Economics,
6th Edition

N. Gregory Mankiw, Mark P Taylor

ISBN-13: 9781473786981
Copyright 2023 | Published
832 pages | List Price: USD $78.75

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Part I. Introduction to Economics
1. What is Economics?
2. Thinking Like an Economist

Part II. The Theory of Competitive Markets
3. The Market Forces of Supply and Demand
4. Background to Demand: Consumer Choices
5. Background to Supply: The Costs of Production of Firms
6. Background to Supply: Firms in Competitive Markets
7. Consumers, Producers and The Efficiency of Markets

Part III. Interventions in Markets
8. Supply, Demand and Government Policies
9. Public Goods, Common Resources and Merit Goods
10. Market Failure and Externalities

Part IV. Firm Behaviour and Market Structures
11. Market Structures I: Monopoly
12. Market Structures II: Monopolistic Competition
13. Market Structures III: Oligopoly
14. Market Structures IV: Contestable Markets

Part V. Factor Markets
15. The Economics of Factor Markets

Part VI. Inequality
16. Income Inequality and Poverty

Part VII. Trade
17. Interdependence and the Gains From Trade

Part VIII. Heterodox Economics
18. Information and Behavioural Economics
19. Heterodox Theories in Economics

Part IX. The Data of Macroeconomics
20. Measuring a Nation’s Wellbeing and the Price Level

Part X. The Real Economy in the Long Run
21. Production and Growth
22. Unemployment and the Labour Market

Part XI. Long-Run Macroeconomics
23. Saving, Investment and the Financial System
24. The Monetary System
25. Open-Economy Macroeconomics

Part XII. Short-Run Economic Fluctuations
26. Business Cycles
27. Keynesian Economics and IS–LM Analysis
28. Aggregate Demand and Aggregate Supply
29. The Influence of Monetary and Fiscal Policy on Aggregate Demand
30. The Short-Run Trade-Off Between Inflation and Unemployment
31. Supply-Side Policies

Part XIII. International Macroeconomics
32. Economic Shocks
33. The European Union
34. Sustainability Economics

  • N. Gregory Mankiw

    N. Gregory Mankiw is the Robert M. Beren Professor of Economics at Harvard University. For 14 years he taught EC10 Principles, the most popular course at Harvard. Dr. Mankiw studied economics at Princeton University and MIT. He 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. Dr. Mankiw's articles have appeared in academic journals such as the American Economic Review, Journal of Political Economy and Quarterly Journal of Economics. His work has also appeared 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, Dr. Mankiw served as chairman of the President’s Council of Economic Advisers.

  • Mark P Taylor

    Mark P. Taylor is Dean of the John M Olin Business School at Washington University, US and was previously Dean of Warwick Business School at the University of Warwick, UK. He obtained his first degree in philosophy, politics and economics from Oxford University. He then worked as a foreign exchange dealer in London for two years while simultaneously studying part-time for a master’s degree in economics at London University, from where he also holds a doctorate in economics. Professor Taylor has taught economics at various universities (including Warwick, Oxford, Marseille and New York), at various levels (from principles courses to advanced graduate and MBA courses) and in various fields (including macroeconomics, microeconomics and econometrics). He also worked for several years as a senior economist at the International Monetary Fund and before that at the Bank of England. His work has been extensively published in scholarly journals, such as the Journal of Political Economy and the Economic Journal, and he is today one of the most highly cited economists in the world in economic research. In addition, Professor Taylor has acted as an advisor to the International Monetary Fund, the World Bank, the Bank of England, the European Commission and to senior members of the UK government. He is a research fellow of the Centre for Economic Policy Research, a member of council of the Royal Economic Society, and a fellow of both the Royal Statistical Society and the Royal Society of Arts.

  • New chapter on sustainability economics.

  • Updated content on economic shocks, the impact of globalization, digitization, the gig economy and modern monetary theory.

  • New or updated case studies and ‘In the News’ boxes throughout.

  • This title is available with a fully updated MindTap - a flexible online learning solution that you can customize to suit your specific course needs, and which provides students with all the tools they need to succeed. These include an interactive eReader, engaging multimedia, practice questions, assessment materials, revision aids, and analytics to help you track their progress.

  • A thorough and careful presentation of all the core principles of economics to help students learn how to think like an economist and develop a clearer perspective on current events.

  • Comprehensive and well-structured coverage of both microeconomics and macroeconomics gives a clear and easily accessible introduction to economics.

  • Review and discussion questions in each chapter help to enhance students’ understanding and hone critical-thinking skills.

  • Each chapter comes with a ‘Problems and Applications’ section, allowing students to test their knowledge and broaden their understanding.

  • Updated and topical case studies and ‘In The News’ features demonstrate how economic theories apply to real-world scenarios and events.

  • This title is available with MindTap, a flexible online learning solution that you can customize to suit your specific course needs, and which provides students with all the tools they need to succeed. These include an interactive eReader, engaging multimedia, practice questions, assessment materials, revision aids, and analytics to help you track their progress. Supplementary mathematics content is provided in Maths for Economics included within MindTap which helps students to understand and apply the maths that is so integral to the study of economics.

Cengage provides a range of supplements that are updated in coordination with the main title selection. For more information about these supplements, contact your Learning Consultant.