Description
In writing this textbook, Mankiw has tried to put himself in the position of someone seeing economics for the first time. The author's conversational writing style presents the politics and science of economic theories to tomorrow's decision-makers.More of this book is devoted to applications-and less to formal economic theory than is the case with many other books written for the principles course. Most chapters include case studies illustrating how the principles of economics are applied. In addition, "In The News" boxes offer excerpts from newspaper articles showing how economic ideas shed light on current issues facing society. After students finish their first course in economics, they should think about news stories from a new perspective and with greater insight.
Although the principles of economics are timeless, the application of those principles changes over time as events unfold and as policymakers consider new initiatives. To keep the study of economics fresh and relevant for each new cohort of students, teachers of economics must constantly update their courses. This new edition contributes to that effort by including dozens of new case studies and boxes.
ISBN:9780324423501
