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N. Gregory Mankiw's Brief Principles of Macroeconomics, ISBN 9780538453073 is one of the best-selling economics textbooks on the market boasting an easy-to-understand and appealing writing style. This text recognizes three important reasons for students to explore economics-to help them understand the world in which they live, to make them more perceptive...
N. Gregory Mankiw's Brief Principles of Macroeconomics, ISBN 9780538453073 is one of the best-selling economics textbooks on the market boasting an easy-to-understand and appealing writing style. This text recognizes three important reasons for students to explore economics-to help them understand the world in which they live, to make them more perceptive participants in society, and to give a better understanding of both the potential and the limits of economic policy. In combination with the effective features included within the text, a wonderfully innovative and interactive self-study tool is also integrated to further enhance the skill application process. CourseMate offers users access to videos, quizzes, news, debates, and data, flashcards, as well as graphing tutorials. Mankiw strategically organizes Brief Principles of Macroeconomics into 8 parts across 18 chapters. Part I serves as an 'Introduction' with chapters devoted to the ten principles of economics, thinking like an economist, as well as interdependence and the gains from trade. Part II entitled 'How Markets Work' explores the economic concept of the market forces of supply and demand. 'The Data of Macroeconomics' is the topic of choice in part III with chapters devoted to measuring a nation's economy and measuring the cost of living. Part IV looks at 'The Real Economy in the Long Run' and includes chapters on the topics of production and growth, saving, investment, and the financial system, basic tools of finance, and unemployment and its natural rate. Part V, 'Money and Prices in the Long Run' incorporates chapters on the monetary system as well as money growth and inflation. 'The Macroeconomics of Open Economies' is the focus of part VI with chapters devoted to basic concepts of open-economy macroeconomics and a macroeconomic theory of the open economy. Part VII entitled 'Short-Run Economic Fluctuations' integrates chapters on aggregate demand and supply, the influence of monetary and fiscal policy on aggregate demand, as well as the short-run tradeoff between inflation and unemployment. Finally, this text concludes with part VIII, 'Final Thoughts,' with a look at six debates over macroeconomic policy.
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