Principles of Economics (Volume 1)

Author: N. Gregory Mankiw
Publisher:
Publish Date: 2003-08-01
Features: The greatest feature of this textbook is its "student orientation." As the author himself points out, he wanted to write an economics textbook that students would enjoy reading. Compared to other similar textbooks, Principles of Economics emphasizes more on the application of economic principles and policy analysis rather than formal economic models. For this purpose, 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. Principles of Economics is translated from the latest edition of the master economist N. Gregory Mankiw's Principles of Economics—the 3rd edition, which devotes more space to application and policy while allocating less space to formal economic theory. This book provides an in-depth yet accessible analysis of the worldview of economists 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 profound, and it is believed to be beneficial to readers' study and work. Principles of Economics 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.