Essentials of Economics, 6th Edition

  • N. Gregory Mankiw Harvard University
  • ISBN-10: 0538453087
  • ISBN-13: 9780538453080
  • 592 Pages Hardcover 
  • Previous Editions: 2009, 2007, 2004
  • © 2012 | Published
  • List Price = $ 286.95
  • For quantity discounts, Contact your Representative
  • For single copy purchases, visit CengageBrain.com
 

About The Solution

Overview

With its clear and engaging writing style, ESSENTIALS OF ECONOMICS, Sixth 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.


Additional Product Information

Features/Benefits

  • Created by economist Ron Cronovich of Carthage College, the ground breaking Premium PowerPoint® Presentations feature chapter-by-chapter slides designed to ease your course preparation time while increasing student involvement in the classroom through interactive examples and applications. The presentations organize lecture points into sections that students can easily digest, animate graphs the way you might draw them, and include Student Note Prompt handouts to facilitate effective note taking without distracting students from active participation in class.
  • "In the News" boxes include excerpts from many newspaper articles and encourage students to apply basic economic theory to discover how economics can provide an illuminating new perspective and enable greater understanding of world events.
  • "FYI" boxes provide additional material to expand key concepts and discussions by offering a glimpse into the history of economic thought, clarifying technical issues, and exploring supplementary topics you might choose to complement your core lectures.
  • Economic theory is most useful and interesting when applied to actual events and policies, which is why the text contains numerous Case Studies to vividly illustrate the real-world applications and consequences of key principles.
  • "Quick Quizzes" follow each major section to help students check their comprehension of what they just learned and to focus their review when preparing for exams.
  • Each chapter contains a variety of problems and applications that encourage students to apply the material they have learned. These practical, interesting activities serve equally well as homework assignments and starting points for lively classroom discussions.

What's New

  • The sixth edition will be available with the most advanced new products for student and instructor choice, engagement, and outcomes. Aplia, the best-selling online homework solution, will be available with ApliaText, a complete interactive digital edition of the Mankiw text embedded right in the Aplia online course. CourseMate is a new product that integrates a digital edition of the textbook with a suite of student engagement tools such as video, graphing practice, tutorials, games, and more. CourseMate also includes Engagement Tracker, which lets professors see which of the resources students are actually using.
  • The new sixth edition of ESSENTIALS OF ECONOMICS contains extensively updated coverage of areas impacted by the financial crisis.
  • New "Problems and Applications" appear throughout the sixth edition, providing an effective, integrated way for students to assess their mastery of the material and to review more efficiently for assignments and exams.

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ISBN-10: 1111665575  | ISBN-13: 9781111665579
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Table of Contents

About the Author.
Brief Contents.
Table of Contents.
Preface.
PART I: INTRODUCTION.
1. Ten Principles of Economics.
2. Thinking Like an Economist.
3. Interdependence and the Gains from Trade.
PART II: HOW MARKETS WORK.
4. The Market Forces of Supply and Demand.
5. Elasticity and Its Application.
6. Supply, Demand, and Government Policies.
PART III: MARKETS AND WELFARE.
7. Consumers, Producers, and the Efficiency of Markets.
8. Application: The Costs of Taxation.
9. Application: International Trade.
PART IV: THE ECONOMICS OF THE PUBLIC SECTOR.
10. Externalities.
11. Public Goods and Common Resources.
Part V: Firm Behavior and the Organization of Industry.
12. The Costs of Production.
13. Firms in Competitive Markets.
14. Monopoly.
PART VI: THE DATA OF MACROECONOMICS.
15. Measuring a Nation's Income.
16. Measuring the Cost of Living.
PART VII: 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 VIII: MONEY AND PRICES IN THE LONG RUN.
21. The Monetary System.
22. Money Growth and Inflation.
PART IX: SHORT-RUN ECONOMIC FLUCTUATIONS.
23. Aggregate Demand and Aggregate Supply.
24. The Influence of Monetary and Fiscal Policy on Aggregate Demand.
Glossary.
Index.

Supplements

Instructor Supplements

Instructor Supplements

All supplements have been updated in coordination with the main title. Select the main title’s "About the Solution" tab, then select "What's New" for updates specific to title's edition. For more information about these supplements, or to obtain them, contact your Learning Consultant.

Economics CourseMate with eBook Instant Access Code  (ISBN-10: 1111766800 | ISBN-13: 9781111766801)

Cengage Learning’s Economics CourseMate brings course concepts to life with interactive learning, study, and exam preparation tools that support the printed textbook. Watch student comprehension soar as your class works with the printed textbook and the textbook-specific website. Economics CourseMate goes beyond the book to deliver what you need! Includes: e-book, Interactive Quizzing, Practice Quizzing, Learning Objectives, Flash Cards – Interactive and printable, Videos, Econ Apps, Games, Graphing Workshop and Mankiw Blog Map. Included with CourseMate is the Global Economic Watch. This groundbreaking resource stimulates discussion and understanding of the global downturn with easy-to-integrate teaching solutions. It includes a content-rich blog, real-time database with hundreds of relevant and vetted articles, videos and podcasts, a timeline, and overview of events leading to today’s global economic crisis.

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Instructor's Manual with Solutions Manual  (ISBN-10: 0538468300 | ISBN-13: 9780538468305)

Prepared by Linda S. Ghent, Eastern Illinois University, the sixth edition of the Essentials Instructor's Manual offers a detailed outline for each chapter of the text that provides learning objectives, identifies stumbling blocks that students may face and offers helpful teaching tips, and provides suggested in-classroom activities for a more "cooperative learning" experience. The Instructor's Manual includes solutions to all end-of-chapter exercises, Quick Quizzes, Questions for Review, and Problems and Applications found in the text. The Instructor's Manual is also available online and on the Instructor's Resource CD.


Instructor's Resource CD-ROM  (ISBN-10: 0538474629 | ISBN-13: 9780538474627)

Included are the key 6e supplements: the Discovery Guide, Instructor's Manual with Solutions Manual, Transparency Masters, and the Test Bank in both ExamView® and Microsoft Word, PowerPoint® Traditional Slides and PowerPoint® Exhibit Slides. PowerPoint® Traditional Slides are available online and on IRCD. This comprehensive presentation saves you time with graphs, tables, lists, and concepts developed sequentially. The crisp, and colorful slides include additional examples and applications to reinforce major lessons. You may edit slides to customize. PowerPoint® Exhibit Slides, also available online and on IRCD, provide all of the tables and graphs from the main text. (Please note: There is a separate CD for the Premium PowerPoint®.) Additional resources found on the Instructor's Resource CD are:ExamView® Computerized Testing Software: ExamView® Computerized Testing Software contains all questions in the printed test bank-over 13,000! You can add or edit questions, instructions, and answers; select questions by previewing them on the screen, selecting them randomly, or select them by other criteria (difficulty level, topic).Joinin™ Turning Point: JoinIn™ is a response system that allows you to transform your classroom and assess students' progress with instant in-class quizzes and polls. TurningPoint software lets you pose book-specific questions and display students' answers seamlessly within the Microsoft PowerPoint® slides of your own lecture, in conjunction with the clicker hardware of your choice. For college and university adopters.


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The Mankiw 6e Instructor Resource Kit includes all of the superior teaching resources you need to complete your Mankiw experience. Inside the box you will find the Instructor's Manual with Solutions Manual, Test Bank, Study Guide, the Mankiw Discovery Guide which details the new content and resources for the 6th edition, and the Instructor's Resource CD-ROM. The IRCD features digital resources including Word files for the Instructor's Manual and Test Bank, as well as the Test Bank in ExamView and the Traditional and Exhibit PowerPoint presentation slides (the Mankiw Premium PowerPoint will be available on a separate CD).


Test Bank, Vol. 1, Chapters 1-12  (ISBN-10: 0538477784 | ISBN-13: 9780538477789)

Daniel K. Biederman (University of North Dakota), Ken Brown (University of Northern Iowa), Sarah Cosgrove (University of Massachusetts, Dartmouth), David Flynn (University of North Dakota), Lisa Jepsen (University of Northern Iowa), Bryce Kanago (University of Northern Iowa), and Ken McCormick (University of Northern Iowa) have updated and revised the Test Bank. It consists of more than 250 questions per chapter. Every question has been checked to ensure the accuracy and clarity of the answers, and questions have been painstakingly revised to address the main text revisions. Included are true/false, multiple-choice, and short-answer questions that assess students' critical-thinking skills. Easy, medium, and difficult questions outline the process that students must use to arrive at their answers: recall, application, and integration. Questions are organized by text section to help instructors pick and choose their selections with ease. This test bank is intended for use with Mankiw PRINCIPLES OF ECONOMICS, Sixth Edition.


Test Bank, Vol. 2, Chapters 13-24  (ISBN-10: 0538477792 | ISBN-13: 9780538477796)

Daniel K. Biederman (University of North Dakota), Ken Brown (University of Northern Iowa), Sarah Cosgrove (University of Massachusetts, Dartmouth), David Flynn (University of North Dakota), Lisa Jepsen (University of Northern Iowa), Bryce Kanago (University of Northern Iowa), and Ken McCormick (University of Northern Iowa) have updated and revised the Test Bank. It consists of more than 250 questions per chapter. Every question has been checked to ensure the accuracy and clarity of the answers, and questions have been painstakingly revised to address the main text revisions. Included are true/false, multiple-choice, and short-answer questions that assess students' critical-thinking skills. Easy, medium, and difficult questions outline the process that students must use to arrive at their answers: recall, application, and integration. Questions are organized by text section to help instructors pick and choose their selections with ease. This test bank is intended for use with Mankiw PRINCIPLES OF ECONOMICS, Sixth Edition.


Study Guide  (ISBN-10: 0538477210 | ISBN-13: 9780538477215)

David R. Hakes (University of Northern Iowa) has prepared a study guide that will enhance your success. Each chapter of the study guide includes learning objectives, a description of the chapter's context and purpose, a chapter review, key terms and definitions, advanced critical-thinking questions, and helpful hints for understanding difficult concepts. You can develop your understanding of the material by doing the practice problems and answering the short-answer questions. Then you can assess your mastery of the key concepts with the self-test, which includes true/false and multiple-choice questions. Visit http://www.ichapters.com for more information on the Study Guide.

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Premium PowerPoint® Slides  (ISBN-10: 1111826064 | ISBN-13: 9781111826062)

The Premium PowerPoint slides are available on CD and online and were created by economist Ron Cronovich of Carthage College. They are designed to ease your course preparation time and increase student involvement in the classroom. The lecture points are “chunked” into sections that are easily digestible and graphs are animated as you might draw them on a blackboard. Student Note Prompt handouts help students to actively participate in taking careful notes. Carefully crafted to complement the Mankiw text, the slides also include notes and suggestions to assist instructors. This Premium PowerPoint CD is intended for use with all five Mankiw 6e versions (Principles of Economics, Principles of Microeconomics, Principles of Macroeconomics, Essentials of Economics, and Principles of Brief Macroeconomics.)


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Mankiw Principles of Economics, Sixth Edition, Discovery Guide is a guide to everything you need to know about the sixth edition. This critical tool demonstrates the features and substance added to the sixth edition in chapter content, as well as the unique supplementary package that makes the Mankiw experience superior. From exploring the benefits of ExamView® and the Test Bank to the pedagogical value of the Premium PowerPoint® Presentations and careful structure of the Student Study Guide and online tools, this guide is your quick reference for what is new to this edition.


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In this essay by N. Gregory Mankiw, he explains his well-respected approach to the teaching of macroeconomics that fosters in students a better understanding of economic principles and encourages application of an economic way of thinking.


DVD: BBC Economics News Videos  (ISBN-10: 0538480114 | ISBN-13: 9780538480116)

BBC News Video Segments deliver the "real world" right to students' desktops, giving students a context for how economic topics affect world and national events as well as their own daily lives, and helping them learn material by applying it to current events.


Transparency Acetates  (ISBN-10: 1111221812 | ISBN-13: 9781111221812)

Created to help you build text images into your lectures, full-color transparency acetates are available with the sixth edition for use on an overhead projector. Transparencies are available upon request for adopters.


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Created to help you build text images into your lectures, full-color transparency acetates are available with the sixth edition for use on an overhead projector. Transparencies are available upon request for adopters.


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Student Supplements

Student Supplements

All supplements have been updated in coordination with the main title. Select the main title’s "About the Solution" tab, then select "What's New" for updates specific to title's edition. For more information about these supplements, or to obtain them, contact your Learning Consultant.

Economics CourseMate with eBook Instant Access Code  (ISBN-10: 1111766800 | ISBN-13: 9781111766801)

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Aplia saves instructors valuable time they'd otherwise spend on routine grading while giving students an easy way to stay on top of coursework with regularly scheduled assignments. These assignments have been developed for a range of textbooks and are easily customized for individual teaching schedules. Currently, Aplia supports college-level courses and has been used by more than 1,000,000 students at over 1,300 institutions. Aplia's economics students use interactive chapter assignments, tutorials, news analyses, and experiments to make economics relevant and engaging. Students receive immediate, detailed explanations for every answer. Math and graphing tutorials help students overcome deficiencies in these crucial areas. Economics articles from top news sources challenge students to connect current events to course concepts.

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Aplia with Tomlinson Learning Path Economics Instant Access Code  (ISBN-10: 1133662587 | ISBN-13: 9781133662587)

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Study Guide  (ISBN-10: 0538477210 | ISBN-13: 9780538477215)

David R. Hakes (University of Northern Iowa) has prepared a study guide that will enhance your success. Each chapter of the study guide includes learning objectives, a description of the chapter's context and purpose, a chapter review, key terms and definitions, advanced critical-thinking questions, and helpful hints for understanding difficult concepts. You can develop your understanding of the material by doing the practice problems and answering the short-answer questions. Then you can assess your mastery of the key concepts with the self-test, which includes true/false and multiple-choice questions. Visit http://www.ichapters.com for more information on the Study Guide.

List Price = $55.95  | CengageBrain Price = $55.49  | College Bookstore Wholesale Price = $41.25


WebTutor™ on WebCT™ Instant Access Code  (ISBN-10: 1111749248 | ISBN-13: 9781111749248)

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WebTutor™ on Blackboard® Instant Access Code  (ISBN-10: 1111749337 | ISBN-13: 9781111749330)

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Bring a new level of ease in preparation and student understanding to your course with CengageNOW. This innovative, integrated online course management and student learning system combines the best of current technology to save you time in planning your course and student assignments, help you teach with the latest built-in course support materials, reinforce comprehension with customized student learning paths, efficiently test student knowledge, and automatically grade assignments and tests. Take full advantage of this time-saving, effective resource with Cengage Learning's specialized training and service program for CengageNOW. For more information, visit academic.cengage.com/cengagenow.

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Flash Cards  (ISBN-10: 1285400313 | ISBN-13: 9781285400310)

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Quizzing  (ISBN-10: 1285400356 | ISBN-13: 9781285400358)

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Tomlinson Learning Path Videos Instant Access Code for Economics  (ISBN-10: 1111577285 | ISBN-13: 9781111577285)

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ECONOMICS FOR LIFE 3e is a book about real-world applications for economics. In addition to applications, the text contains critiques of common economic fallacies, paradoxical economic results, and solutions to economic mysteries that are sure to interest students. Tied through its Appendices to all South-Western principles texts, Economics for Life helps students use economic concepts to better understand the world around them. The book serves as a valuable resource for delivering a more applications-based Principles (or Economics 101) course and can be bundled at no additional charge.

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ePack: Aplia Instant Access for Mankiw's Essentials of Economics + Tomlinson Learning Path Videos Economics Instant Access Code  (ISBN-10: 1133431291 | ISBN-13: 9781133431299)

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MindTap Economics Instant Access Code for Mankiw's Essentials of Economics  (ISBN-10: 1285605179 | ISBN-13: 9781285605173)

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Meet the Author

About the Author

N. Gregory Mankiw

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.

Reviews

Customer Reviews

"I think it is more reader friendly than other texts. In addition, it uses both numeric and/or graphical examples, which is very useful for the students."
— Mark Abajian, San Diego Mesa College
"We used to use Case and Fair's text. Mankiw seems to be a better text because it actually follows through with giving applications to what he includes in the book. For example, there is much better material in Mankiw about consumer surplus, producer surplus, government policies and interventions in the market."
— Jesse Schwartz, Kennesaw State University
"Very student friendly text. Makes economics easy to understand. Some of the other texts would take a lot of reading to explain an idea."
— Naveen Sarna, Northern Virginia Community College