Principles of Economics

Gain a strong foundation in economics with today’s most popular economics text, trusted by students like you worldwide — Mankiw’s PRINCIPLES OF ECONOMICS, 10E. Using a clear, inviting writing style, this edition focuses exclusively on content to help you better understand the world and economy in which you live. You become a more astute participant in today’s economic environment as you learn the potential and limits of economic policy. The latest examples and learning features clarify and bring economic principles to life as author Gregory Mankiw puts himself in the position of someone seeing economics for the first time. Dr. Mankiw’s goal is to emphasize the material you will find most relevant and interesting as you study economics. MindTap digital resources, Aplia digital homework solution and author videos are also available to help you further master key economic principles.

Table of Contents

Chapter 1: Ten Principles of Economics

Chapter 2: Thinking Like an Economist

Appendix Graphing: A Brief Review

Chapter 3: Interdependence and the Gainsfrom Trade

Chapter 4: The Market Forces of Supply and Demand

Chapter 5: Elasticity and Its Application

Chapter 6: Supply. Demand, and Government Policies

Chapter 7: Consumers, Producers, and the Efficiency of Markets

Chapter 8: Application: The Costs of Taxation

Chapter 9: Application: International Trade

Chapter 10: Externalities

Chapter 11: Public Goods and Common Resources

Chapter 12: The Economics of Healthcare

Chapter 13: The Design of the Tax System

Chapter 14: The Costs of Production

Chapter 15: Firms in Competitive Markets

Chapter 16: Monopoly

Chapter 17: Monopolistic Competition

Chapter 18: Oligopoly

Chapter 19: The Markets for the Factors of Production

Chapter 20: Earnings and Discrimination

Chapter 21: Income Inequality and Poverty

Chapter 22: The Theory of Consumer Choice

Chapter 23: Frontiers of Microeconomics

Chapter 24: Measuring a Nation’s Income

Chapter 25: Measuring the Cost of Living

Chapter 26: Production and Growth

Chapter 27: Saving, Investment, and the Financial System

Chapter 28: The Basic Tools of Finance

Chapter 29: Unemployment

Chapter 30: The Monetary System

Chapter 31: Money Growth and Inflation

Chapter 32: Open-Economy Macroeconomics: Basic Concepts

Chapter 33: A Macroeconomic Theory of the Open Economy

Chapter 34: Aggregate Demand and Aggregate Supply

Chapter 35: The Influence of Monetary and Fiscal Policy on Aggregate Demand

Chapter 36: The Short-Run Trade-Off between Inflation and Unemployment

Chapter 37: Six Debates over Macroeconomic Policy

Chapter 38: Appendix: How Economists Use Data

About the Author

N. Gregory Mankiw is the Robert M. Beren Professor of Economics at Harvard University. For 14 years he taught EC10 Principles, the most popular course at Harvard. Dr. Mankiw studied economics at Princeton University and MIT. He 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. Dr. Mankiw’s articles have appeared in academic journals such as the American Economic Review, Journal of Political Economy and Quarterly Journal of Economics. His work has also appeared 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, Dr. Mankiw served as chairman of the Presidents Council of Economic Advisers.