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Principles of Microeconomics, 7th Edition, by N. Gregory Mankiw
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PRINCIPLES OF MICROECONOMICS, Seventh Edition, continues to be the most popular and widely-used text in the economics classroom. A text by a superb writer and economist that stresses the most important concepts without overwhelming students with an excess of detail. A thorough update has been made to keep all chapters fresh and relevant with current Economic coverage. MindTap, the cutting edge online environment is available with new enhancements that include Graph Builder and Adaptive Test Prep that allow students extra preparation in graph drawing and test review. The seventh edition premier ancillary package is the most extensive in the industry, using a team of instructors/preparers that have been with the project since the first edition.
- Sales Rank: #2019 in Books
- Brand: Mankiw, N. Gregory
- Published on: 2014
- Original language: English
- Number of items: 1
- Dimensions: 9.90" h x .80" w x 8.40" l, 2.05 pounds
- Binding: Paperback
- 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 at Harvard University. He studied economics at Princeton University and MIT. Dr. 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. Dr. 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.
Most helpful customer reviews
42 of 46 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.
14 of 15 people found the following review helpful.
Gets the job done, but nothing fancy here.
By Andrew McCaffrey
This book was the textbook used in a class I was enrolled in on microeconomics. Since it was only an introductory course, this book did a good job of covering a lot of the basic fundamentals that one needed to know before proceeding onto more advanced material. If all you are looking for is a rough guide to the subject without anything terribly in-depth, then this text work well for you. The sections that are touched on are covered extremely well and everything is explained with a lot of clarity. On the other hand, it is a rather frustrating read at times, as it breezes over some of the more interesting aspects of economics. It would have been helpful if the author had gone into more detail during certain sections, or at least had directed the reader to other publications where one could learn more.
Note to the buyer: Beware that the first six chapters in this book are identical to the first six chapters in PRINCIPLES OF MACROECONOMICS (note the "A") written by the same author. And I am not exaggerating when I say they are identical -- even the practice problems are the same. If you are looking for some variety in introducing yourself to economics, you may want to use a different set of books. To have this much repetition in books... may not be something you are interested in, so be careful before buying the second if you already own the first.
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