Principles of Economics 7th Edition by Gregory Mankiw ISBN 128516587X 9781285165875

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ISBN 10: 128516587X 
ISBN 13: 9781285165875
Author: Gregory Mankiw

With its clear and engaging writing style, PRINCIPLES OF MICROECONOMICS, Seventh Edition, continues to be the most popular and widely-used economics textbook among today’s students. Mankiw emphasizes material that you are likely to find interesting about the economy (particularly if you are studying economics for the first time), including real-life scenarios, useful facts, and the many ways economic concepts play a role in the decisions you make every day. I have tried to put myself in the position of someone seeing economics for the first time. My goal is to emphasize the material that students should and do find interesting about the study of the economy.–N. Gregory Mankiw.

Principles of Economics 7th Table of contents:

• The Market Forces of Supply and Demand

  • The Basics of Demand and Supply
  • Market Equilibrium
  • Shifts in Demand and Supply
  • Price Elasticity

• Market Efficiency and Government Intervention

  • Consumer and Producer Surplus
  • The Effects of Taxes and Subsidies
  • Price Controls: Price Ceilings and Price Floors

• The Economics of the Firm

  • The Theory of the Firm
  • Production, Costs, and Profit Maximization
  • Short-Run vs Long-Run Costs

• Perfect Competition

  • Characteristics of Perfect Competition
  • Short-Run and Long-Run Equilibrium in Perfect Competition
  • Efficiency of Perfect Competition

• Monopoly and Market Power

  • Sources of Monopoly Power
  • Pricing and Output Decisions of a Monopoly
  • Price Discrimination and Its Effects

• Oligopoly and Monopolistic Competition

  • Characteristics of Oligopoly and Monopolistic Competition
  • Game Theory and Strategic Behavior in Oligopoly
  • Product Differentiation and Its Effects in Monopolistic Competition

• Factor Markets

  • The Labor Market and Wage Determination
  • Capital Markets and Interest Rates
  • The Role of Government in Factor Markets

• Market Failures and Public Goods

  • Externalities and Public Policy
  • Public Goods and the Free Rider Problem
  • The Role of Government in Correcting Market Failures

• The Role of Government in the Economy

  • Government Spending and Taxation
  • Fiscal Policy: Budget Deficits and Surpluses
  • The Economics of Taxation

• Measuring the Economy

  • Gross Domestic Product (GDP) and Its Components
  • The Business Cycle
  • Inflation and Unemployment

• Macroeconomic Theories

  • Classical vs Keynesian Economics
  • Aggregate Demand and Aggregate Supply
  • The Role of Government in Stabilizing the Economy

• Monetary Policy

  • The Money Supply and the Federal Reserve
  • Tools of Monetary Policy
  • The Role of Central Banks in Stabilizing the Economy

• International Trade and Finance

  • Comparative Advantage and Trade Policy
  • Exchange Rates and International Trade
  • The Global Economy and Trade Barriers

• Economic Growth and Development

  • Factors Driving Long-Term Economic Growth
  • The Role of Technology and Innovation
  • Development Economics and Poverty Reduction

• The Economics of Inequality

  • Income Distribution and Wealth Inequality
  • Causes and Consequences of Economic Inequality
  • Policies to Address Inequality

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