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See Most Recent Edition

Economics, 6th Edition

N. Gregory Mankiw, Mark P. Taylor

  • Copyright 2023
  • {{checkPublicationMessage('Published', '2023-02-10T00:00:00+0000')}}
Starting At £45.00 See pricing and ISBN options
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Economics 6th Edition by N. Gregory Mankiw/Mark P. Taylor
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Overview

Now firmly established as one of the leading economics principles texts in the UK and Europe, the sixth edition of Economics has been fully updated. Much revered for its friendly and accessible approach, emphasis on active learning and unrivalled support resources, this edition features a brand-new chapter on sustainability economics as well as exciting coverage on modern monetary theory, digitization, Industry 4.0 and the costs and benefits of globalization.

This title is available with MindTap, a flexible online learning solution that provides students with all the tools they need to succeed including an interactive eReader, engaging multimedia, practice questions, assessment materials, revision aids, and analytics to help you track their progress.

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Meet the Authors

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N. Gregory Mankiw

N. Gregory Mankiw is the Robert M. Beren Professor of Economics at Harvard University. As a student, he studied economics at Princeton University and the Massachusetts Institute of Technology. As a teacher 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. In addition to his teaching, research and writing, Professor Mankiw has been a research associate of the National Bureau of Economic Research and an advisor to the Federal Reserve Banks of Boston and New York and the Congressional Budget Office. From 2003 to 2005, he served as chairman of the US President’s Council of Economic Advisors and was an advisor to presidential candidate Mitt Romney during the 2012 US presidential election.

Mark P. Taylor

Mark P. Taylor is the Donald Danforth, Jr Distinguished Professor of Finance at the Olin Business School at Washington University in St Louis, USA. He was previously Dean of the Olin Business School and, before that, Dean and Professor of Finance and Economics at Warwick Business School at the University of Warwick, UK. He obtained his first degree in philosophy, politics and economics from Oxford University and his Master’s and Doctoral degrees in economics and finance from London University. Professor Taylor has taught economics and finance at various universities (including Oxford, New York, Bordeaux and Aix-Marseille) and at various levels (including principles courses and advanced undergraduate and postgraduate courses). He has also worked as a senior economist at the International Monetary Fund and at the Bank of England and as a managing director at BlackRock, the world’s largest financial asset manager, where he ran a global investment fund based on macroeconomic analysis. His research has been extensively published in scholarly journals and he is today one of the most highly cited economists in the world.

What's New

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  • New chapter on sustainability economics.
  • Updated content on economic shocks, the impact of globalization, digitization, the gig economy and modern monetary theory.
  • New or updated case studies and ‘In the News’ boxes throughout.
  • This title is available with a fully updated MindTap - a flexible online learning solution that you can customize to suit your specific course needs, and which provides students with all the tools they need to succeed. These include an interactive eReader, engaging multimedia, practice questions, assessment materials, revision aids, and analytics to help you track their progress.

Features

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  • A thorough and careful presentation of all the core principles of economics to help students learn how to think like an economist and develop a clearer perspective on current events.
  • Comprehensive and well-structured coverage of both microeconomics and macroeconomics gives a clear and easily accessible introduction to economics.
  • Review and discussion questions in each chapter help to enhance students’ understanding and hone critical-thinking skills.
  • Each chapter comes with a ‘Problems and Applications’ section, allowing students to test their knowledge and broaden their understanding.
  • Updated and topical case studies and ‘In The News’ features demonstrate how economic theories apply to real-world scenarios and events.
  • This title is available with MindTap, a flexible online learning solution that you can customize to suit your specific course needs, and which provides students with all the tools they need to succeed. These include an interactive eReader, engaging multimedia, practice questions, assessment materials, revision aids, and analytics to help you track their progress. Supplementary mathematics content is provided in Maths for Economics included within MindTap which helps students to understand and apply the maths that is so integral to the study of economics.

Table of Contents

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Part I. Introduction to Economics
1. What is Economics?
2. Thinking Like an Economist

Part II. The Theory of Competitive Markets
3. The Market Forces of Supply and Demand
4. Background to Demand: Consumer Choices
5. Background to Supply: The Costs of Production of Firms
6. Background to Supply: Firms in Competitive Markets
7. Consumers, Producers and The Efficiency of Markets

Part III. Interventions in Markets
8. Supply, Demand and Government Policies
9. Public Goods, Common Resources and Merit Goods
10. Market Failure and Externalities

Part IV. Firm Behaviour and Market Structures
11. Market Structures I: Monopoly
12. Market Structures II: Monopolistic Competition
13. Market Structures III: Oligopoly
14. Market Structures IV: Contestable Markets

Part V. Factor Markets
15. The Economics of Factor Markets

Part VI. Inequality
16. Income Inequality and Poverty

Part VII. Trade
17. Interdependence and the Gains From Trade

Part VIII. Heterodox Economics
18. Information and Behavioural Economics
19. Heterodox Theories in Economics

Part IX. The Data of Macroeconomics
20. Measuring a Nation’s Wellbeing and the Price Level

Part X. The Real Economy in the Long Run
21. Production and Growth
22. Unemployment and the Labour Market

Part XI. Long-Run Macroeconomics
23. Saving, Investment and the Financial System
24. The Monetary System
25. Open-Economy Macroeconomics

Part XII. Short-Run Economic Fluctuations
26. Business Cycles
27. Keynesian Economics and IS–LM Analysis
28. Aggregate Demand and Aggregate Supply
29. The Influence of Monetary and Fiscal Policy on Aggregate Demand
30. The Short-Run Trade-Off Between Inflation and Unemployment
31. Supply-Side Policies

Part XIII. International Macroeconomics
32. Economic Shocks
33. The European Union
34. Sustainability Economics

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MindTap Options

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MindTap
Each MindTap product offers the full, mobile-ready textbook combined with superior and proven learning tools at one affordable price. Students who purchase digital access can add a print option at any time when a print option is available for their course.

This Cengage solution can be seamlessly integrated into most Learning Management Systems (Blackboard, Brightspace by D2L, Canvas, Moodle, and more) but does require a different ISBN for access codes. Please work with your Cengage Learning Consultant to ensure the proper course set up and ordering information. For additional information, please visit the LMS Integration site.

Standalone Digital Access — Ultimate Value

Recommended and most popular

  • ISBN-10: 1473787122
  • ISBN-13: 9781473787124
  • RETAIL £45.00
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Textbook Only Options

Traditional eBook and Print Options

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  • ISBN-10: 1473791952
  • ISBN-13: 9781473791954
  • RETAIL £50.39

  • ISBN-10: 1473786983
  • ISBN-13: 9781473786981
  • RETAIL £62.99

  • ISBN-10: 1473795621
  • ISBN-13: 9781473795624
  • RETAIL £81.99
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