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Principles of Economics 5th Edition

4.3 out of 5 stars 136 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. Dr. 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. Dr. 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: Cengage Learning; 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 (136 customer reviews)
  • Amazon Best Sellers Rank: #111,591 in Books (See Top 100 in Books)

Customer Reviews

Top Customer Reviews

By Trevor Burnham VINE VOICE on March 12, 2009
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 Verified Purchase
This book is the same as the newer version with a different model here and there but otherwise this edition and the 5th edition are the same. So save money by buying this one.
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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 Verified Purchase
Its a pretty good read, simple, but can be boring if you're not keeping up with the concepts, it might seem like gibberish at that point. But, every chapter mostly refers back to the first 8 chapters or so and every chapter after that is really easy to understand because the author re-explains things and does a nice job to help you understand the dynamics and to speak and understand the language of economics which always seemed so foreign to me with interest, taxes, GDP, medicare, net worth, and all this jazz, but it makes more sense to me now.
I took a 6 week class so I only wish I had the time to soak it in much more
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Format: Hardcover Verified Purchase
I had to get this book for a class, so I wasn't expecting much. I was pleasantly surprised. The book is well written and easy to understand and has examples of economic policy and their outcomes. Good if you want to learn about economics even without an instructor.
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Format: Paperback Verified Purchase
I bought this book for my Economics 110 class and it was in great condition. The book clearly defines the terms used in economics and provides examples of graphs to help you understand the application of the information that you learn. One of the best textbooks I've had.
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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: Paperback
I'm a professor of economics who has used Mankiw for both micro and macro for a number of years. Last fall, the publisher sent me a copy of the study guide and I admit that I am very impressed. While the readings might not be very useful if you're already reading the text...the problems are wonderful! I am a FIRM believer that students cannot fully learn economics unless they put pencil to paper and actually practice. The benefit of the material in this over the questions in the textbook is that it provides the ANSWERS. The answers are in the back of the book and are very helpful for understanding why the correct answer is correct.

I hesitate to give 5 stars because I think that some of the "advanced thinking" questions do not have one correct answer. Students could provide answers in a variety of ways that are correct and the answer key does not always acknowledge this fact.

Regardless, I think it's a VERY useful study tool and I plan to encourage my students to buy it as a way to achieve high grades in both macro and micro.
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