Macroeconomics (10th Edition)

October 29, 2020
Macroeconomics (10th Edition)

Mankiw’s Macroeconomics has been the number one bookfor the intermediate macro course since the publication of thefirst edition. It maintains that bestselling status by continuallybringing the leading edge of macroeconomics theory, research, andpolicy to the classroom, explaining complex concepts withexceptional clarity. This new edition is no exception, with GregMankiw adding emerging macro topics and frontline empiricalresearch studies, while improving the book's already exemplaryfocus on teaching students to apply the analytical tools ofmacroeconomics to current events and policies.From the preface: "An economist must be'mathematician, historian, statesman, philosopher, in some degree .. . as aloof and incorruptible as an artist, yet sometimes as nearto earth as a politician.' So remarked John Maynard Keynes, thegreat British economist who could be called the father ofmacroeconomics. No single statement summarizes better what it meansto be an economist."As Keynes suggests, students learning economics must draw onmany disparate talents. The job of helping students develop thesetalents falls to instructors and textbook authors. My goal for thisbook is to make macroeconomics understandable, relevant, and(believe it or not) fun. Those of us who have chosen to bemacroeconomists have done so because we are fascinated by thefield. More important, we believe that the study of macroeconomicscan illuminate much about the world and that the lessons learned,if properly applied, can make the world a better place. I hope thisbook conveys not only our profession's wisdom but alsoits enthusiasm and sense of purpose...."Contents:Media and Resources from Worth PublishersPrelude: Celebrating the Tenth EditionPrefacePart I: Introduction1 The Science of Macroeconomics2 The Data of MacroeconomicsPart II: Classical Theory: TheEconomy in the Long Run3 National Income: Where it Comes From and Where It Goes4 The Monetary System: What It Is and How It Works5 Inflation: Its Causes, Effects, and Social Costs6 The Open Economy7 Unemployment and the Labor MarketPart III: Growth Theory: TheEconomy in the Very Long Run8 Economic Growth I: Capital Accumulation and Population Growth9 Economic Growth II: Technology, Empirics, and PolicyPart IV: Business Theory: TheEconomy in the Short Run10 Introduction to Economic Fluctuations11 Aggregate Demand I: Building the IS-LM Model12 Aggregate Demand II: Applying the IS-LM Model13 The Opening Economy Revisited: The Mundell-Fleming Model and theExchange-Rate Machine14 Aggregate Supply and the Short-Run Tradeoff Between Inflationand UnemploymentPart V: Topics in MacroeconomicTheory and Policy15 A Dynamic Model of Economic Fluctuations16 Alternative Perspectives on Stabilization Policy17 Government Debt and Budget Deficits18 The Financial System: Opportunities and Dangers19 The Microfoundations of Consumption and InvestmentEpilogue: What We Know and What WeDon'tGlossaryIndex