Economics, 3rd Edition

Now firmly established as one of the leading economics principles texts in the UK and Europe, this exciting new third edition of Economics by N. Gregory Mankiw (Harvard University) and Mark P. Taylor (Warwick University), has undergone some significant restructuring and reorganization to more directly match economics students’ course structures and learning and assessment needs. There are new sections covering microeconomic and macroeconomic topics and concepts in more depth, whilst at the same time retaining the book’s reputation for clarity, authority and real world relevance.

Table of Contents

Part 1 Introduction To Economics
Chapter 1 Ten Principles Of Economics
Chapter 2 Thinking Like An Economist

Part 2 Supply And Demand: How Markets Work
Chapter 3 The Market Forces Of Supply And Demand
Chapter 4 Elasticity And Its Applications
Chapter 5 Background To Demand: The Theory Of Consumer Choice
Chapter 6 Background To Supply: Firms In Competitive Markets

Part 3 Markets, Efficiency And Welfare
Chapter 7 Consumers, Producers And The Efficiency Of Markets
Chapter 8 Supply, Demand And Government Policies

Part 4 The Economics Of The Public Sector
Chapter 9 The Tax System And The Costs Of Taxation

Part 5 Inefficient Market Allocations
Chapter 10 Public Goods, Common Resources And Merit Goods
Chapter 11 Externalities And Market Failure
Chapter 12 Information And Behavioural Economics

Part 6 Firm Behaviour And Market Structures
Chapter 13 Firms’ Production Decisions
Chapter 14 Market Structures I: Monopoly
Chapter 15 Market Structures Ii: Monopolistic Competition
Chapter 16 Market Structures Iii: Oligopoly

Part 7 Factor Markets
Chapter 17 The Economics Of Labour Markets

Part 8 Inequality
Chapter 18 Income Inequality And Poverty

Part 9 Trade
Chapter 19 Interdependence And The Gains From Trade

Part 10 The Data Of Macroeconomics
Chapter 20 Measuring A Nation’S Income
Chapter 21 Measuring The Cost Of Living

Part 11 The Real Economy In The Long Run
Chapter 22 Production And Growth
Chapter 23 Unemployment

Part 12 Interest Rates, Money And Prices In The Long Run
Chapter 24 Saving, Investment And The Financial System
Chapter 25 The Basic Tools Of Finance
Chapter 26 The Monetary System
Chapter 27 Money Growth And Inflation

Part 13 The Macroeconomics Of Open Economies
Chapter 28 Open-Economy Macroeconomics: Basic Concepts
Chapter 29 A Macroeconomic Theory Of The Open Economy

Part 14 Short-Run Economic Fluctuations
Chapter 30 Business Cycles
Chapter 31 Keynesian Economics And Is-Lm Analysis
Chapter 32 Aggregate Demand And Aggregate Supply
Chapter 33 The Influence Of Monetary And Fiscal Policy On Aggregate Demand
Chapter 34 The Short-Run Trade-Off Between Inflation And Unemployment
Chapter 35 Supply-Side Policies

Part 15 International Macroeconomics
Chapter 36 Common Currency Areas And European Monetary Union
Chapter 37 The Financial Crisis And Sovereign Debt