Written for today’s economics students, this sixth edition of Macroeconomics explores how economic thinking is evolving in response to major global events, including Brexit, the COVID-19 pandemic, geopolitical conflicts, and ongoing economic uncertainty. It combines clear explanations with engaging case studies, real-world examples, and thought-provoking questions that encourage critical thinking and a deeper understanding of modern macroeconomic issues.
- A thorough and careful presentation of all the core principles of macroeconomics to help students learn how to think like an economist and develop a clearer perspective on current events.
- 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.
- Updated content on the impact of globalization, digitization, the gig economy and modern monetary theory.
Part I. Introduction to Economics
1. What is Economics?
2. Thinking Like an Economist
3. The Market Forces of Supply and Demand
Part II. The Data of Macroeconomics
4. Measuring a Nation’s Wellbeing and the Price Level
Part III. The Real Economy in the Long Run
5. Production and Growth
6. Unemployment and the Labour Market
Part IV. Long-Run Macroeconomics
7. Saving, Investment and the Financial System
8. The Monetary System
9. Open-Economy Macroeconomics
Part V. Short-Run Economic Fluctuations
10. Business Cycles
11. Keynesian Economics and IS–LM Analysis
12. Aggregate Demand and Aggregate Supply
13. The Influence of Monetary and Fiscal Policy on Aggregate Demand
14. The Short-Run Trade-Off Between Inflation and Unemployment
15. Supply-Side Policies
Part VI. International Macroeconomics
16. Economic Shocks
17. The European Union
18. Sustainability Economics
N. Gregory Mankiw
N. Gregory Mankiw is professor of economics at Harvard University.
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.
