Principles of Economics (Volume 1, 3rd Edition)

Author: N. Gregory Mankiw (USA)
Publisher:
Publish Date: 2006-02-01
Features: The greatest feature of this textbook is its "student-oriented" approach. As the author himself points out, he aimed to write an economics textbook that students would enjoy. Compared to other similar textbooks, this book emphasizes more on the application of economic principles and policy analysis rather than formal economic models. To this end, the author provides numerous case studies in most chapters to illustrate how economic principles can be applied to the analysis of real-world economic issues. Additionally, the book includes many "news summaries" to help readers understand what economics is in everyday life. This book is translated from the latest version of "Principles of Economics" by the economics master N. Gregory Mankiw—the 3rd edition, which devotes more space to application and policy while allocating less space to formal economic theory. The book provides an in-depth yet accessible analysis of economists' worldview from perspectives such as supply and demand, firm behavior and consumer choice theory, long-term economic growth and short-term economic fluctuations, and macroeconomic policy. The language is concise, and the ideas are profound, making it highly beneficial for readers' study and work. This book is suitable for undergraduate and graduate students in economics and management, as well as MBA students, and can also serve as an economics introduction for managers.