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Main Authors:	Mankiw, Nicholas Gregory 1958- (Author), Taylor, Mark P. 1958- (Author)
Format:	Book
Language:	English
Published:	Andover South-Western Cengage Learning 2014
Edition:	3. ed.
Subjects:	EMU Macro-economie Makroökonomik Vraag en aanbod Wirtschaft Economics Volkswirtschaftslehre Wirtschaftswissenschaften Makroökonomie Mikroökonomie Arabische Staaten Lehrbuch
Links:	http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=027302763&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA
Physical Description:	XII, 822 S. Ill., graph. Darst.
ISBN:	9781408093795

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MARC


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adam_text	BRIEF CONTENTS About the authors ¡χ Preface χ Supplements xi Acknowledgements xiii PART 1 Introduction to economics ι 1 Ten principles of economics 1 2 Thinking like an economist 17 PART 2 Supply and demand: How markets work 41 3 The market forces of supply and demand 41 4 Elasticity and its applications 72 5 Background to demand: The theory of consumer choice 102 6 Background to supply: Firms in competitive markets 134 PART3 Markets, efficiency and welfare юэ 7 Consumers, producers and the efficiency of markets 169 8 Supply, demand and government policies 187 PART 4 The economics of the public Sector 203 9 The tax system and the costs of taxation 203 PART 5 Inefficient market allocations 221 10 Public goods, common resources and merit goods 221 11 Externalities and market failure 239 12 Information and behavioural economics 264 PART 6 Firm behaviour and market structures 27g 13 Firms production decisions 279 14 Market structures I: Monopoly 290 15 Market structures II: Monopolistic competition 314 16 Market structures III: Oligopoly 329 PART 7 Factor markets 355 17 The economics of labour markets 355 PART 8 Inequality 385 18 Income inequality and poverty 385 PART 9 Trade 405 19 Interdependence and the gains from trade 405 PART 10 The data of macroeconomics 437 20 Measuring a nation s income 437 21 Measuring the cost of living 456 PARTII The real economy in the long run 473 22 Production and growth 473 23 Unemployment 497 PART 12 Interest rates, money and prices in the long run 519 24 Saving, investment and the financial system 519 25 The basic tools of finance 539 26 The monetary system 558 27 Money growth and inflation 583 PART 13 The macroeconomics of open economies 605 28 Open-economy macroeconomics: Basic concepts 605 29 A macroeconomic theory of the open economy 622 PART 14 Short-run economic fluctuations 637 30 Business cycles 637 31 Keynesian economics and IS-LM analysis 655 32 Aggregate demand and aggregate supply 679 33 The influence of monetary and fiscal policy on aggregate demand 702 34 The short-run trade-off between inflation and unemployment 721 35 Supply-side policies 745 PART 15 International macroeconomics 759 36 Common currency areas and european monetary union 759 37 The financial crisis and sovereign debt 782 CONTENTS About the authors ix Preface χ Supplements xi Acknowledgements xiii PART1 INTRODUCTION TO ECONOMICS 1 Ten principles of economics ι What is economics? 1 How people make decisions 2 How people interact 6 How the economy as a whole works 8 Conclusion 12 4 Elasticity and its applications 72 The price elasticity of demand 72 Other demand elasticities 81 Price elasticity of supply 83 Applications of supply and demand elasticity 95 5 Background to demand: The theory of consumer choice 102 The standard economic model 102 The budget constraint: What the consumer can afford 104 Preferences: What the consumer wants 108 Optimization: What the consumer chooses 113 Summary: Do people really think this way? 126 Behavioural approaches to consumer behaviour 126 Thinking like an economist 17 Introduction 17 The economist as scientist 17 The economist as policy advisor 23 Why economists disagree 24 Let s get going 28 Appendix Graphing and the tools of economics: A brief review 30 PART 2 SUPPLY AND DEMAND: HOW MARKETS WORK 3 The market forces of supply and demand 41 Markets and competition 41 Demand 43 Supply 50 Supply and demand together 56 Conclusion: How prices allocate resources 67 Background to supply: Firms in competitive markets 134 The costs of production 134 Production and costs 135 The various measures of cost 138 Costs in the short run and in the long run 145 Summary 146 Returns to scale 147 What is a competitive market? 150 Profit maximization and the competitive firm s supply curve 153 The supply curve in a competitive market 160 Conclusion: Behind the supply curve 164 PART3 MARKETS, EFFICIENCY AND WELFARE 7 Consumers, producers and the efficiency of markets 169 Consumer surplus 170 Producer surplus 176 Market efficiency 179 Conclusion: Market efficiency and market failure 183 IV CONTENTS w 8 Supply, demand and government policies 187 Controls on prices 187 Taxes 192 Subsidies 198 Conclusion 199 12 Information and behavioural economics 264 Principal and agent 264 Asymmetric information 265 Deviations from the standard economic model 271 Conclusion 274 PART 4 THE ECONOMICS OF THE PUBLIC SECTOR 9 The tax system and the costs of taxation 203 Taxes and efficiency 203 The deadweight loss of taxation 204 Administrative burden 210 The design of the tax system 211 Taxes and equity 214 Conclusion 216 PART 5 INEFFICIENT MARKET ALLOCATIONS 10 Public goods, common resources and merit goods 221 The different kinds of goods 222 Public goods 223 Common resources 230 Merit goods 232 Conclusion 234 11 Externalities and market failure 239 Externalities 239 Externalities and market inefficiency 240 Private solutions to externalities 244 Public policies towards externalities 248 Public/private policies towards externalities 251 Government failure 254 Conclusion 260 PART 6 FIRM BEHAVIOUR AND MARKET STRUCTURES 13 Firms production decisions 279 Isoquants and isocosts 279 The least-cost input combination 284 Conclusion 286 14 Market structures I: Monopoly 290 Imperfect competition 290 Why monopolies arise 291 How monopolies make production and pricing decisions 294 The welfare cost of monopoly 300 Price discrimination 303 Public policy towards monopolies 307 Conclusion: The prevalence of monopoly 309 15 Market structures II: Monopolistic competition 314 Competition with differentiated products 315 Advertising and branding 319 Contestable markets 323 Conclusion 324 16 Market structures III: Oligopoly 329 Characteristics of oligopoly 329 Game theory and the economics of cooperation 335 Models of oligopoly 344 Public policy toward oligopolies 347 Conclusion 350 vi CONTENTS PART 7 FACTOR MARKETS 17 The economics of labour markets 355 The demand for labour 356 The supply of labour 360 Equilibrium in the labour market 364 Wage differentials 367 The economics of discrimination 373 The other factors of production: Land and capital 376 Economic rent 379 Conclusion 380 PART 8 INEQUALITY 18 Income inequality and poverty 385 The measurement of inequality 386 The political philosophy of redistributing income 395 Conclusion 401 PART 10 THE DATA OF MACROECONOMICS 20 Measuring a nation s income 437 The economy s income and expenditure 438 The measurement of gross domestic product 439 The components of GDP 441 Real versus nominal GDP 445 GDP and economic well-being 449 Conclusion 452 21 Measuring the cost of living 456 The consumer prices index 456 Correcting economic variables for the effects of inflation 465 Conclusion 468 PART 11 THE REAL ECONOMY IN THE LONG RUN PART 9 TRADE 19 Interdependence and the gains from trade 405 The production possibilities frontier 405 International trade 4io The principle of comparative advantage 414 The determinants of trade 418 The winners and losers from trade 420 Restrictions on trade 423 Conclusion 431 22 Production and growth 473 Economic growth around the world 474 Growth theory 476 Productivity: Its role and determinants 477 Economic growth and public policy 482 Conclusion: The importance of long-run growth 493 23 Unemployment 497 Identifying unemployment 497 Job search 504 Minimum wage laws 506 Unions and collective bargaining 508 The theory of efficiency wages 510 The cost of unemployment 511 Conclusion 514 CONTENTS vii PART 12 INTEREST RATES, MONEY AND PRICES IN THE LONG RUN 24 Saving, investment and the financial System 519 Financial institutions in the economy 520 Saving and investment in the national income accounts 527 The market for loanable funds 530 Conclusion 535 25 The basic tools of finance 539 Present value: Measuring the time value of money 539 Managing risk 541 Asset valuation 548 Conclusion 554 26 The monetary system 558 The meaning of money 559 The role of central banks 565 The European Central Bank and the Eurosystem 566 The Bank of England 567 Banks and the money supply 568 Conclusion 579 27 Money growth and inflation 583 The classica! theory of inflation 584 The costs of inflation 594 Conclusion 599 PART 13 THE MACROECONOMICS OF OPEN ECONOMIES 28 Open-economy macroeconomics: Basic Concepts 605 The international flows of goods and capital 606 The prices for international transactions: Real and nominal exchange rates 609 A first theory of exchange rate determination: Purchasing power parity 612 Conclusion 618 29 A macroeconomic theory of the open economy 622 Supply and demand for loanable funds and for foreign currency exchange 622 Equilibrium in the open economy 625 How policies and events affect an open economy 628 Conclusion 634 PART 14 SHORT-RUN ECONOMIC FLUCTUATIONS 30 Business Cycles Є37 Trend growth rates 638 Causes of changes in the business cycle 645 Business cycle models 646 Conclusion 650 31 Keynesian economics and IS-LM analysis 655 The Keynesian cross 655 The multiplier effect 659 The IS and LM curves 665 General equilibrium using the IS-LM model 667 From IS-LM to aggregate demand 669 Conclusion 675 32 Aggregate demand and aggregate Supply 679 Three key facts about economic fluctuations 679 Explaining short-run economic fluctuations 680 The aggregate demand curve 682 The aggregate supply curve 686 Two causes of economic fluctuations 691 New Keynesian economics 697 Conclusion 698 33 The influence of monetary and fiscal policy on aggregate demand 702 How monetary policy influences aggregate demand 702 How fiscal policy influences aggregate demand 709 Using policy to stabilize the economy 713 Conclusion 716 viii CONTENTS 34 The short-run trade-off between inflation 37 The financial crisis and sovereign and unemployment 721 debt 782 The Phillips curve 721 Bubbles and speculation 782 Shifts in the Phillips curve: The role of The sovereign debt crisis 793 expectations 724 Austerity policies - too far too quickly? 797 The long-run vertical Phillips curve as an argument for Central Bank independence 730 r Shifts in the Phillips curve: the role of supply , . , . .,„„ ndex 8U shocks 732 _ ,, tu t -j · π ■ -,„, Credits 820 The cost of reducing inflation 734 Inflation targeting 739 Conclusion 740 35 Supply-side policies 745 Shifts in the aggregate supply curve 745 Types of supply-side policies 749 Conclusion 756 PART 15 INTERNATIONAL MACROECONOMICS 36 Common currency areas and European monetary union 759 The euro 760 The single European market and the euro 760 The benefits and costs of a common currency 762 The theory of optimum currency areas 765 Is Europe an optimum currency area? 768 Fiscal policy and common currency areas 772 Conclusion 777
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spellingShingle	Mankiw, Nicholas Gregory 1958- Taylor, Mark P. 1958- Economics EMU gtt Macro-economie gtt Makroökonomik stw Vraag en aanbod gtt Wirtschaft Economics Volkswirtschaftslehre (DE-588)4078943-3 gnd Wirtschaftswissenschaften (DE-588)4066528-8 gnd Makroökonomie (DE-588)4037174-8 gnd Mikroökonomie (DE-588)4039225-9 gnd
subject_GND	(DE-588)4078943-3 (DE-588)4066528-8 (DE-588)4037174-8 (DE-588)4039225-9 (DE-588)4068789-2 (DE-588)4123623-3
title	Economics
title_auth	Economics
title_exact_search	Economics
title_full	Economics N. Gregory Mankiw ; Mark P. Taylor
title_fullStr	Economics N. Gregory Mankiw ; Mark P. Taylor
title_full_unstemmed	Economics N. Gregory Mankiw ; Mark P. Taylor
title_short	Economics
title_sort	economics
topic	EMU gtt Macro-economie gtt Makroökonomik stw Vraag en aanbod gtt Wirtschaft Economics Volkswirtschaftslehre (DE-588)4078943-3 gnd Wirtschaftswissenschaften (DE-588)4066528-8 gnd Makroökonomie (DE-588)4037174-8 gnd Mikroökonomie (DE-588)4039225-9 gnd
topic_facet	EMU Macro-economie Makroökonomik Vraag en aanbod Wirtschaft Economics Volkswirtschaftslehre Wirtschaftswissenschaften Makroökonomie Mikroökonomie Arabische Staaten Lehrbuch
url	http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=027302763&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA
work_keys_str_mv	AT mankiwnicholasgregory economics AT taylormarkp economics

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