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Principles of Economics Hardcover – February 10, 2011

ISBN-13: 978-0538453059 ISBN-10: 0538453052 Edition: 6th

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Product Details

  • Series: Economics
  • Hardcover: 888 pages
  • Publisher: Cengage Learning; 6 edition (February 10, 2011)
  • Language: English
  • ISBN-10: 0538453052
  • ISBN-13: 978-0538453059
  • Product Dimensions: 10 x 8.5 x 1.4 inches
  • Shipping Weight: 4.1 pounds (View shipping rates and policies)
  • Average Customer Review: 4.1 out of 5 stars  See all reviews (55 customer reviews)
  • Amazon Best Sellers Rank: #29,139 in Books (See Top 100 in Books)

Editorial Reviews

Review

"I think it is more reader friendly than other texts. In addition, it uses both numeric and/or graphical examples, which is very useful for the students."

"We used to use Case and Fair's text. Mankiw seems to be a better text because it actually follows through with giving applications to what he includes in the book. For example, there is much better material in Mankiw about consumer surplus, producer surplus, government policies and interventions in the market."

"Very student friendly text. Makes economics easy to understand. Some of the other texts would take a lot of reading to explain an idea."

About the Author

N. Gregory Mankiw is Robert M. Beren Professor of Economics and Chair of the Department of Economics at Harvard University. He studied economics at Princeton University and MIT. He has taught macroeconomics, microeconomics, statistics, and principles of economics. 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. 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. In addition, he maintains a very popular blog for students of economics at http://www.gregmankiw.blogspot.com.

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

I got this book for my economics class..
Trevon Phillips
It uses words that are easy to understand and examples that are easy to follow and help the student understand the concept being discussed.
dancarina99
There's been a lot happening in the field of economics since 2008, but Mankiw just presents the old, tired, worn free market drivel.
serlibre68

Most Helpful Customer Reviews

62 of 67 people found the following review helpful By Ron Cronovich TOP 500 REVIEWER on June 2, 2011
Format: Hardcover
I have taught intro-level econ courses for 17 years, both at a large state university and a small liberal arts college. I have used 6 or 7 different books, and read many others (in search of the best examples and the best ways of explaining concepts to students). Mankiw's book is the one I like best, and the one my students like best: Every time I try a different book, I have my students fill out a survey about the book at the end of the semester, and I urge them to be brutally honest. They consistently give Mankiw the highest marks.

The writing in Mankiw is very clear. Economics can be an intimidating subject, both to 18-year-olds just out of high school who haven't learned good study habits yet, and to adult learners coming back to college for the first time in many years. Mankiw is gifted at explaining complex concepts in ways that are easy to understand, though he never talks down to his reader.

He uses lots of examples that are easy to relate to. For example, take comparative advantage, one of the most fundamental, important, and non-controversial lessons of economics. Mankiw introduces this concept by asking the question "Should Tom Brady mow his own lawn?" One of the best football players in the history of the game probably could mow his lawn more quickly than just about anyone, but it's obvious that he has far more lucrative ways of spending his time, so it is mutually beneficial for him to hire someone to cut his lawn - even if the person he hires isn't absolutely as efficient at lawn-cutting. This is exactly the idea of comparative advantage, and students "get it" so much better when they read Mankiw's explanation of it. Mankiw explains many other complicated concepts using simple, easy to understand parables and examples.
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13 of 13 people found the following review helpful By J. Davis on August 24, 2011
Format: Hardcover
Let's face it--an economics textbook is never going to be thrilling. I don't see kids putting down Harry Potter to read this. But if you have to read a economics texbook, this is the best one to get. Mankiw keeps it from being too stuffy with some fun anecdotes from popular culture--in an earlier version, Tiger Woods was used as an example to discuss comparative advantage; since his debauchery Mankiw has replaced him with Tom Brady. While the author is a staunch Republican--he was Bush's top adviser for a few years--there is no sign of partisanship or ideology in the book.

As a side note, Mankiw is accessible@ his Harvard e-mail address; he will answer questions sent. His blog is gregmankiw.blogspot.com
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1 of 1 people found the following review helpful By Kirby on April 30, 2014
Format: Hardcover Verified Purchase
Because it's well written, interesting and allows you to learn the material without being bored to death. There's always funny examples in the text and some thought provoking sidebars. All in all, if your class requires this book, don't be afraid of the class!
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4 of 6 people found the following review helpful By Shanna on June 21, 2012
Format: Hardcover
I'm an econ major, so I used this book for an intro level econ class. I used a different econ textbook in high school when I took Ap Macroeconomics and Ap Microeconomics, and when I compare the two together, this one was definitely more user-friendly. It takes a conversational tone that still manages to appropriately and professionally convey information about economics. There are helpful real-world applications contained in the text and many practice problems at the end of each chapter. My only issue was that the book did not have an answer guide, so doing the practice problems was useless, since I didn't know if I was wrong or right.

Some of the chapters later on in the book can be a bit unwieldy, but that may also have to do with the increasing level of difficulty with the subject matter. I suggest not buying it off Amazon, since you can get it cheaper elsewhere (I paid under 100 dollars for my textbook) but I do suggest buying it if you have an econ class or want to learn more. It ties everything back to real life in a very effective, enlightening way. Economics is one of the most important subjects and it applies to everyone.
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1 of 1 people found the following review helpful By dan on August 15, 2014
Format: Hardcover Verified Purchase
This is the best of the 3 books. Macroeconomics and Microeconomics are the same book except for the last few chapters. Principles of Economics includes both.
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Format: Paperback Verified Purchase
This is an excellent book to read to get a good overview of economics. I found that the author is good at explaining the limitations of the models presented and when they are and are not useful. He also presents the various controversies in economics (eg minimum wage) without any obvious ideological bias.

I came away from reading the book with a good toolkit of models and the knowledge of when they can be used. This was exactly what I was after.

My main complaint is that the material on macroeconomics is pretty boring. But I think that comes with the territory. And as the author says Macroeconomics as a discipline is in a quite primitive state, so you need to have realistic expectations.
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Format: Hardcover Verified Purchase
Needed several books for College, and the cost of required books for College adds up fast. Purchased several and at a penny to 5 dollars the price was perfect.
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By Elliot Jimenez on March 19, 2014
Format: Hardcover Verified Purchase
The book is top quality and easy to comprehend. If enough practice is put into the examples catching on is a breeze
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