
Principles of Economics
7th Edition
7th Edition
by N. Gregory Mankiw
Copyright © 2015
South Western/Cengage Learning
South Western/Cengage Learning
Table of Content:
Part I Introduction 11 Ten Principles of Economics 3
2 Thinking Like an Economist 19
3 Interdependence and the Gains from Trade 47
Part II How Markets Work 63
4 The Market Forces of Supply and Demand 65
5 Elasticity and Its Application 89
6 Supply, Demand, and Government Policies 111
Part III Markets and Welfare 133
7 Consumers, Producers, and the Efficiency of Markets 135
8 Application: The Costs of Taxation 155
9 Application: International Trade 171
Part IV The Economics of the Public Sector 193
10 Externalities 195
11 Public Goods and Common Resources 215
12 The Design of the Tax System 233
Part V Firm Behavior and the Organization of Industry 257
13 The Costs of Production 259
14 Firms in Competitive Markets 279
15 Monopoly 299
16 Monopolistic Competition 329
17 Oligopoly 347
Part VI The Economics of Labor Markets 371
18 The Markets for the Factors of Production 373
19 Earnings and Discrimination 395
20 Income Inequality and Poverty 413
Part VII Topics for Further Study 433
21 The Theory of Consumer Choice 435
22 Frontiers of Microeconomics 461
Part VIII The Data of Macroeconomics 481
23 Measuring a Nation’s Income 483
24 Measuring the Cost of Living 505
Part IX The Real Economy in the Long Run 521
25 Production and Growth 523
26 Saving, Investment, and the Financial System 547
27 The Basic Tools of Finance 569
28 Unemployment 585
Part X Money and Prices in the Long Run 607
29 The Monetary System 609
30 Money Growth and Inflation 633
Part XI The Macroeconomics of Open Economies 657
31 Open-Economy Macroeconomics: Basic Concepts 659
32 A Macroeconomic Theory of the Open Economy 683
Part XII Short-Run Economic Fluctuations 705
33 Aggregate Demand and Aggregate Supply 707
34 The Influence of Monetary and Fiscal Policy on Aggregate Demand 745
35 The Short-Run Trade-off between Inflation and Unemployment 769
Part XIII Final Thoughts 793
36 Six Debates over Macroeconomic Policy 795
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