Macroeconomics

An expert reference on macroeconomics, Gregory Mankiw's Macroeconomics (ISBN 9781429218870) is still one of the most widely used materials on the subject, even after 7 editions. The book makes core concepts accessible with its concise and easy to read style, carefully balancing the classical theories and modern practice. This edition has been updated with brand new case studies that are more relevant in this day and age. Mankiw breaks down Macroeconomics into 20 comprehensive chapters. Chapters 1 and 2 are dedicated to the science and data of macroeconomics, followed by chapter 3, which talks about national income. The fourth chapter delves into money and inflection, followed by a discussion on the open economy and unemployment. Two chapters are dedicated to economic growth, followed by an introduction to economic fluctuations. Aggregate Demand is also discussed in two parts—for building and applying the IS-LM model. Chapter 12 revisits the open economy, focusing on the exchange-rate regime and Mendel-Fleming model. The next section is all about aggregate supply, followed by the model of aggregate supply and demand. Chapter 15 tackles the stabilization policy, followed by discussions on government debt, budget deficits, consumption, investment and the banking system. The book concludes with a chapter entitled, ‘What We Know, What We Don't,' which talks about what the future holds for macroeconomics. Nicholas Gregory Mankiw is a recognized professor and macroeconomist. He has written several bestsellers, including Principles of Economics. His personal blog is also ranked as the #1 economics blog by the US Economics Professor's Survey. He is also among the most popularly cited economists in the world, and has written many other texts including Essentials of Economics, Macroeconomics and the Financial System, and Brief Principles of Macroeconomics, all of which have been published in multiple editions.