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Overview
Introduce the principles of macroeconomics with acclaimed author and economist Gregory Mankiw's "Brief Principles of Macroeconomics," 11th Edition. Part of the most popular educational economics series worldwide, this brief edition guides all types of learners to a strong foundation in macroeconomics with the latest updates, interactive practice and current examples. Carefully crafted content and learning features focus on the most important macroeconomic principles with fewer introductory chapters than the regular macroeconomics book for a more concise treatment. The author presents the background students need at key moments in your course. This edition works seamlessly with the latest MindTap digital course solutions. A leading support package by award-winning teaching economists with Aplia homework solutions and author videos provides additional relevance and learning opportunities.
- NEW: The 11th edition's new Chapter 36 on the Keynesian Cross (income-expenditure model) explains the multiplier effect and positive feedback loop in Keynesian theory. Instructors who prefer to skip this new chapter can do so without loss of continuity.
- NEW: MindTap now features Data Exploration activities using real data from sources like FRED and BLS, with two auto-graded parts: students analyze a hypothetical scenario and then explore actual data to connect theory with real-world application.
- NEW: MindTap now offers AI in Action activities, powered by Bongo, where students use generative AI to research, analyze and forecast real-world economic topics -- then present findings in a written report to enhance student soft-skills.
- NEW: Timely topics have been added to every chapter -- covering issues like antitrust cases, trade policies, consumer behavior, CPI data and monetary policy -- along with fresh discussions on artificial intelligence, sound institutions for prosperity and irrelevance of bilateral trade deficits.
- MindTap engages students with hallmark activities, including Video Applications to introduce important themes from Gregory Mankiw, step-by-step Video Problem Walk-Throughs for tackling tough questions, and dynamic Concept Clips that make key economic terms easy to understand.
- MindTap also includes A+ Test Prep that equips students for success with over 3,900 current test questions, many paired with Quick Coach videos for on-the-spot support -- proven to boost performance on high-stakes exams and overall course results.
1. Ten Principles of Economics.
2. Thinking Like an Economist.
3 .Interdependence and the Gains from Trade.
Part II: HOW MARKETS WORK.
4.The Market Forces of Supply and Demand.
PART VIII: THE DATA OF MACROECONOMICS.
5. Measuring a Nation’s Income.
6. Measuring the Cost of Living.
Part IX: THE REAL ECONOMY IN THE LONG RUN.
7. Production and Growth.
8. Saving, Investment, and the Financial System.
9. The Basic Tools of Finance.
10. Unemployment.
Part X: MONEY AND PRICES IN THE LONG RUN.
11. The Monetary System.
12. Money Growth and Inflation.
Part XI: THE MACROECONOMICS OF OPEN ECONOMIES.
13. Open-Economy Macroeconomics: Basic Concepts.
14. A Macroeconomic Theory of the Open Economy.
Part XII: SHORT-RUN ECONOMIC FLUCTUATIONS.
15. Aggregate Demand and Aggregate Supply.
16. The Influence of Monetary and Fiscal Policy on Aggregate Demand.
17. The Keynesian Cross
18. The Short-Run Tradeoff between Inflation and Unemployment.
Part XIII: FINAL THOUGHTS.
19. Six Debates over Macroeconomic Policy.
Appendix: How Economists Use Data.
Glossary.
Index.
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