Principles of Economics: An Asian Edition 2nd Edition
N. Gregory Mankiw | Euston Quah | Peter Wilson
ISBN-13: 9789814410120 | ISBN-10: 9814410128
© 2013 | Published |  906  Pages

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This is the second edition of the bestselling Asian adaptation of N. Gregory Mankiw’s market leading textbook, Principles of Economics. While maintaining all the strengths of the first Asian edition and the original book, Professor Euston Quah and Dr. Peter Wilson have provided updated materials and examples that are most relevant to students in Asia. The book reflects Asian economic institutions and policies, features companies that operate in the region, and includes economic data from various Asian countries. It, however, retains a strong international focus to enable students to place the Asian experience in a global context.

The book provides students with a solid foundation to the principles and concepts of economics. Written for students taking economics for the first time, it focuses on core concepts and how these concepts are applied to the real world. Examples and cases throughout the text show students the relevance of the theory they are learning.

  • PART 1 Introduction
    Chapter 1 Ten Principles of Economics.
    Chapter 2 Thinking Like an Economist.
    Chapter 3 Interdependence and the Gains from Trade.

    PART 2 Supply and Demand I: How Markets Work
    Chapter 4 The Market Forces of Supply and Demand.
    Chapter 5 Elasticity and Its Application.
    Chapter 6 Supply, Demand, and Government Policies.

    PART 3 Supply and Demand II: Markets and Welfare
    Chapter 7 Consumers, Producers, and the Efficiency of Markets.
    Chapter 8 Application: The Costs of Taxation.
    Chapter 9 Application: International Trade.

    PART 4 The Economics of the Public Sector
    Chapter 10 Externalities.
    Chapter 11 Public Goods and Common Resources.
    Chapter 12 The Design of the Tax System.

    PART 5 Firm Behavior and the Organization of Industry
    Chapter 13 The Costs of Production.
    Chapter 14 Firms in Competitive Markets.
    Chapter 15 Monopoly.
    Chapter 16 Oligopoly.
    Chapter 17 Monopolistic Competition.

    PART 6 The Economics of Labor Markets
    Chapter 18 The Markets for the Factors of Production.
    Chapter 19 Earnings and Discrimination.
    Chapter 20 Income Inequality and Poverty.

    PART 7 Topics for Further Study
    Chapter 21 The Theory of Consumer Choice.
    Chapter 22 Frontiers of Microeconomics.

    PART 8 The Data for Macroeconomics
    Chapter 23 Measuring a Nation’s Income.
    Chapter 24 Measuring the Cost of Living.

    PART 9 The Real Economy in the Long Run
    Chapter 25 Production and Growth.
    Chapter 26 Saving, Investment, and the Financial System.
    Chapter 27 The Basic Tools of Finance.
    Chapter 28 Unemployment and Its Natural Rate.

    PART 10 Money and Prices in the Long Run
    Chapter 29 The Monetary System.
    Chapter 30 Money Growth and Inflation.

    PART 11 The Macroeconomics of Open Economies
    Chapter 31 Open-Economy Macroeconomics: Basic Concepts.
    Chapter 32 A Macroeconomic Theory of the Open Economy.

    PART 12 Short-Run Economic Fluctuations
    Chapter 33 Aggregate Demand and Aggregate Supply.
    Chapter 34 The Influence of Monetary and Fiscal Policy on Aggregate Demand.
    Chapter 35 The Short-Run Tradeoff between Inflation and Unemployment.

    PART 13 Final Thoughts
    Chapter 36 Five Debates over Macroeconomic Policy.

    • A wealth of Asian examples, case studies, and news articles to make the material more relevant to Asian students
    • The classic ten principles of economics, introduced in Chapter One, and incorporated throughout the text, help students to reinforce their understanding of these key economic principles
    • A clear and conversational writing style to present economic concepts in a way that is very accessible to students
    • A quick quiz after each major section allows students to check their comprehension before they move on to the next section
    • Each chapter ends with a variety of problems and applications to provide students with the opportunity to apply what they have learned
    • Highlights of the second Asian edition include new topics such as the Keynesian backlash following the global financial crisis between 2007 and 2009, the minimum wage debate in Singapore and negative externalities such as climate change and transboundary pollution
    • New to this edition too- CengageNow, an online teaching and learning resource that gives lecturers more control over their lessons, and improves student understanding and performance
For more information about these supplements, or to obtain them, contact your Learning Consultant

  • CNOW 2-Semester Printed Access Card, Asia Edition for Mankiw’s Principles of Economics, Asia Edition, 2nd
    ISBN-10: 9814455563 | ISBN-13:9789814455565
    List Price = 133.44
    CNOW 2-Semester Instant Access Code, Asia Edition for Mankiw’s Principles of Economics, Asia Edition, 2nd
    ISBN-10: 9814455571 | ISBN-13:9789814455572
    List Price = 116.44

  • N. Gregory Mankiw is Robert M. Beren Professor of Economics at Harvard University. He studied economics at Princeton University and MIT. Dr. Mankiw is a prolific writer and a regular participant in academic and policy debates. His research includes work on price adjustment, consumer behavior, financial markets, monetary and fiscal policy, and economic growth. His published articles have appeared in academic journals, such as the American Economic Review, Journal of Political Economy, and Quarterly Journal of Economics, and in more widely accessible forums, including The New York Times, The Washington Post, The Wall Street Journal, and Fortune. Dr. Mankiw has been a research associate of the National Bureau of Economic Research, an adviser to the Federal Reserve Bank of Boston and the Congressional Budget Office, and a member of the ETS test development committee for the advanced placement exam in economics. From 2003 to 2005, he served as chairman of the President’s Council of Economic Advisers.

    Euston Quah is Acting Chair, Division of Economics, School of Humanities and Social Sciences, Nanyang Technological University, Singapore. He was a faculty member and former Acting Head of the Department of Economics, National University of Singapore. He has published widely in the fields of environment economics, cost-benefit analysis, law and economics, and household economics. His papers have appeared in various periodicals and journals such as World Development, Environment and Planning: Series A and C, Applied Economics, Journal of Environmental Management, Journal of Public Economic Theory, The International Review of Law and Economics, Journal of Asian Economics, The American Journal of Economics and Sociology, Bulletin of Economic Research and Journal of Environmental Law. His work on household production valuation has received very favourable reviews in the Journal of Economic Literature, Economic Journal, and Journal of Labour Economics. He is also the Editor of the Singapore Economic Review (founded 1956).

    Peter Wilson is a former associate professor in the Department of Economics at the National University of Singapore, where he taught from 1989 to 2007, having previously taught for a year in Malaysia and, prior to that, at a number of universities in the UK
    including Warwick, Sussex, Bradford, and Hull. His main teaching and research interests lie in macroeconomics and international economics, with special reference to East and Southeast Asia. Dr. Wilson has coauthored two books on Singapore and published articles in journals such as World Economy, Applied Economics, Open Economies Review, Journal of Economic Studies, Asian Economic Journal, Economic Modeling, and Journal of the Asia Pacific Economy. He is presently a consultant to the Economic Policy department at the Monetary Authority of Singapore (MAS), editor of their biannual Macroeconomic Review and Macroeconomic Stability Review, teaches the MAS’s Economic Policy Course, and is the chairman of the education subcommittee for the Economics Society of Singapore.