Principles of Microeconomics
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In writing this textbook, Mankiw has tried to put himself in the position of someone seeing economics for the first time. The author s conversational writing style is superb for presenting the politics and science of economic theories to tomorrow s decision-makers. Because Mankiw wrote it for the students, the book stands out among all other principles texts by intriguing students to apply an economic way of thinking in their daily lives. Receiving such praise as perhaps the best ever textbook in economic principles, it s no wonder Mankiw s prize project has quickly become one of the most successful books ever to be published in the college marketplace.
PART I. INTRODUCTION. 1. Ten Principles of Economics. 2. Thinking Like an Economist. Appendix: Graphing: A Brief Review. 3. Interdependence and the Gains from Trade. PART II. SUPPLY AND DEMAND I: HOW MARKETS WORK. 4. The Market Forces of Supply and Demand. 5. Elasticity and Its Application. 6. Supply, Demand, and Government Policies. PART III. SUPPLY AND DEMAND II: MARKETS AND WELFARE. 7. Consumers, Producers, and the Efficiency of Markets. 8. Application: 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. Oligopoly. 17. Monopolistic Competition. PART VI. THE ECONOMICS OF LABOR MARKETS. 18. The Markets for the Factors of Production. 19. Earnings and Discrimination. 20. The Distribution of Income. PART VII. ADVANCED TOPIC. 21. The Theory of Consumer Choice.
