Principles of macroeconomics /
Macroeconomics
N. Gregory Mankiw.
- 4th ed.
- Mason, Ohio : Thomson/South-Western, c2007.
- xxxii, 438 p. : ill. ; 27.6 cm.
Includes bibliographical references and index.
Preface: To the Instructor -- Preface: To the Student -- Introduction -- Ten Principles of Economics -- How People Make Decisions -- How People Interact -- How the Economy as a Whole Works -- Thinking Like an Economist -- The Economist as Scientist -- The Economist as Policy Adviser -- Why Economists Disagree -- Let's Get Going -- Graphing: A Brief Review -- Interdependence and the Gains from Trade -- A Parable for the Modern Economy -- Comparative Advantage: The Driving Force of Specialization -- Applications of Comparative Advantage -- How Markets Work -- The Market Forces of Supply and Demand -- Markets and Competition -- Demand -- Supply -- Supply and Demand Together -- Elasticity and its Application -- The Elasticity of Demand -- The Elasticity of Supply -- Three Applications of Supply, Demand, and Elasticity -- Supply, Demand, and Government Policies -- Controls on Prices -- Taxes -- Markets and Welfare -- Consumers, Producers, and the Efficiency of Markets -- Consumer Surplus -- Producer Surplus -- Market Efficiency -- Conclusion: Market Efficiency and Market Failure -- Application: The Costs of Taxation -- The Deadweight Loss of Taxation -- The Determinants of the Deadweight Loss -- Deadweight Loss and Tax Revenue as Taxes Vary -- Application: International Trade -- The Determinants of Trade -- The Winners and Losers from Trade -- The Arguments for Restricting Trade -- The Data of Macroeconomics -- Measuring a Nation's Income -- The Economy's Income and Expenditure -- The Measurement of Gross Domestic Product -- The Components of GDP -- Real versus Nominal GDP -- Is GDP a Good Measure of Economic Well-Being? -- Measuring the Cost of Living -- The Consumer Price Index -- Correcting Economic Variables for the Effects of Inflation -- The Real Economy in the Long Run -- Production and Growth -- Economic Growth around the World -- Productivity: Its Role and Determinants -- Economic Growth and Public Policy -- Conclusion: The Importance of Long-Run Growth -- Saving, Investment, and the Financial System -- Financial Institutions in the U.S. Economy -- Saving and Investment in the National Income Accounts -- The Market for Loanable Funds -- The Basic Tools of Finance -- Present Value: Measuring the Time Value of Money -- Managing Risk -- Asset Valuation -- Unemployment -- Identifying Unemployment -- Job Search -- Minimum-Wage Laws -- Unions and Collective Bargaining -- The Theory of Efficiency Wages -- Money and Prices in the Long Run -- The Monetary System -- The Meaning of Money -- The Federal Reserve System -- Banks and the Money Supply -- Money Growth and Inflation -- The Classical Theory of Inflation -- The Costs of Inflation -- The Macroeconomics of Open Economies -- Open-Economy Macroeconomics: Basic Concepts -- The International Flows of Goods and Capital -- The Prices for International Transactions: Real and Nominal Exchange Rates -- A First Theory of Exchange-Rate Determination: Purchasing-Power Parity -- A Macroeconomic Theory of the Open Economy -- Supply and Demand for Loanable Funds and for Foreign-Currency Exchange -- Equilibrium in the Open Economy -- How Policies and Events Affect an Open Economy -- Short-Run Economic Fluctuations -- Aggregate Demand and Aggregate Supply -- Three Key Facts about Economic Fluctuations -- Explaining Short-Run Economic Fluctuations -- The Aggregate-Demand Curve -- The Aggregate-Supply Curve -- Two Causes of Economic Fluctuations -- The Influence of Monetary and Fiscal Policy on Aggregate Demand -- How Monetary Policy Influences Aggregate Demand -- How Fiscal Policy Influences Aggregate Demand -- Using Policy to Stabilize the Economy -- The Short-Run Trade-Off Between Inflation and Unemployment -- The Phillips Curve -- Shifts in the Phillips Curve: The Role of Expectations -- Shifts in the Phillips Curve: The Role of Supply Shocks -- The Cost of Reducing Inflation -- Final Thoughts -- Five Debates Over Macroeconomic Policy -- Should Monetary and Fiscal Policymakers Try to Stabilize the Economy? -- Should Monetary Policy Be Made by Rule Rather Than by Discretion? -- Should the Central Bank Aim for Zero Inflation? -- Should the Government Balance Its Budget? -- Should the Tax Laws Be Reformed to Encourage Saving? -- Quick Quiz Answers. Part 1. Chapter 1. Chapter 2. Appendix. Chapter 3. Part 2. Chapter 4. Chapter 5. Chapter 6. Part 3. Chapter 7. Chapter 8. Chapter 9. Part 4. Chapter 10. Chapter 11. Part 5. Chapter 12. Chapter 13. Chapter 14. Chapter 15. Part 6. Chapter 16. Chapter 17. Part 7. Chapter 18. Chapter 19. Part 8. Chapter 20. Chapter 21. Chapter 22. Part 9. Chapter 23. Appendix.