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Using a clear, inviting writing style, this book emphasizes only the material that helps you better understand the world and economy in which you live. Reader learns to become a more astute participant in today's economy with a strong understanding of both the potential and limits of economic policy. The latest relevant examples bring microeconomic principles to life. Acclaimed author Gregory Mankiw explains, "I tried to put myself in the position of someone seeing economics for the first time. My goal is to emphasize the material that students should and do find interesting about the study of the economy."
This textbook aims to provide a comprehensive overview of the essentials of microeconomics. It offers an unprecedented depth of coverage, whilst allowing lecturers to 'tailor-make' their courses to suit personal priorities. Covering topics such as noncooperative game theory, information economics, mechanism design and general equilibrium under uncertainty, it is written in a clear, accessible and engaging style and provides practice exercises and a full appendix of terminology. It combines the results of the authors' experience of teaching microeconomics at Harvard and has been fully classroom-tested.
This book provides an engaging and topical introduction to the key issues in contemporary economics, including how different economic systems function; the boom and bust cycle of market economies; the impact of emerging markets; how price, supply and demand interact; the role of the banking and finance industry; whether we can emerge from recession and reduce poverty; the impact of economics on the environment. Global recession, ongoing problems in Eurozone economies, changing patterns in world trade, housing and currency markets are taken into account in this fully updated third edition.
The fifth edition of Romer's Advanced Macroeconomics continues its tradition as the standard text and the starting point for graduate macroeconomics courses and helps lay the groundwork for students to begin doing research in macroeconomics and monetary economics. Romer presents the major theories concerning the central questions of macroeconomics. The theoretical analysis is supplemented by examples of relevant empirical work, illustrating the ways that theories can be applied and tested. In areas ranging from economic growth and short-run fluctuations to the natural rate of unemployment and monetary policy, formal models are used to present and analyze key ideas and issues.
