Macroeconomics (8th Edition) by N. Gregory Mankiw

By N. Gregory Mankiw

Mankiw's masterful textual content covers the sphere as accessibly and concisely as attainable, in a fashion that emphasizes the relevance of macroeconomics's classical roots and its present perform. that includes the most recent info, new case reviews inquisitive about fresh occasions, and a few major content material updates, the 8th variation takes the Mankiw legacy even additional. It bargains the clearest, most recent, such a lot obtainable path in macroeconomics within the such a lot concise presentation attainable.

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It discusses the policy debates over stabilization policy, government debt, and financial crises. Summary 1. Macroeconomics is the study of the economy as a whole, including growth in incomes, changes in prices, and the rate of unemployment. Macroeconomists attempt both to explain economic events and to devise policies to improve economic performance. 2. To understand the economy, economists use models—theories that simplify reality in order to reveal how exogenous variables influence endogenous variables.

No matter their level of technical expertise, instructors will appreciate the i-clicker because the focus remains on teaching, not the technology. com. Dismal Scientist A high-powered business database and analysis service comes to the classroom! com around the world. Dismal Scientist is free when packaged with this text. com. indd ii 04/19/12 6:47 PM CHAPTER 1 The Science of Macroeconomics The whole of science is nothing more than the refinement of everyday thinking. —Albert Einstein W hen Albert Einstein made the above observation about the nature of science, he was probably referring to physics, chemistry, and other natural sciences.

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