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Principles of Microeconomics, by N. Gregory Mankiw
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With its clear and engaging writing style, PRINCIPLES OF MICROECONOMICS, Seventh Edition, continues to be one of the most popular books on economics available today. Mankiw emphasizes material that you are likely to find interesting about the economy (particularly if you are studying economics for the first time), including real-life scenarios, useful facts, and the many ways economic concepts play a role in the decisions you make every day.
- Sales Rank: #40063 in Books
- Published on: 2014-01-01
- Original language: English
- Number of items: 1
- Dimensions: 10.00" h x 8.25" w x .75" l, 2.00 pounds
- Binding: Loose Leaf
- 520 pages
Review
"One of the reasons why we adopted the Mankiw text was because of its relevant concepts that students could really relate to. I would say to continue with this trend, and also be sure to use examples that relate to the current economic conditions that make sense to a beginner economics student."
"I have used Mankiw for several years, across at least 3 or 4 of its editions. I like the writing in the book--it's clear and exposits the ideas effectively. It covers topics that I want to cover, mostly in the order that I like to cover them. It's at the appropriate level for our students--not too difficult but not superficial either. I also like the fact that this book is very closely integrated with the Aplia system, which I believe is an important learning tool."
"Very student friendly text. Makes economics easy to understand. Some of the other texts would take a lot of reading to explain an idea."
About the Author
N. Gregory Mankiw is Robert M. Beren Professor of Economics and Chair of the Department of Economics at Harvard University. He studied economics at Princeton University and MIT. He has taught macroeconomics, microeconomics, statistics, and principles of economics. Professor Mankiw is a prolific writer and a regular participant in academic and policy debates. His research includes work on price adjustment, consumer behavior, financial markets, monetary and fiscal policy, and economic growth. His published articles have appeared in academic journals such as the AMERICAN ECONOMIC REVIEW, JOURNAL OF POLITICAL ECONOMY, and QUARTERLY JOURNAL OF ECONOMICS and in more widely accessible forums including THE NEW YORK TIMES, THE WASHINGTON POST, THE WALL STREET JOURNAL, and FORTUNE. In addition to his teaching, research, and writing, Professor Mankiw has been a research associate of the National Bureau of Economic Research, an adviser to the Federal Reserve Bank of Boston and the Congressional Budget Office, and a member of the ETS test development committee for the advanced placement exam in economics. From 2003 to 2005, he served as chairman of the President's Council of Economic Advisers. In addition, he maintains a very popular blog for students of economics at http://www.gregmankiw.blogspot.com.
Most helpful customer reviews
43 of 47 people found the following review helpful.
it's "all that and a bag of chips"
By Caraculiambro
This is a demanding high school (or undemanding college) introductory textbook on the subject. Only the most rudimentary algebra is required, and honestly one could easily get through the book without even that.
The edition is handsomely printed, with a font that's easy on the eye and plenty of colorful and helpfully-glossed graphs. The chapters themselves are not too long, which helps with a student's morale, believe me.
Recently I was put into a situation where I had to go, in the space of about 4 months, from knowing jack-squat about economics to being able to teach college-level macroeconomics!
Well, I frantically collected a ton of textbooks and articles about macroeconomics, ranging from the elementary to the abstruse and got to work.
And I gotta say: when something befuddled me and I found myself threshing about from text to text for the best explanation, it was nearly always Mankiw who came through with the critical phrasing that made the idea click and got me saying: "Ohhhhhh! I get it!" most often.
Not that this was always the case. There were times when I found better explanations elsewhere (e.g., Chapter 19, on the foreign currency market, is exasperatingly elliptical and could use a major dummying-down), but more often than not, Mr. Mankiw had the goods: the clearest and most easy-to-follow way of wording or graphing a slippery or counter-intuitive concept.
Of course, it's easy to hate Mr. Mankiw: he's young, he's handsome, he's brilliant (one of the youngest full professors ever at Harvard), and he's rich (his textbooks are now standard in AP courses nationwide). Jerk!
Because of these reasons, I would love to trash his book, showing how it "ain't all that."
Well, it is. Gulp.
Only one note: If you're planning on getting this book to study macroeconomics independently, you will find one irritating drawback: there are exercises at the end of each chapter, but no answers in the back. Essentially, therefore, it's a book for schoolchildren, not mature learners.
But its explanations -- believe me -- can't be beat.
12 of 12 people found the following review helpful.
Very comprehensive and well written!
By A Customer
I use this book in my economics class and all I can say is that is excellent. The author describes the basic concepts without being too complicated and messy. He keeps the things simple and incorporates some real-life economic problems and discussions into each chapter. The book overall provides a clear insight into microeconomics and shows what it is all about.
12 of 13 people found the following review helpful.
Amazingly Insightful
By NavySeal
This book was a requirement for my intro level microeconomics course. I would like to being by saying that this book is an incredibly easy read. It isn't extremely boring and dry and it isn't extremely fun with little important information. It contains all of the relevant information. The way the book delivers the information is astounding. You read through a block of text and then the book displays graphical examples with captions below to help interpret the graph. The online homework that I had to do along with the book made retaining the important information extremely easy. Economics comes relatively easy to me, but the addition of this great textbook made getting an A almost too easy. I didn't even show up to lecture about one third of the time because Dr. Mankiw does such a well job of explaining the material.
Pros:
Easy Read
Distilled Useful Information
Graphical Representation of Content
Cons:
Nothing
I would highly recommend this textbook. It is probably the most efficient and useful text for learning introductory microeconomics.
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