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Principles of Economics

Author(s): N. Gregory Mankiw

ISBN: 9789355734112

8th Edition

Copyright: 2018

India Release: 2022

₹1195

Binding: Paperback

Pages: 820

Trim Size: 254 x 203 mm

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Now you can master the principles of economics with the help of the most popular, widely-used economics textbook by students worldwide -- Mankiw’s PRINCIPLES OF ECONOMICS, 8E. With its clear and engaging writing style, this book emphasizes only the material that will help you better understand the world in which you live, will make you a more astute participant in the economy, and will give you a better understanding of both the potential and limits of economic policy. The latest relevant economic examples bring principles to life. Acclaimed text author N. Gregory Mankiw explains, "I have tried to put myself in the position of someone seeing economics for the first time. My goal is to emphasize the material that students should and do find interesting about the study of the economy." Powerful student-focused digital resources are available in leading MindTap and Aplia digital learning and homework solutions that reinforce the principles presented in this edition.

  • ConceptClips: High-energy videos by Prof. Mike Brandl help students understand key economics terms within MindTap® and Aplia.
  • MindTap & Aplia: Both platforms offered as standalone solutions; Aplia remains the most widely used homework tool in economics.
  • Enhanced Interactive Book: Allows highlighting, note-taking, and interaction with figures; supports media and is accessible to visually impaired students.
  • Updated End-of-Chapter Materials: Includes digitized, gradable quizzes and algorithmic problem sets in MindTap.
  • Video Applications by Mankiw: Author introduces chapter themes with real-world context to enhance student motivation.
  • Adaptive Test Prep: Offers 3,900+ questions and Quick Coach videos to support students during critical learning moments.
  • Current Events Features: “In the News,” “FYI,” and “Case Study” boxes highlight real-world economic developments.
  • Graph Builder Tool: Interactive exercises help students build and understand complex graphs step-by-step.
  • Updated Economic Topics: New content on tax systems, factor markets, income inequality, GDP, inflation, growth, and unemployment.
  • Digital Implementation Guide (DIG): Offers teaching strategies, feature guides, and chapter overviews for instructors.
  • Video Walk-Throughs: Step-by-step solutions to common homework problems, ideal for independent learning.
  • "Ask the Experts" Boxes: Features insights from top economists via the IGM Experts Panel on current economic issues.
  • New Video Lessons with Quizzes: Assignable videos aligned with Mankiw’s pedagogy, supporting pre-class and exam prep.

Part I: INTRODUCTION.

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.

5. Elasticity and Its Application.

6. Supply, Demand, and Government Policies.

Part III: MARKETS AND WELFARE.

7. Consumers, Producers, and the Efficiency of Markets.

8. Applications: The Costs of Taxation.

9. Application: International Trade.

Part IV: THE ECONOMICS OF THE PUBLIC SECTOR.

10. Externalities.

11. Public Goods and Common Resources.

12. The Design of the Tax System.

Part V: FIRM BEHAVIOR AND THE ORGANIZATION OF INDUSTRY.

13. The Costs of Production.

14. Firms in Competitive Markets.

15. Monopoly.

16. Monopolistic Competition.

17. Oligopoly.

Part VI: THE ECONOMICS OF THE LABOR MARKET.

18. The Markets for the Factors of Production.

19. Earnings and Discrimination.

20. Income Inequality and Poverty.

Part VII: TOPICS FOR FURTHER STUDY.

21. The Theory of Consumer Choice.

22. Frontiers in Microeconomics.

Part VIII: THE DATA OF MACROECONOMICS.

23. Measuring a Nation’s Income.

24. Measuring the Cost of Living.

Part IX: THE REAL ECONOMY IN THE LONG RUN.

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