Essentials of EconomicsFor the one-semester survey of economics course, Mankiw now provides an excellent resource for students who are seeing economics for the first time. His two-semester version of the text has received such praise as "perhaps the best ever" textbook in economic principles. Its no wonder Mankiw's prize project has quickly become one of the most successful books ever to be published in the college marketplace. The author's conversational writing style is superb for presenting the politics and science of economic theories to tomorrow's decision-makers. Because Mankiw wrote it for the students, the book stands out among all other texts by intriguing students to apply an economic way of thinking in their daily lives. |
Contents
Ten Principles of Economics | 3 |
How the Economy as a Whole Works | 12 |
Key Concepts 136 | 16 |
Copyright | |
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Common terms and phrases
advantage allocation allows amount analysis answer average total cost benefit better buyers called cars cause Chapter College comparative competitive computers consider consumer surplus countries deadweight loss decide decisions demand curve determines domestic economic economists effects efficient elasticity equals equilibrium equilibrium price examine example Explain externality falls farmer Figure firms gains give graph higher ice cream import income increase industry laws less long-run lower marginal cost measure meat monopoly novels opportunity cost outcome output panel percent pollution positive possibilities potatoes pounds price elasticity problem producer surplus profit quantity demanded quantity supplied question raises receive reduce respond result rises sell sellers shifts shows sold steel supply and demand supply curve Suppose Table tariff total revenue trade United University variable wage workers