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Principles of Economics (ISBN 9780538453059) remains one of the best textbooks in the market because of its interesting approach. N. Gregory Mankiw (a professor of economics at Harvard University) managed to fill the book with a lot of information without overwhelming readers with jargon. This critically acclaimed reference is widely used even by...
Principles of Economics (ISBN 9780538453059) remains one of the best textbooks in the market because of its interesting approach. N. Gregory Mankiw (a professor of economics at Harvard University) managed to fill the book with a lot of information without overwhelming readers with jargon. This critically acclaimed reference is widely used even by non-economics majors. The author shows useful facts and real-life scenarios to present how economics applies to everyday life. The book starts off with an introduction to the 10 principles of economics, and how to think like an economist. It teaches students all about how the markets work, markets and welfare, the economics of the public sector, firm behavior and the organization of industry, and the economics of the labor market. It provides interesting insights on money and prices, the macroeconomics of open economics, and short-run economic fluctuations. Author N. Gregory Mankiw also explains the cost of production, measuring a nation's income and cost of living, the market forces of supply and demand, and elasticity and its application. Principles of Economics features updated test questions and problems that are more relevant to current issues, including the financial crisis. The online study program and web tutors allow self study and assessment. Instructors also have access to exclusive videos and PowerPoint slides. Mankiw studied economics at MIT and Princeton University. He teaches macro and microeconomics, principles of economics, and statistics. He is also known for his other best-selling book – Macroeconomics (published by Worth Publishers) – which is designed for intermediate-level university learners.
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