Macroeconomics

Long the bestseller for the intermediate macroeconomics course, Greg Mankiw’s superbly crafted textbook maintains its authority, currency, and vitality edition after edition, and the new Eighth Edition is the most accomplished yet. Again, Mankiw provides an exceptionally clear and concise introduction to the macroeconomy, taking full account of the 2007-2009 financial crisis and the measures taken in response to it. In addition to a new chapter directly inspired by the crisis (Chapter 20, The Financial System: Opportunities and Dangers) the new edition also features new research, discussions, and case studies throughout, as well as the most extensive media/supplements package available for any intermediate macroeconomics. You are welcome to use the new Financial System: Opportunities and Dangers chapter this semester with students. We will keep it posted through early June to allow free access for all who wish to have students read it.

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
New! 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

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

New Organization!
Part V: Topics in Macroeconomic Theory
Thoroughly revised! 15. A Dynamic Model of Aggregate Demand and Aggregate Supply
16. Consumption
17. Investment

Part VI: Topics in Macroeconomic Policy
18. Stabilization Policy
19. Government Debt and Budget Deficits
New! 20. The Financial System: Opportunities and Crises

Epilogue: What We Know, What We Don’t

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Summary

Table of Contents

Supplemental Materials