Essentials of Economics, International Edition

Part One: INTRODUCTION. 1. Ten Principles of Economics. 2. Thinking Like an Economist. 3. Interdependence and the Gains from Trade. Part Two: HOW MARKETS WORK. 4. The Market Forces of Supply and Demand. 5. Elasticity and Its Application. 6. Supply, Demand, and Government Policies. Part Three: MARKETS AND WELFARE. 7. Consumers, Producers, and the Efficiency of Markets. 8. Application: The Costs of Taxation. 9. Application: International Trade. Part Four: THE ECONOMICS OF THE PUBLIC SECTOR. 10. Externalities. 11. Public Goods and Common Resources. Part Five: FIRM BEHAVIOR AND THE ORGANIZATION OF INDUSTRY. 12. The Costs of Production. 13. Firms in Competitive Markets. 14. Monopoly. Part Six: THE DATA OF MACROECONOMICS. 15. Measuring a Nation's Income. 16. Measuring the Cost of Living. Part Seven: THE REAL ECONOMY IN THE LONG RUN. 17. Production and Growth. 18. Saving, Investment, and the Financial System. 19. The Basic Tools of Finance. 20. Unemployment and Its Natural Rate. Part Eight: MONEY AND PRICES IN THE LONG RUN. 21. The Monetary System. 22. Money Growth and Inflation. Part Nine: SHORT RUN ECONOMIC FLUCTUATIONS. 23. Aggregate Demand and Aggregate Supply. 24. The Influence of Monetary and Fiscal Policy on Aggregate Demand. Glossary. Index.

Nicholas Gr. Mankiw is Professor of Economics at Harvard University, USA. He is also a research associate of the National Bureau of Economic Research, a member of the Brookings Panel on Economic Activity, and an adviser to the Federal Reserve Bank of Boston and the Congressional Budget Office.