The number one textbook for intermediate macroeconomics courses since its first edition, this title is known for conveying the cutting edge in macroeconomics theory, research, and policy to the classroom, explaining complex concepts with exceptional clarity.
This new edition is no exception, with Greg Mankiw streamlining his hallmark approach and adding powerful new digital learning options while improving the book's already exemplary focus on teaching students to apply the analytical tools of macroeconomics to current events and policies.
This comprehensive text is the ideal accompaniment to undergraduate courses in Macroeconomics.
Freakonomics essays apply economic analysis to common phenomena, including 3D printers and Yelp, helping to foster economic intuition
Figure It Out worked-out problems walk students through the process of how to use economic tools and analysis to think through a problem and develop its solution
Every chapter concludes with a Quick Quiz of six multiple-choice questions. Students can use these quizzes to immediately test their understanding of chapter material and to review for exams.
New to this Edition
A streamlined, focused revision. Always committed to brevity and clarity, Mankiw draws on extensive professional reviews, to keep the new edition focused on the topics most instructors consider essential
Condensed coverage of consumption and investment. The material on the microeconomic foundations of consumption and investment has been condensed into a single, more accessible chapter.
Table of Contents Part I: Introduction
1. The Science of Macroeconomics
2. The Data of Macroeconomics
Part II: Classical Theory: The Economy in the Long Run
3. National Income: Where It Comes From and Where It Goes
4. The Monetary System: What It Is and How It Works
5. Inflation: Its Causes, Effects, and Social Costs
6. The Open Economy
7. Unemployment and the Labor Market
Part III: Growth Theory: The Economy in the Very Long Run
8. Economic Growth I: Capital Accumulation and Population Growth
9. Economic Growth II: Technology, Empirics, and Policy
Part IV: Business Cycle Theory: The Economy in the Short Run
10. Introduction to Economic Fluctuations
11. Aggregate Demand I: Building the IS-LM Model
12. Aggregate Demand II: Applying the IS-LM Model
13. The Open Economy Revisited: The Mundell-Fleming Model and the Exchange-Rate Regime
14. Aggregate Supply and the Short-run Tradeoff Between Inflation and Unemployment
Part V: Topics in Macroeconomic Theory Policy
15. A Dynamic Model of Economic Fluctuations
16. Alternative Perspectives on Stabilization Policy
17. Government Debt and Budget Deficits
18. The Financial System: Opportunities and Dangers
19. The Microfoundations of Consumption and Investment
Epilogue: What We Know, What We Don’t.
N. Gregory Mankiw is the Robert M. Beren Professor of Economics at Harvard University. He began his study of economics at Princeton University, where he received an A.B. in 1980. After earning a Ph.D. in economics from MIT, he began teaching at Harvard in 1985 and was promoted to full professor in 1987. At Harvard, he has taught both undergraduate and graduate courses in macroeconomics. He is also author of the best-selling introductory textbook Principles of Economics (Cengage Learning).