Much revered for its friendly and accessible approach, emphasis on active learning, and unrivalled support resources, this edition also has an improved structure to ensure the text aligns even more closely with your course. The new edition incorporates additional coverage of a number of key topics including the rapidly developing ‘gig economy’ and the future of the European Union, to help develop your understanding of Brexit and its potential impact on economics.
- A thorough and accessible presentation of all the core principles of economics to help you learn how to think like an economist and develop a clearer perspective on today’s events.
- Learn how academics across the profession are engaged in a lively debate about the future direction of economics as a discipline to enhance your understanding and your critical thinking skills.
PART 1 Introduction to economics
1 What is economics?
2 Thinking like an economist
3 The market forces of supply and demand
PART 2 The Data of Macroeconomics
4 Measuring a nation’s well-being and the price level
PART 3 The Real Economy in the Long Run
5 Production and growth
6 Unemployment and the labour market
PART 4 Long-Run Macroeconomics
7 Saving, investment and the financial system
8 The monetary system
9 Open-economy macroeconomics
PART 5 Short-Run Economic Fluctuations
10 Business cycles
11 Keynesian economics and IS–LM analysis
12 Aggregate demand and aggregate supply
13 The influence of monetary and fiscal policy on aggregate demand
14 The short-run trade-off between inflation and unemployment
15 Supply-side policies
Part 6 International Macroeconomics
16 The causes and aftermath of the financial crisis
17 Common currency areas
18 The future of the European Union
N. GREGORY MANKIW
N. GREGORY MANKIW is the Robert M. Beren Professor of Economics at Harvard University.
MARK P. TAYLOR
MARK P. TAYLOR is Dean of John M Olin Business School at Washington University, US, and was previously Dean of Warwick Business School at the University of Warwick, UK.
CONTRIBUTING AUTHOR
ANDREW ASHWIN
