Economics (4th edition)

Economics (4th edition)

By: Mark Taylor (author), N. Gregory Mankiw (author)Paperback

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Now firmly established as one of the leading economics principles texts in the UK and Europe, this exciting new fourth edition of Economics by N. Gregory Mankiw (Harvard University) and Mark P. Taylor (Washington University), has been fully updated. New topics have been added in including theories on, for example, Marxist and Feminist theories on labour giving wider context to economic issues. A new chapter on Issues in Financial markets has been added covering the financial crisis and its causes and the final chapter has been updated to reflect the post-crisis world and how theories of the crisis have emerged.

About Author

Mark P. Taylor is Dean of the John M Olin Business School at Washington University, US and was previously Dean of Warwick Business School at the University of Warwick, UK. He obtained his first degree in philosophy, politics and economics from Oxford University. He then worked as a foreign exchange dealer in London for two years while simultaneously studying part-time for a master's degree in economics at London University, from where he also holds a doctorate in economics. Professor Taylor has taught economics at various universities (including Warwick, Oxford, Marseille and New York), at various levels (from principles courses to advanced graduate and MBA courses) and in various fields (including macroeconomics, microeconomics and econometrics). He also worked for several years as a senior economist at the International Monetary Fund and before that at the Bank of England. His work has been extensively published in scholarly journals, such as the Journal of Political Economy and the Economic Journal, and he is today one of the most highly cited economists in the world in economic research. In addition, Professor Taylor has acted as an advisor to the International Monetary Fund, the World Bank, the Bank of England, the European Commission and to senior members of the UK government. He is a research fellow of the Centre for Economic Policy Research, a member of council of the Royal Economic Society, and a fellow of both the Royal Statistical Society and the Royal Society of Arts. 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.


Part 1 Introduction to Economics 1 What is economics? 2 Thinking like an economist Part 2 Supply and Demand: How markets work 3 The market forces of supply and demand 4 Elasticity and its applications 5 Background to demand: Consumer choices 6 Background to supply: Firms in competitive markets Part 3 Markets, efficiency and welfare 7 Consumers, producers and the efficiency of markets 8 Supply, demand and government policies Part 4 The economics of the public sector 9 The tax system Part 5 Inefficient market allocations 10 Public goods, common resources and merit goods 11 Market failure and externalities 12 Information and behavioural economics Part 6 Firm behaviour and market structures 13 Firms' production decisions 14 Market structures I: Monopoly 15 Market structures II: Monopolistic competition 16 Market structures III: Oligopoly Part 7 Factor markets 17 The economics of factor markets Part 8 Inequality 18 Income inequality and poverty Part 9 Trade 19 Interdependence and the gains from trade Macroeconomics prologue Part 10 The data of macroeconomics 20 Measuring a nation's well-being 21 Measuring the cost of living Part 11 The real economy in the long run 22 Production and growth 23 Unemployment Part 12 Interest rates, money and prices in the long run 24 Saving, investment and the financial system 25 The basic tools of finance 26 Issues in Financial Markets 27 The monetary system 28 Money growth and inflation Part 13 The macroeconomics of open economies 29 Open-economy macroeconomics: Basic concepts 30 A macroeconomic theory of the open economy Part 14 Short-run economic fluctuations 31 Business cycles 32 Keynesian economics and IS-LM analysis 33 Aggregate demand and aggregate supply 34 The influence of monetary and fiscal policy on aggregate demand 35 The short-run trade-off between inflation and unemployment 36 Supply-side policies Part 15 International macroeconomics 37 Common currency areas and European monetary union 38 The financial crisis and sovereign debt List of formulas

Product Details

  • ISBN13: 9781473725331
  • Format: Paperback
  • ID: 9781473725331
  • weight: 1380
  • ISBN10: 147372533X
  • edition: 4th edition

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