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Principles of Economics 5th Edition

4.3 out of 5 stars 59 customer reviews
ISBN-13: 978-0324589979
ISBN-10: 0324589972
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Editorial Reviews

About the Author

N. Gregory Mankiw is Robert M. Beren Professor of Economics at Harvard University. He studied economics at Princeton University and MIT. 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 including THE NEW YORK TIMES, THE WASHINGTON POST, THE WALL STREET JOURNAL, and FORTUNE. 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.
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Product Details

  • Hardcover: 904 pages
  • Publisher: South-Western College Pub; 5 edition (September 29, 2008)
  • Language: English
  • ISBN-10: 0324589972
  • ISBN-13: 978-0324589979
  • Product Dimensions: 10 x 8.8 x 1.4 inches
  • Shipping Weight: 4.2 pounds
  • Average Customer Review: 4.3 out of 5 stars  See all reviews (59 customer reviews)
  • Amazon Best Sellers Rank: #153,281 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

Top Customer Reviews

Format: Hardcover
This was the textbook (in an earlier edition) that introduced me to economics back in high school. I decided to take the AP exam in the subject, even though my school offered no such course. Between this text and a test prep book, I was able to ace the exams; but more importantly, I was immersed in a subject so fascinating that I'm now studying it as a PhD student.

Throughout the book, Mankiw highlights differences in opinion between economists and "laymen," and to examine where those differences come from. For instance, rent ceilings are a popular policy that 93% of economists (as of a 1992 survey) say "reduce both the quantity and the quality of available housing." Mankiw explains why economists are so sure of this in compelling, intuitive terms, without demanding that students master calculus or statistical methods.

Interested students should also subscribe to Greg Mankiw's excellent blog to keep up with the latest news in the ever-evolving field of economics.
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Format: Hardcover
This is a wonderful, wonderful book to introduce students to economics. The faculty materials are not quite as wonderful. We are on chapter 3 and one of my students found an error in a chapter on-line self quiz. I have found errors in the test bank and there are some ambiguous questions. The slides, however, match the high quality of the text.
Easily five stars except for the problems noted.
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Format: Hardcover
I very much enjoyed reading Professor Mankiw's book. He has an excellent and simple writing style that makes the information flow smoothly to your brain. If this is your first encounter with Economics don't search anywhere else, just grab this book as it will clarify all the concepts in a way no other introductory book can match. I hope that one day Prof. Mankiw will think about writing more advanced (Master/PhD level) Micro/Macro books.
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Format: Hardcover
I was not very excited to take an Economics class, but to tell the truth, I really enjoyed reading and studying from this book. I think it is well written and interesting.
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Format: Hardcover Verified Purchase
Mankiw's "Principles of Economics" was incredibly enjoyable to read. His writing is both pithy and conversational. I honestly looked forward to reading each chapter of "Principles of Economics" (this is coming from a sixteen year-old who used it to self study AP Macroeconomics and AP Microeconomics). I fully attribute both of my 5's to Mankiw, and I totally recommend this to anyone, be it someone who's simply interested in economics or a student who needs to ace his econ course.
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Format: Hardcover
I like teaching with this book. My students find it very clear. But the bundled instructor materials are poor.
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Format: Hardcover Verified Purchase
I've never done much with economics before, and this book has helped me to appreciate the dynamics of economics more. It gives good examples for understanding and the chapters aren't too long! Good book.
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Format: Hardcover Verified Purchase
Coming from an engineering background and with good knowledge of economics, I was hoping to find a more analytical and technically oriented textbook in Mankiw's Principles of Economics - more mathematical analyses and interesting conclusions deriving from solid theories. Instead, I find it oversimplifies highly complex issues and disregards some aspects of economics which are utterly important in a full economic evaluation. From my past experience as an engineering student and dozens of technical textbooks, this text "dumbs" down the student and leads one to "memorizing" methods in order to "understand" economic concepts. No space is left for interesting analysis involving more complex mathematical manipulations or the reader reaching new and different conclusions when compared to those exhibited in the text.As another reviewer has pointed out, not only does this seem written for high schoolers, but the complete lack of discussion concerning alternative economic theories makes this piece stand out as a free-market propaganda piece, where no government interference or interaction is the best course of "inaction" in free-market economies. Overall, it does introduce some interesting concepts in innovative ways but for someone who wants to deal with the finer aspects of and more mathematical approaches to economics I would not recommend this book.
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