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Brief Principles of Macroeconomics 9th Edition
Brief Principles of Macroeconomics Ninth Edition:
Additional ISBNs:
∗ eText ISBN: 0357133897, 978-0357133897, 9780357133897
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Brief Principles of Macroeconomics 9th Edition:
About the Author
Preface: To the Instructor
Brief Contents
Contents
Preface: To the Student
Chapter 1: Ten Principles of Economics
1-1 How People Make Decisions
1-2 How People Interact
1-3 How the Economy as a Whole Works
1-4 Conclusion
Chapter in a Nutshell
Key Concepts
Questions for Review
Problems and Applications
Chapter 2: Thinking Like an Economist
2-1 The Economist as Scientist
2-2 The Economist as Policy Adviser
2-3 Why Economists Disagree
2-4 Let’s Get Going
Chapter in a Nutshell
Key Concepts
Questions for Review
Problems and Applications
Appendix Graphing: A Brief Review
Chapter 3: Interdependence and the Gains from Trade
3-1 A Parable for the Modern Economy
3-2 Comparative Advantage: The Driving Force of Specialization
3-3 Applications of Comparative Advantage
3-4 Conclusion
Chapter in a Nutshell
Key Concepts
Questions for Review
Problems and Applications
Chapter 4: The Market Forces of Supply and Demand
4-1 Markets and Competition
4-2 Demand
4-3 Supply
4-4 Supply and Demand Together
4-5 Conclusion: How Prices Allocate Resources
Chapter in a Nutshell
Key Concepts
Questions for Review
Problems and Applications
Chapter 5: Measuring a Nation’s Income
5-1 The Economy’s Income and Expenditure
5-2 The Measurement of GDP
5-3 The Components of GDP
5-4 Real versus Nominal GDP
5-5 Is GDP a Good Measure of Economic Well-Being?
5-6 Conclusion
Chapter in a Nutshell
Key Concepts
Questions for Review
Problems and Applications
Chapter 6: Measuring the Cost of Living
6-1 The Consumer Price Index
6-2 Correcting Economic Variables for the Effects of Inflation
6-3 Conclusion
Chapter in a Nutshell
Key Concepts
Questions for Review
Problems and Applications
Chapter 7: Production and Growth
7-1 Economic Growth around the World
7-2 Productivity: Its Role and Determinants
7-3 Economic Growth and Public Policy
7-4 Conclusion: The Importance of Long-Run Growth
Chapter in a Nutshell
Key Concepts
Questions for Review
Problems and Applications
Chapter 8: Saving, Investment, and the Financial System
8-1 Financial Institutions in the U.S. Economy
8-2 Saving and Investment in the National Income Accounts
8-3 The Market for Loanable Funds
8-4 Conclusion
Chapter in a Nutshell
Key Concepts
Questions for Review
Problems and Applications
Chapter 9: The Basic Tools of Finance
9-1 Present Value: Measuring the Time Value of Money
9-2 Managing Risk
9-3 Asset Valuation
9-4 Conclusion
Chapter in a Nutshell
Key Concepts
Questions for Review
Problems and Applications
Chapter 10: Unemployment
10-1 Identifying Unemployment
10-2 Job Search
10-3 Minimum-Wage Laws
10-4 Unions and Collective Bargaining
10-5 The Theory of Efficiency Wages
10-6 Conclusion
Chapter in a Nutshell
Key Concepts
Questions for Review
Problems and Applications
Chapter 11: The Monetary System
11-1 The Meaning of Money
11-2 The Federal Reserve System
11-3 Banks and the Money Supply
11-4 The Fed’s Tools of Monetary Control
11-5 Conclusion
Chapter in a Nutshell
Key Concepts
Questions for Review
Problems and Applications
Chapter 12: Money Growth and Inflation
12-1 The Classical Theory of Inflation
12-2 The Costs of Inflation
12-3 Conclusion
Chapter in a Nutshell
Key Concepts
Questions for Review
Problems and Applications
Chapter 13: Open-Economy Macroeconomics: Basic Concepts
13-1 The International Flows of Goods and Capital
13-2 The Prices for International Transactions: Real and Nominal Exchange Rates
13-3 A First Theory of Exchange-Rate Determination: Purchasing-Power Parity
13-4 Conclusion
Chapter in a Nutshell
Key Concepts
Questions for Review
Problems and Applications
Chapter 14: A Macroeconomic Theory of the Open Economy
14-1 Supply and Demand for Loanable Funds and for Foreign-Currency Exchange
14-2 Equilibrium in the Open Economy
14-3 How Policies and Events Affect an Open Economy
14-4 Conclusion
Chapter in a Nutshell
Key Concepts
Questions for Review
Problems and Applications
Chapter 15: Aggregate Demand and Aggregate Supply
15-1 Three Key Facts about Economic Fluctuations
15-2 Explaining Short-Run Economic Fluctuations
15-3 The Aggregate-Demand Curve
15-4 The Aggregate-Supply Curve
15-5 Two Causes of Economic Fluctuations
15-6 Conclusion
Chapter in a Nutshell
Key Concepts
Questions for Review
Problems and Applications
Chapter 16: The Influence of Monetary and Fiscal Policy on Aggregate Demand
16-1 How Monetary Policy Influences Aggregate Demand
16-2 How Fiscal Policy Influences Aggregate Demand
16-3 Using Policy to Stabilize the Economy
16-4 Conclusion
Chapter in a Nutshell
Key Concepts
Questions for Review
Problems and Applications
Chapter 17: The Short-Run Trade-Off between Inflation and Unemployment
17-1 The Phillips Curve
17-2 Shifts in the Phillips Curve: The Role of Expectations
17-3 Shifts in the Phillips Curve: The Role of Supply Shocks
17-4 The Cost of Reducing Inflation
17-5 Conclusion
Chapter in a Nutshell
Key Concepts
Questions for Review
Problems and Applications
Chapter 18: Six Debates over Macroeconomic Policy
18-1 Should Monetary and Fiscal Policymakers Try to Stabilize the Economy?
18-2 Should the Government Fight Recessions with Spending Hikes Rather Than Tax Cuts?
18-3 Should Monetary Policy Be Made by Rule Rather Than by Discretion?
18-4 Should the Central Bank Aim for Zero Inflation?
18-5 Should the Government Balance Its Budget?
18-6 Should the Tax Laws Be Reformed to Encourage Saving?
18-7 Conclusion
Chapter in a Nutshell
Questions for Review
Problems and Applications
Glossary
Index
N. Gregory Mankiw
N. Gregory Mankiw is the Robert M. Beren Professor of Economics at Harvard University. As a student, he studied economics at Princeton University and MIT. As a teacher, he has taught macroeconomics, microeconomics, statistics, and principles of economics. He even spent one summer long ago as a sailing instructor on Long Beach Island.
Professor Mankiw 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. His published articles have appeared in academic journals, such as the “American Economic Review”, “Journal of Political Economy”, and “Quarterly Journal of Economics”, and in more widely accessible forums, such as “The New York Times”, “The Washington Post”, and “The Wall Street Journal.”
He has written two popular textbooks–the intermediate-level textbook Macroeconomics (Worth Publishers) and the introductory textbook Principles of Economics (Cengage Learning). Principles of Economics has sold over two million copies and has been translated into twenty languages.
In addition to his teaching, research, and writing, Professor 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 he served as Chairman of the President’s Council of Economic Advisers.
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