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Macroeconomics Seventh Edition Edition

34 customer reviews
ISBN-13: 978-1429218870
ISBN-10: 1429218878
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Editorial Reviews

Review

I read this title with great interest, and found the content really cogent. It is beautifully and clearly written, and is right up-to-date. The analysis of the credit crunch is timely, and the analysis is authoritative. The Chapter on the dynamics of aggregate demand and supply is superb. --This text refers to an out of print or unavailable edition of this title.

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.

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Product Details

  • Hardcover: 608 pages
  • Publisher: Worth Publishers; Seventh Edition edition (March 29, 2010)
  • Language: English
  • ISBN-10: 1429218878
  • ISBN-13: 978-1429218870
  • Product Dimensions: 8.3 x 1 x 10.4 inches
  • Shipping Weight: 2.8 pounds
  • Average Customer Review: 4.1 out of 5 stars  See all reviews (34 customer reviews)
  • Amazon Best Sellers Rank: #7,164 in Books (See Top 100 in Books)

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/

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Customer Reviews

Most Helpful Customer Reviews

121 of 123 people found the following review helpful By Caraculiambro on December 19, 2009
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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8 of 10 people found the following review helpful By Caraculiambro on December 16, 2009
Format: Paperback
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.
Read more ›
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3 of 3 people found the following review helpful By SAB on March 15, 2011
Format: Hardcover Verified Purchase
Educational, concise, readable.
What more could you ask for in a textbook?

I have trouble sitting down and actually reading textbooks, but I found this textbook enjoyable. The author breaks the text up into manageable sections. Helpful anecdotes are separated as well, so that the text seems shorter. The reader soon realizes that these anecdotes are interesting and is thus less likely to skip them.
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9 of 12 people found the following review helpful By Ronny on January 31, 2010
Format: Hardcover Verified Purchase
But, for the intermediate course my school is using it for, it just isn't rigorous enough. It has a little too much fluff. Math notes are put in the footnotes, and many math notes don't exist.
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1 of 1 people found the following review helpful By Kamel on April 12, 2013
Format: Hardcover Verified Purchase
Economics is called the dismal science for a reason. Students are often frustrated with the theoretical nature of the subject as well as the daunting graphs and equations you are required to memorize, with no clear real world application to motivate the concepts. Mankiw tries to motivate the study of macroeconomic models through the use of numerous 'case studies', examples from history which can be explained by the models. While the idea is commendable and perhaps pedagogically sound, the execution was absolutely terrible. Numerous case studies were oversimplified so that they could fit the model as opposed to the model fitting them, which gives students a false sense of belief that the models are extremely powerful and accurate, and not enough is done to highlight the obvious limitations of the model. Furthermore, I have to agree with the other reviewers; there were simply too many case studies. Too many times the concepts Mankiw is attempting to teach gets lost as he piles numerous case studies into each chapter. It feels more like a textbook on economic history rather than a book for intermediate macroeconomic theory.

EDIT: After spending more time with this book I am bumping up my rating by 1-star. This book is quite good, but one has to know how to navigate it in order to obtain the best utility. My advice is to skip over all the case studies when you are reading to ensure that you do not get confused. Focus on the concept and ignore all the fluff.
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