Macroeconomics/ N. Gregory Mankiw

Part I Introduction 1
1 Ten Principles of Economics 3
2 Thinking Like an Economist 21
3 Interdependence and the Gains from Trade 49

Part II How Markets Work 63
4 The Market Forces of Supply and Demand 65
5 Elasticity and Its Application 89
6 Supply, Demand, and Government Policies 111

Part III Markets and Welfare 133
7 Consumers, Producers, and the Efficiency of Markets 135
8 Application: The Costs of Taxation 155
9 Application: International Trade 171

Part IV The Data of Macroeconomics 193
10 Measuring a Nation’s Income 195
11 Measuring the Cost of Living 217

Part V The Real Economy in the Long Run 233
12 Production and Growth 235
13 Saving, Investment, and the Financial System 259
14 The Basic Tools of Finance 281
15 Unemployment 297

Part VI Money and Prices in the Long Run 321
16 The Monetary System 323
17 Money Growth and Inflation 347

Part VII The Macroeconomics of Open Economies 373
18 Open-Economy Macroeconomics: Basic Concepts 375
19 A Macroeconomic Theory of the Open Economy 399

Part VIII Short-Run Economic Fluctuations 421
20 Aggregate Demand and Aggregate Supply 423
21 The Influence of Monetary and Fiscal Policy on Aggregate Demand 461
22 The Short-Run Trade-off between Inflation and Unemployment 489


Part IX Final Thoughts 513
23 Six Debates over Macroeconomic Policy 515