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Macroeconomics Hardcover – April 28, 2006

ISBN-13: 978-0716762133 ISBN-10: 0716762137 Edition: 6th

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Product Details

  • Hardcover: 608 pages
  • Publisher: Worth Publishers; 6th edition (April 28, 2006)
  • Language: English
  • ISBN-10: 0716762137
  • ISBN-13: 978-0716762133
  • Product Dimensions: 10 x 8 x 1 inches
  • Shipping Weight: 3 pounds
  • Average Customer Review: 4.1 out of 5 stars  See all reviews (30 customer reviews)
  • Amazon Best Sellers Rank: #292,912 in Books (See Top 100 in Books)

Editorial Reviews

About the Author

N. GREGORY MANKIW is Professor of Economics at Harvard University, USA. He is also a research associate of the National Bureau of Economic Research, a member of the Brookings Panel on Economic Activity and an adviser to the Federal Reserve Bank of Boston and the Congressional Budget Office. --This text refers to an out of print or unavailable edition of this title.

More About the Author

N. Gregory Mankiw is Professor of Economics at Harvard University. As a student, he studied economics at Princeton University and MIT. As a teacher, he has taught macroeconomics, microeconomics, statistics, and principles of economics. He even spent one summer long ago as a sailing instructor on Long Beach Island.

Professor Mankiw is a prolific writer and a regular participant in academic and policy debates. His research includes work on price adjustment, consumer behavior, financial markets, monetary and fiscal policy, and economic growth. His published articles have appeared in academic journals, such as the "American Economic Review", "Journal of Political Economy", and "Quarterly Journal of Economics", and in more widely accessible forums, such as "The New York Times", "The Washington Post", "The Wall Street Journal", and "Fortune".

He has written two popular textbooks--the intermediate-level textbook Macroeconomics (Worth Publishers) and the introductory textbook Principles of Economics (South-Western/Thomson). Principles of Economics has sold over a million copies and has been translated into twenty languages.

In addition to his teaching, research, and writing, Professor Mankiw has been a research associate of the National Bureau of Economic Research, an adviser to the Federal Reserve Bank of Boston and the Congressional Budget Office, and a member of the ETS test development committee for the advanced placement exam in economics. From 2003 to 2005 he served as Chairman of the President's Council of Economic Advisers.

To view his blog: http://gregmankiw.blogspot.com/

Customer Reviews

4.1 out of 5 stars
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Most Helpful Customer Reviews

149 of 151 people found the following review helpful By Caraculiambro on October 20, 2006
Format: Hardcover
If you're confused about all of Dr. Mankiw's different macroeconomics texts floating about out there, lemme try to set you straight.

The one you see on this page: "Macroeconomics" is usually used in 2nd or 3rd year macroeconomics courses in college. This is because the exercises at the end of each chapter can be a little equation-intensive, and some of the exercises, such as the proper derivation of the IS-LM curve, require differentiation. The text of each chapter itself is not so vicious, so a energetic instructor could conceivably use this book in a lower-level course, if you were willing replace the book's exercises with easier ones.

Anyhow, the seventh edition has just come out: this has a bluish abstract geometric-type design on a tan background. The ISBN-13 is 9781429238120. The sixth edition had a blue cover; the fifth edition had an orange cover. The publisher, Palgrave-MacMillan, claims that the seventh edition balances "short-run and long-run issues in a way that emphasizes the relevance of Keynesian and classical ideas to current practice. Featuring the latest data and extensive coverage of the current financial crisis, the text has also been revised with the addition of new case studies on real-world issues such as President Obama's stimulus plan and a study of hyperinflation in Zimbabwe."

Mankiw is also well-known as the author of "Principles of Macroeconomics," currently in its fifth edition (ISBN-10: 0324589972; ISBN-13: 978-0324589979), at least as of my writing. This text is more appropriate for freshman-level, non-major survey courses, or for high-school courses provided that they're honors courses, such as AP courses. The exercises at the end of each chapter require only arithmetic and the most rudimentary algebra.
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Format: Hardcover
If you are familiar with Mankiw's introductory text "Principles of Economics", you know that he writes in a clear, concise, and as lively a manner as you are likely to find in a text on economics. Since I find economics quite interesting, I wanted more when I read through that textbook. For those of us who felt that desire, Mankiw has updated his intermediate text on macroeconomics for this sixth edition.

Microeconomics is the study of the economic behavior of people as individuals and in organizations such as corporations. Macroeconomics is the study of economic behavior of human beings as nations and the economic interactions between nations. It involves aspects of the economy such as money, savings, growth, stocks and flows, inflation, unemployment, taxation, national budgets and so forth. The study does not prefer one type of government policy over another, but studies the tradeoffs of the effects of different economic choices. Those of us who prefer specific outcomes will prefer certain choices over others, but that is not a part of the broader topic.

Mankiw writes this volume in his clear and concise style. He notes that he remembers being a student and not appreciating long textbooks, so he worked hard to keep this book as tight as possible. He also uses short case studies, apt cartoons, clear graphs, chapter summaries, a list of key concepts for each chapter, questions for review, as well as problems and applications to help the diligent reader master the material he provides. There are discussions of functions within each chapter, but much of the math is put into footnotes and in chapter appendices.
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24 of 26 people found the following review helpful By D. Gier on November 10, 2006
Format: Hardcover
As an econ student at UC Davis, I have learned to appreciate books that explain concepts concisely and in an easily understandable way. This is one of those few. Chapters are relatively short and are uncluttered with unnecessary examples or tangents. Graphs are labeled with simple explanations that are useful for clarification as well as quick-reference.

I recommend this book to people who want to understand econ without trudging through the swamp of repetition, needless technicality, and headache.
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6 of 7 people found the following review helpful By Joseph Razin on March 4, 2007
Format: Hardcover
Prof. Mankiw's book is an excellent text to learn macroeconomics with a solid foundation. It is a step ahead "principles of economics" in mathematical complexity and depth, but it manages to explain concepts succinctly and in a comprehensible way. I would say that it is the current foremost example of macro textbook for someone looking to really understand economics over its most basic notions. The graphs and tables are very useful, while the exercises are a little bit harder...but no pain, no gain.
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7 of 9 people found the following review helpful By Sean Rooks on September 20, 2008
Format: Hardcover
Book only slightly expanded on an intro book. If you have had any sort of math beyond calculus, you will be irritated with how Mankiw dances around the subject and tries to dumb the book down for those without mathematical preperation. This book is suitable for an intermediate class that doesn't have calc as a pre-req. Otherwise you will be frustrated as Mankiw confuses you with non-technical language when mathematical notation would be simple and precise.
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5 of 7 people found the following review helpful By Amazon Customer on December 22, 2007
Format: Hardcover Verified Purchase
The bad news:
I am not aware of any great textbooks on macroeconomics. This one is no exception. The main problem with this and other macroeconomics books is when they get to international trade and the exchange rate. They just do a bad job in this part of macroeconomics.

The good news:
It is not a great textbook, but it is a fairly good one. The book is about beginning/intermediate level macroeconomics. It covers all the major topics in the field. The case studies are very useful. The explainations are very good (except international trade).
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