Now in its seventh edition, Macroeconomics explains the essential principles of macroeconomics in a straightforward and engaging style. This fully updated new edition incorporates key developments such as dynamic pricing, perfect contestable markets, tariffs and technology in the age of Industry 4.0.
Known for its accessible approach and focus on active learning, this edition contains new critical thinking questions, relatable real-world examples and topical discussion of news stories to help students understand why macroeconomics matters.
The Mankiw & Taylor franchise is also available as a MindTap digital resource (purchased separately). This flexible online learning solution provides students with all the tools they need to succeed including an interactive eBook, engaging multimedia, practice questions, assessment materials, revision aids and analytics to help you track their progress.
PART 1: Introduction to economics
1. What is economics?
2. Thinking like an economist
3. The market forces of supply and demand
PART 2: The data of macroeconomics
4. Measuring a nations well-being and the price level
PART 3: The real economy in the long run
5. Production and growth
6. Unemployment and the labour market
PART 4: Long-run macroeconomics
7. Saving, investment and the financial system
8. The monetary system
9. Open-economy macroeconomics
PART 5: Short-run economic fluctuations
10. Business cycles
11. Keynesian economics and IS-LM analysis
12. Aggregate demand and aggregate supply
13. The influence of monetary and fiscal policy on aggregate demand
14. The short-run trade-off between inflation and unemployment
15. Supply-side policies
PART 6: International macroeconomics
16. Economic shocks
17. The European Union
18. Sustainability economics