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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

  1. The Market Forces of Supply and Demand
  2. Elasticity and Its Application
  3. Supply, Demand, and Government Policies

PART III Markets and Welfare

  1. Consumers, Producers, and the Efficiency of Markets
  2. Application: The Costs of Taxation
  3. Application: International Trade

PART IV The Economics of the Public Sector

  1. Externalities
  2. Public Goods and Common Resources
  3. The Design of the Tax System

PART V Firm Behavior and the Organization
of Industry

  1. The Costs of Production
  2. Firms in Competitive Markets
  3. Monopoly
  4. Monopolistic Competition
  5. Oligopoly

PART VI The Economics of Labor Markets

  1. The Markets for the Factors of Production
  2. Earnings and Discrimination
  3. Income Inequality and Poverty

PART VII Topics for Further Study

  1. The Theory of Consumer Choice
  2. Frontiers of Microeconomics

PART VIII The Data of Macroeconomics

  1. Measuring a Nation’s Income
  2. Measuring the Cost of Living

PART IX The Real Economy in the Long Run

  1. Production and Growth
  2. Saving, Investment, and the Financial System
  3. The Basic Tools of Finance
  4. Unemployment

PARTXMoney and Prices in the Long Run

  1. The Monetary System
  2. Money Growth and Inflation

PART XI The Macroeconomics of Open Economies

  1. Open-Economy Macroeconomics: Basic Concepts
  2. A Macroeconomic Theory of the Open Economy

PART XII Short-Run Economic Fluctuations

  1. Aggregate Demand and Aggregate Supply
  2. The Influence of Monetary and Fiscal Policy on Aggregate Demand
  3. The Short-Run Trade-off between Inflation and Unemployment

PART XIII Final Thoughts

  1. Six Debates over Macroeconomic Policy

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 work  has been published in scholarly journals, such as the  American Economic Review, Journal of Political Economy, and Quarterly Journal of Economics, and in more  popular forums, such as the New York Times and The  Wall Street Journal. He is also author of the best-selling  intermediate-level textbook Macroeconomics (Worth  Publishers). 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 Congressional Budget Office and the  Federal Reserve Banks of Boston and New York, 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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