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About the Book :About the Book :PRINCIPLES OF ECONOMICS, Sixth Edition, became a best seller after its introduction and continues to be the most popular and widely used text in the economics classroom. Instructors found it the perfect complement to their teaching. A text by a superb writer and economist that stressed the most important concepts without overwhelming students with an excess of detail was a formula that was quickly imitated, but has yet to be matched. The sixth edition features a strong revision of content in all thirty-six chapters. Dozens of new applications emphasize the real-world relevance of economics for todays students through interesting news articles, realistic case studies, and engaging problems. The premier ancillary package is the most extensive in the industry, using a team of instructors/preparers that have been with the project since the first edition. The text material is again fully integrated into Aplia, the best-selling online homework solution. About the Author :N. Gregory Mankiw is Professor of Economics at Harvard University. He has taught macroeconomics, microeconomics, statistics, and principles of economics. 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 including THE NEW YORK TIMES, THE WASHINGTON POST, THE WALL STREET JOURNAL, and FORTUNE. 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.Contents :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. Applications: The Costs of Taxation.9. Application: International Trade.PART IV: THE ECONOMICS OF THE PUBLIC SECTOR.10. Externalities.11. Public Goods and Common Resources.12. The Design of the Tax System.PART V: FIRM BEHAVIOR AND THE ORGANIZATION OF INDUSTRY.13. The Costs of Production.14. Firms in Competitive Markets.15. Monopoly.16. Monopolistic Competition.17. Oligopoly.PART VI: THE ECONOMICS OF THE LABOR MARKET.18. The Markets for the Factors of Production.19. Earnings and Discrimination.20. Income Inequality and Poverty.PART VII: TOPICS FOR FURTHER STUDY.21. The Theory of Consumer Choice.22. Frontiers in Microeconomics.PART VIII: THE DATA OF MACROECONOMICS.23. Measuring a Nations Income.24. Measuring the Cost of Living.PART IX: THE REAL ECONOMY IN THE LONG RUN.25. Production and Growth.26. Saving, Investment, and the Financial System.27. Tools of Finance.28. Unemployment and Its Natural Rate.PART X: MONEY AND PRICES IN THE LONG RUN.29. The Monetary System.30. Money Growth and Inflation.PART XI: THE MACROECONOMICS OF OPEN ECONOMICS.31. Open-Economy Macroeconomics: Basic Concepts.32. A Macroeconomic Theory of the Open Economy.PART XII: SHORT-RUN ECONOMIC FLUCTUATIONS.33. Aggregate Demand and Aggregate Supply.34. The Influence of Monetary and Fiscal Policy on Aggregate Demand.35. The Short-Run Tradeoff between Inflation and Unemployment.PART XIII: FINAL THOUGHTS.36. Six Debates over Macroeconomic PolicyAbout the Author :N. Gregory Mankiw is Professor of Economics at Harvard University. He has taught macroeconomics, microeconomics, statistics, and principles of economics. 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 including THE NEW YORK TIMES, THE WASHINGTON POST, THE WALL STREET JOURNAL, and FORTUNE. 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.Contents :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. Applications: The Costs of Taxation.9. Application: International Trade.PART IV: THE ECONOMICS OF THE PUBLIC SECTOR.10. Externalities.11. Public Goods and Common Resources.12. The Design of the Tax System.PART V: FIRM BEHAVIOR AND THE ORGANIZATION OF INDUSTRY.13. The Costs of Production.14. Firms in Competitive Markets.15. Monopoly.16. Monopolistic Competition.17. Oligopoly.PART VI: THE ECONOMICS OF THE LABOR MARKET.18. The Markets for the Factors of Production.19. Earnings and Discrimination.20. Income Inequality and Poverty.PART VII: TOPICS FOR FURTHER STUDY.21. The Theory of Consumer Choice.22. Frontiers in Microeconomics.PART VIII: THE DATA OF MACROECONOMICS.23. Measuring a Nations Income.24. Measuring the Cost of Living.PART IX: THE REAL ECONOMY IN THE LONG RUN.25. Production and Growth.26. Saving, Investment, and the Financial System.27. Tools of Finance.28. Unemployment and Its Natural Rate.PART X: MONEY AND PRICES IN THE LONG RUN.29. The Monetary System.30. Money Growth and Inflation.PART XI: THE MACROECONOMICS OF OPEN ECONOMICS.31. Open-Economy Macroeconomics: Basic Concepts.32. A Macroeconomic Theory of the Open Economy.PART XII: SHORT-RUN ECONOMIC FLUCTUATIONS.33. Aggregate Demand and Aggregate Supply.34. The Influence of Monetary and Fiscal Policy on Aggregate Demand.35. The Short-Run Tradeoff between Inflation and Unemployment.PART XIII: FINAL THOUGHTS.36. Six Debates over Macroeconomic Policy

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