Principles of Economics 3rd Edition

by N. Gregory Mankiw (Author)

35 ratings

ISBN-13: 978-0324168624

ISBN-10: 0324168624

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In writing this textbook, Mankiw has tried to put himself in the position of someone seeing economics for the first time. The author's conversational writing style is superb for presenting the politics and science of economic theories to tomorrow's decision-makers. Because Mankiw wrote it for the students, the book stands out among all other principles texts by encouraging students to apply an economic way of thinking in their daily lives. Receiving such a praise as "perhaps the best ever" textbook in economic principles, it's no wonder Mankiw's prize project has quickly become one of the most successful books ever to be published in the college marketplace.

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Editorial Reviews

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.

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.

Professor Mankiw lives in Wellesley, Massachusetts, with his wife, three children, and border terrier Tobin.

Product details

Hardcover: 848 pages
Publisher: South-Western College Pub; 3 edition (February 19, 2003)
Language: English
ISBN-10: 0324168624
ISBN-13: 978-0324168624
Product Dimensions: 8.5 x 1.5 x 10 inches
Shipping Weight: 3.8 pounds (View shipping rates and policies)
Customer Reviews: 35 customer ratings
Amazon Best Sellers Rank: #546,094 in Books (See Top 100 in Books)
- #2407 in Economics (Books)
- #1564 in Economic History (Books)

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Customer reviews

5 star		64%
4 star		16%
3 star		10%
2 star		3%
1 star		6%

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Nette

Some of the details was overwhelming and made it difficult to relay or find

Reviewed in the United States on March 13, 2013

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I just recently started using The Principle of Economics; I need the material and thought it would be suited reference for high school Economics. This book has allotted overwhelming details relating to general subject matter and not enough information pertaining to certain subject matters. For example; Gross Domestic Product (GDP) could be found,(it is too babbling for me to find a reasonable example of his layout)nevertheless no example was given for GNP- Gross National Product, in the glossary or index column. I was able to find it in another Principle for Economics from the author; McMillan who was very informative and specific towards relaying the material needed for it readers. Here is a lightweight example; the Gross National Product (GNP) means the total dollar value of all final goods, services & structured produced in one year with the labor & property supplied by the United States resident. The Gross Domestic Product means- the dollar amount of all final goods & services within a country's national boarder in a year. If you love jumping around & long winded formatted material then this is the book for you, it just wasn't for me.

One person found this helpful

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Abacus

The best and most fun economics textbook

Reviewed in the United States on September 3, 2003

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Years back I read in The Economist an excellent review about this textbook at the time it first came out. The article suggested that the bible of econ textbook had been so far the one written by Paul Samuelson. But, The Economist book review made an excellent case that Mankiw textbook should become the prevailing introduction to economics textbook. Why is that? Well, Mankiw book covers all the subject and the technicalities Samuelson textbook covers. Additionally, Mankiw book is hip, current, entertaining, and fun to read. His economic examples are full of pop stars, movie stars, sports heroes, and other mass media public figure we all know off. He brings in as supportive educational material many columns from the Wall Street Journal, or New York Times written by famous economists such as Paul Krugman, and Lester Thurow among others.
A day after reading The Economist book review I bought the book. I read and studied it with so much pleasure over the next two months that I felt I was back in some of the best classes I had ever taken in undergrad and grad school. Today, as part of my work as an internal financial consultant for a major U.S. bank, I often do research projects regarding fairly esoteric economics issues. And, I often review and study specific chapters of this book to refresh my economics foundation. I gather by now you can tell I love this book. Anyone who has an interest in economics should acquire this book first as educational enjoyment, and second as an invaluable reference.

78 people found this helpful

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Khalid AlAhmad

Introducing Economy with simplicity

Reviewed in the United States on January 25, 2006

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I was one of those who wanted to learn all about economy "Macro and Micro" with out any complexities i wanted a text with such ease magniting ideas to understand economics principles and concepts without unnecessary complication. Once i read this book i noticed how intertaining it is and how Mankiw's did his job in a very objective way, his letter to send the complex economy that every body knows about in its simplistic form which i believe its a point that counts for him. In the other hand, i've read about many unsatisfied readers who keep saying that Mankiw was biasing and he is not pointing others views. Infact, i agree with them partially, but since what i need from this text is to understand the main concepts then i think i can deal with detail issues later when needed specially when am not living within United States and never been there so am not intrested dealing with arguments i've read in some reviews written and marked with a star or two !

Some thing honest to say, who wants to learn the general ideas about economy without dealing with debates and arguments or going deeper into unnecessary details then this book is recommended for you. Otherwise, read some other books that might be stuffed with such different views, arguments, and debates.

4 people found this helpful

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Raul Garcia Jr.

Four Stars

Reviewed in the United States on April 13, 2016

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Good read and study guide.

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Belen Wilson

Five Stars

Reviewed in the United States on April 23, 2018

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W/e good condition

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Susan J. Eisenberger

Great Econ Book

Reviewed in the United States on September 10, 2016

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It was all I expected it to be

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Jim from Minneapolis

Econ 101

Reviewed in the United States on July 9, 2009

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Well written. One of the better econ textbooks I have come into contact with. Starts out very basic (first few chapters) and then moves it's way up the complexity ladder, never getting overly complex. It's a good read for someone with no experience in economics (following along with classroom instruction) or someone who wants a quick refresher.

One person found this helpful

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Mankiw is a work of art

Reviewed in the United States on April 11, 2019

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truly is

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Top international reviews

Dan Merry

Very talented teacher

Reviewed in the United Kingdom on February 1, 2013

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Prof Mankiw is a fantastic teacher, although I have never attended one of his classes, his book is a genuine testimony of his standard. I have been a keen reader of economics essays for a few years but it is only recently I have decided to acquire the basics of this fascinating discipline. Indeed, my choice of reference could not have been better because principles of economics is a comprehensive introductory opus. The style is fluid and pleasant whereas the 36 chapters and 900 pages cover micro and macro economics. If you are into self learning, this is the book you need as it will provide with an understanding of the political and economic debate in your country and the world.

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Yinny

Book in a used status

Reviewed in Germany on May 22, 2017

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The book seems like quite used before. I was a little disappointed and expected a much better status of it.

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joan garber

Book Condition

Reviewed in the United Kingdom on February 12, 2015

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For a second hand book the condition was very good,much better than I expected.
Very pleased Thank you

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Amazon Customer

Five Stars

Reviewed in the United Kingdom on November 3, 2015

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very useful

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yenni

A very good book of economics principles

Reviewed in Japan on September 16, 2018

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This book is so cheap but all the content is still usefull as a new book one

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mac

plain english

Reviewed in Japan on March 8, 2004

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This book is written by Mankew in plain english. Its clear explanations are easy to understand even for us Japanese students as non native speakers.　If you are a student of English as second language, you can study both of English and Economics by this book.
This edition is for sale out of the USA, but as perfect as a hard back edition for sale in the USA. If you buy this edition, you also get a password to access to the online study material for 12 months long.
If you think to buy both of "Princiles of Macroeconomics" and "Principles of Microeconomics", I recomend you to buy one copy of this "Principles of Economics". This edition is all in one edition of two and plus more information included.
This text is written for the student of undergraduated. If you want to study in graduated level, you may afford Mankew's another famous "Macroeconomics".

13 people found this helpful

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JIANG HAIBIN

Quite good except a little bit expensive

Reviewed in Japan on October 8, 2013

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Quite good except a little bit expensive.
So, maybe a second-hand one is better.

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