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Part I: INTRODUCTION
1. Ten Principles of Economics
2. Thinking Like an Economist
3. Interdependence and the Gains from Trade
Part II: HOW MARKETS WORK
4. The Market Forces of Supply and Demand
5. Elasticity and Its Application
6. Supply, Demand, and Government Policies
Part III: MARKETS AND WELFARE
7. Consumers, Producers, and the Efficiency of Markets
8. Application: The Costs of Taxation
9. Application: International Trade
Part IV: THE DATA OF MACROECONOMICS
10. Measuring a Nation’s Income
11. Measuring the Cost of Living
Part V: THE REAL ECONOMY IN THE LONG RUN
12. Production and Growth
13. Saving, Investment, and the Financial System
14. The Basic Tools of Finance
15. Unemployment and Its Natural Rate
Part VI: MONEY AND PRICES IN THE LONG RUN
16. The Monetary System
17. Money Growth and Inflation
Part VII: THE MACROECONOMICS OF OPEN ECONOMICS
18. Open-Economy Macroeconomics: Basic Concepts
19. A Macroeconomic Theory of the Open Economy
Part VIII: SHORT-RUN ECONOMIC FLUCTUATIONS
20. Aggregate Demand and Aggregate Supply
21. The Influence of Monetary and Fiscal Policy on Aggregate Demand
22. The Short-Run Tradeoff between Inflation and Unemployment
Part IX: FINAL THOUGHTS
23. Six Debates over Macroeconomic Policy
Glossary
Index
N. Gregory Mankiw
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 President’s Council of Economic Advisers.
