Cover: Macroeconomics, 11th Edition by N. Gregory Mankiw

Macroeconomics

Eleventh Edition  ©2022 N. Gregory Mankiw Formats: E-book

Authors

  • Headshot of N. Gregory Mankiw

    N. Gregory Mankiw

    N. Gregory Mankiw is the Robert M. Beren Professor of Economics at Harvard University. He began his study of economics at Princeton University, where he received an A.B. in 1980. After earning a Ph.D. in economics from MIT, he began teaching at Harvard in 1985 and was promoted to full professor in 1987. At Harvard, he has taught both undergraduate and graduate courses in macroeconomics. He is also author of the best-selling introductory textbook Principles of Economics (Cengage Learning).

    Professor Mankiw is a regular participant in academic and policy debates. His research ranges across macroeconomics and includes work on price adjustment, consumer behavior, financial markets, monetary and fiscal policy, and economic growth. In addition to his duties at Harvard, he has been a research associate of the National Bureau of Economic Research, a member of the Brookings Panel on Economic Activity, a trustee of the Urban Institute, and an adviser to the Congressional Budget Office and the Federal Reserve Banks of Boston and New York. From 2003 to 2005 he was chairman of the President’s Council of Economic Advisers.

    Professor Mankiw lives in Wellesley, Massachusetts, with his wife, Deborah; children, Catherine, Nicholas, and Peter; and their border terrier, Tobin.

Table of Contents

Part I Introduction

Chapter 1 The Science of Macroeconomics

Chapter 2 The Data of Macroeconomics


Part II Classical Theory: The Economy in the Long Run

Chapter 3 National Income: Where It Comes From and Where It Goes

Chapter 4 The Monetary System: What It Is and How It Works

Chapter 5 Inflation: Its Causes, Effects, and Social Costs

Chapter 6 The Open Economy

Chapter 7 Unemployment and the Labor Market


Part III Growth Theory: The Economy in the Very Long Run

Chapter 8 Capital Accumulation as a Source of Growth

Chapter 9 Population Growth and Technological Progress

Chapter 10 Growth Empirics and Policy


Part IV Business Cycle Theory: The Economy in the Short Run

Chapter 11 Introduction to Economic Fluctuations

Chapter 12 Aggregate Demand I: Building the IS–LM Model

Chapter 13 Aggregate Demand II: Applying the IS–LM Model

Chapter 14 The Open Economy Revisited: The Mundell–Fleming Model and the Exchange-Rate Regime

Chapter 15 Aggregate Supply and the Short-Run Tradeoff Between Inflation and Unemployment


Part V Topics in Macroeconomic Theory and Policy

Chapter 16 A Dynamic Model of Economic Fluctuations

Chapter 17 Alternative Perspectives on Stabilization Policy

Chapter 18 Government Debt and Budget Deficits

Chapter 19 The Financial System: Opportunities and Dangers

Chapter 20 The Microfoundations of Consumption and Investment


Epilogue What We Know, What We Don’t

Product Updates

Authors

  • Headshot of N. Gregory Mankiw

    N. Gregory Mankiw

    N. Gregory Mankiw is the Robert M. Beren Professor of Economics at Harvard University. He began his study of economics at Princeton University, where he received an A.B. in 1980. After earning a Ph.D. in economics from MIT, he began teaching at Harvard in 1985 and was promoted to full professor in 1987. At Harvard, he has taught both undergraduate and graduate courses in macroeconomics. He is also author of the best-selling introductory textbook Principles of Economics (Cengage Learning).

    Professor Mankiw is a regular participant in academic and policy debates. His research ranges across macroeconomics and includes work on price adjustment, consumer behavior, financial markets, monetary and fiscal policy, and economic growth. In addition to his duties at Harvard, he has been a research associate of the National Bureau of Economic Research, a member of the Brookings Panel on Economic Activity, a trustee of the Urban Institute, and an adviser to the Congressional Budget Office and the Federal Reserve Banks of Boston and New York. From 2003 to 2005 he was chairman of the President’s Council of Economic Advisers.

    Professor Mankiw lives in Wellesley, Massachusetts, with his wife, Deborah; children, Catherine, Nicholas, and Peter; and their border terrier, Tobin.

Table of Contents

Part I Introduction

Chapter 1 The Science of Macroeconomics

Chapter 2 The Data of Macroeconomics


Part II Classical Theory: The Economy in the Long Run

Chapter 3 National Income: Where It Comes From and Where It Goes

Chapter 4 The Monetary System: What It Is and How It Works

Chapter 5 Inflation: Its Causes, Effects, and Social Costs

Chapter 6 The Open Economy

Chapter 7 Unemployment and the Labor Market


Part III Growth Theory: The Economy in the Very Long Run

Chapter 8 Capital Accumulation as a Source of Growth

Chapter 9 Population Growth and Technological Progress

Chapter 10 Growth Empirics and Policy


Part IV Business Cycle Theory: The Economy in the Short Run

Chapter 11 Introduction to Economic Fluctuations

Chapter 12 Aggregate Demand I: Building the IS–LM Model

Chapter 13 Aggregate Demand II: Applying the IS–LM Model

Chapter 14 The Open Economy Revisited: The Mundell–Fleming Model and the Exchange-Rate Regime

Chapter 15 Aggregate Supply and the Short-Run Tradeoff Between Inflation and Unemployment


Part V Topics in Macroeconomic Theory and Policy

Chapter 16 A Dynamic Model of Economic Fluctuations

Chapter 17 Alternative Perspectives on Stabilization Policy

Chapter 18 Government Debt and Budget Deficits

Chapter 19 The Financial System: Opportunities and Dangers

Chapter 20 The Microfoundations of Consumption and Investment


Epilogue What We Know, What We Don’t

Product Updates

When it comes to explaining Macroeconomics theory, research, and policy, there’s no one better than Mankiw. The number one book for the Intermediate Macro course, you’ll find that this text explains complex concepts with exceptional clarity. This new edition covers the economic impact of the Covid19 pandemic.

ISBN:9781319387990

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