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Front Cover 1 Title Page 4 Copyright 5 Table of Contents 17 Preface: To the Student 10 PART I: INTRODUCTION 26 CHAPTER 1 TEN PRINCIPLES OF ECONOMICS 28 How People Make Decisions 29 How People Interact 33 How the Economy as a Whole Works 37 Conclusion 40 Summary 42 Key Concepts 42 Questions for Review 43 Problems and Applications 43 CHAPTER 2 THINKING LIKE AN ECONOMIST 46 The Economist as Scientist 47 The Economist as Policy Adviser 55 Why Economists Disagree 59 Let's Get Going 61 Summary 63 Key Concepts 63 Questions for Review 63 Problems and Applications 63 APPENDIX: Graphing: A Brief Review 65 Graphs of a Single Variable 65 Graphs of Two Variables: The Coordinate System 66 Curves in the Coordinate System 67 Slope 69 Cause and Effect 71 CHAPTER 3 INTERDEPENDENCE AND THE GAINS FROM TRADE 74 A Parable for the Modern Economy 75 Comparative Advantage: The Driving Force of Specialization 79 Applications of Comparative Advantage 82 Conclusion 85 Summary 85 Key Concepts 85 Questions for Review 86 Problems and Applications 86 PART II: HOW MARKETS WORK 88 CHAPTER 4 THE MARKET FORCES OF SUPPLY AND DEMAND 90 Markets and Competition 91 Demand 92 Supply 98 Supply and Demand Together 102 Conclu
- Author
- N. Gregory Mankiw
- Language
- EN
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