Principles of Economics (MindTap Course List) 9th Edition

Author: N. Gregory Mankiw · Publisher: Cengage Learning · Language: English
ISBN-10: 0357038312 · ISBN-13: 978-0357038314

Overview

Principles of Economics (MindTap Course List), 9th Edition by N. Gregory Mankiw continues to be one of the most widely used and trusted introductions to economics. This edition blends clear explanations with current, real-world examples to help readers understand how economic principles apply to everyday decision-making and public policy. With a focus on the core ideas of incentives, trade-offs, and market interactions, the book helps students think like economists while developing analytical and critical thinking skills.

What You’ll Learn

1. The Core Principles of Economics
Understand the fundamental ideas of scarcity, opportunity cost, and how rational people make decisions based on incentives.

2. Supply, Demand, and Market Equilibrium
Explore how markets allocate resources efficiently and how shifts in demand and supply affect prices and production.

3. The Role of Government and Market Efficiency
Learn how taxation, regulation, and public policies can improve or distort market outcomes.

4. Measuring Economic Activity
Gain insights into GDP, inflation, and unemployment, and understand their significance for assessing economic performance.

5. Growth, Productivity, and Long-Term Prosperity
Study the drivers of economic growth, technological progress, and capital accumulation.

6. Money, Banking, and the Financial System
Examine the structure of the financial system, the role of central banks, and the mechanisms of monetary policy.

7. Fiscal Policy and Economic Stabilization
Understand how government spending and taxation influence aggregate demand and overall economic stability.

8. International Trade and Global Economics
Discover how comparative advantage, exchange rates, and trade policies shape the global economy.

Why This Book Matters

Principles of Economics (MindTap Course List), 9th Edition bridges the gap between theory and practice, helping students grasp how economics affects their daily lives. It provides a framework for understanding complex issues such as inflation, unemployment, globalization, and government policy, making it an essential foundation for anyone studying economics or related fields.

Who Should Read This Book

• Undergraduate students studying economics or business

• Educators teaching introductory economics courses

• Professionals seeking to refresh their understanding of economic principles

• Readers interested in understanding market behavior and policy impacts

Key Topics Covered

• Basic principles of microeconomics and macroeconomics

• Market behavior, supply, and demand

• Role of government and market efficiency

• National income and economic growth

• Money, banking, and financial systems

• Fiscal and monetary policy

• International trade and globalization

Conclusion

Principles of Economics (MindTap Course List), 9th Edition provides a clear and comprehensive understanding of how economies function. With its engaging style, practical examples, and analytical depth, Mankiw’s text remains a cornerstone resource for students and professionals seeking to understand both everyday economic decisions and large-scale economic forces.