Mankiw’s Macroeconomics has been the number one book for the intermediate macro course since the publication of the first edition. It maintains that bestselling status by continually bringing the leading edge of macroeconomics theory, research, and policy to the classroom, explaining complex concepts with exceptional clarity. This new edition is no exception, with Greg Mankiw streamlining his hallmark approach and adding powerful new digital learning options while improving the book's already exemplary focus on teaching students to apply the analytical tools of macroeconomics to current events and policies.

 

Part I: Introduction
1. The Science of Macroeconomics
2. The Data of Macroeconomics
Part II: Classical Theory: The Economy in the Long Run
3. National Income: Where It Comes From and Where It Goes
4. The Monetary System: What It Is and How It Works
5. Inflation: Its Causes, Effects, and Social Costs
6. The Open Economy
7. Unemployment and the Labor Market
Part III: Growth Theory: The Economy in the Very Long Run
8. Economic Growth I: Capital Accumulation and Population Growth
9. Economic Growth II: Technology, Empirics, and Policy
Part IV: Business Cycle Theory: The Economy in the Short Run
10. Introduction to Economic Fluctuations
11. Aggregate Demand I: Building the IS-LM Model
12. Aggregate Demand II: Applying the IS-LM Model
13. The Open Economy Revisited: The Mundell-Fleming Model and the Exchange-Rate Regime
14. Aggregate Supply and the Short-run Tradeoff Between Inflation and Unemployment
Part V: Topics in Macroeconomic Theory
Thoroughly revised! 15. A Dynamic Model of Economic Fluctuations
16. Understanding Consumer Behavior
17. The Theory of Investment
Part VI: Topics in Macroeconomic Policy
18. Alternative Perspectives on Stabilization Policy
19. Government Debt and Budget Deficits
20. The Financial System: Opportunities and Dangers
Epilogue: What We Know, What We Don’t