Provide a concise, approachable introduction to the principles of economics that can be taught in one semester while allowing all types of students to quickly grasp essential economic concepts for a strong foundation with Mankiw’s popular ESSENTIALS OF ECONOMICS, 9E. Part of the most widely-used series in economics classrooms worldwide, this edition covers only the most important principles to avoid overwhelming students with excessive detail. Extensive updates, relevant examples and carefully crafted content written by leading economics author Gregory Mankiw work seamlessly with the latest MindTap digital course solutions and powerful student-focused resources. A team of award-winning teaching economists have further strengthened this edition's industry-leading ancillary package with even more relevance, engagement and interactive learning opportunities in addition to features such as the highly acclaimed Graph Builder and enhanced Adaptive Test Prep. Trust ESSENTIALS OF ECONOMICS, 9E to help your students master key principles of economics today.
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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. 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. Application: The Costs of Taxation. 9. Application: International Trade. Part IV: THE ECONOMICS OF THE PUBLIC SECTOR. 10. Externalities. 11. Public Goods and Common Resources. Part V: Firm Behavior and the Organization of Industry. 12. The Costs of Production. 13. Firms in Competitive Markets. 14. Monopoly. Part VI: THE DATA OF MACROECONOMICS. 15. Measuring a Nation’s Income. 16. Measuring the Cost of Living. Part VII: THE REAL ECONOMY IN THE LONG RUN. 17. Production and Growth. 18. Saving, Investment, and the Financial System. 19. The Basic Tools of Finance. 20. Unemployment and Its Natural Rate. Part VIII: MONEY AND PRICES IN THE LONG RUN. 21. The Monetary System. 22. Money Growth and Inflation. Part IX: SHORT-RUN ECONOMIC FLUCTUATIONS. 23. Aggregate Demand and Aggregate Supply. 24. The Influence of Monetary and Fiscal Policy on Aggregate Demand. Glossary. Index.
