Policies. PART III: MARKETS AND WELFARE. 7. Consumers, Producers, and the Efficiency of Markets. 8. Application: The Costs of Taxation. 9. Application: International Trade. PART IV: THE DATA OF MACROECONOMICS. 10. Measuring a Nation's Income. 11. Measuring the Cost of Living. PART V: THE REAL ECONOMY IN THE LONG RUN. 12. Production and Growth. 13. Saving, Investment, and the Financial System. 14. The Basic Tools of Finance. 15. Unemployment and Its Natural Rate. PART VI: MONEY AND PRICES IN THE LONG RUN. 16. The Monetary System. 17. Money Growth and Inflation. PART VII: THE MACROECONOMICS OF OPEN ECONOMICS. 18. Open-Economy Macroeconomics: Basic Concepts. 19. A Macroeconomic Theory of the Open Economy. PART VIII: SHORT-RUN ECONOMIC FLUCTUATIONS. 20. Aggregate Demand and Aggregate Supply. 21. The Influence of Monetary and Fiscal Policy on Aggregate Demand. 22. The Short-Run Tradeoff between Inflation and Unemployment. PART IX: FINAL THOUGHTS. 23. Six Debates over Macroeconomic Policy. Glossary. Index.

About the Author

N. Gregory Mankiw is Robert M. Beren Professor of Economics at Harvard University. He studied economics at Princeton University and MIT. Dr. Mankiw is a prolific writer and a regular participant in academic and policy debates. His research includes work on price adjustment, consumer behavior, financial markets, monetary and fiscal policy, and economic growth. His published articles have appeared in academic journals, such as the American Economic Review, Journal of Political Economy, and Quarterly Journal of Economics, and in more widely accessible forums, including The New York Times, The Washington Post, The Wall Street Journal, and Fortune. Dr. Mankiw has been a research associate of the National Bureau of Economic Research, an adviser to the Federal Reserve Bank of Boston and the Congressional Budget Office, and a member of the ETS test development committee for the advanced placement exam in economics. From 2003 to 2005, he served as chairman of the President's Council of Economic Advisers.

Reviews

"We used to use Case and Fair's text. Mankiw seems to be a better text because it actually follows through with giving applications to what he includes in the book. For example, there is much better material in Mankiw about consumer surplus, producer surplus, government policies and interventions in the market." "Very student friendly text. Makes economics easy to understand. Some of the other texts would take a lot of reading to explain an idea." "I think it is more reader friendly than other texts. In addition, it uses both numeric and/or graphical examples, which is very useful for the students."

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