Macroeconomics

Bringing the leading edge of macroeconomics theory, research, and policy to the classroom, Macroeconomics explains intricate concepts with perfect clarity, helping you apply the analytical tools of macroeconomics to current events and policies.

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, 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.

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
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 and the Labor Market
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
Part V: Topics in Macroeconomic Theory
Thoroughly revised! 15. A Dynamic Model of Economic Fluctuations
16. Understanding Consumer Behavior
17. The Theory of Investment
Part VI: Topics in Macroeconomic Policy
18. Alternative Perspectives on Stabilization Policy
19. Government Debt and Budget Deficits
20. The Financial System: Opportunities and Dangers
Epilogue: What We Know, What We Don’t