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Principles of Economics Arab World Edition, 5th Edition

Gregory Mankiw, Mohamed H. Rashwan

  • Copyright 2025
  • {{checkPublicationMessage('Published', '2024-12-15T00:00:00+0000')}}
Starting At £45.00 See pricing and ISBN options
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Principles of Economics Arab World Edition 5th Edition by Gregory Mankiw/Mohamed H. Rashwan
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Overview

The Arab World edition of N. Gregory Mankiw’s Principles of Economics is essential reading for economics students in the Middle East and those with an interest in Islamic finance. Using Mankiw’s classic ten principles approach to economics, the book provides students with a framework for understanding the economy of the world they live in. Written in an engaging and accessible style and designed to encourage students to think like an economist, the text equips them to engage confidently and critically with theories and principles of economics.

Following on from the successful fourth edition, this text contains updated case studies, news articles and features that focus on the Arab world and current global challenges. This fifth edition is also available as a MindTap, a fully interactive learning platform with an interactive eReader, assessment questions, revision aids and engaging multimedia to explain key concepts and further case studies. It also provides analytics to help you keep track of students’ progress.

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Meet the Authors

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Gregory Mankiw

N. Gregory Mankiw is 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. His work has been published in scholarly journals such as the American Economic Review, Journal of Political Economy and Quarterly Journal of Economics. In addition to his teaching, research and writing, Professor Mankiw has been a research associate of the National Bureau of Economic Research, 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.

Mohamed H. Rashwan

Mohamed H Rashwan is an Associate Professor of Finance and Economics at the British University in Egypt (BUE) and a Fulbright alumnus of the University of South Carolina, Darla Moore School of Business. Dr. Rashwan is the Head of the Business Department and the elected staff member to represent the faculty at the University Senate. Before joining the BUE, Dr. Rashwan worked for Zayed University in the United Arab Emirates. He was also the academic coordinator for the Master of Arts in Islamic Economics and Wealth Management provided by the Institute for Islamic World Studies (IIWS). Dr. Rashwan has taught several courses in the field of economics, finance and investment at both undergraduate and graduate levels. He is a regular contributor to academic and policy debates in economics and finance, with a special focus on investment and corporate finance. In addition to his teaching, research and writing, Dr. Rashwan has been a consultant in the field of corporate and Islamic finance for more than 16 years.

What's New

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  • New and updated Case Studies and In The News features to reflect current economic issues, including the impact of energy resources on economics, plastics recycling and minimum wage laws in the region.
  • Discussion questions for Case Studies to encourage students’ critical thinking skills.
  • Interactive, digital graph builder included in MindTap to help students understand complex graphs.

Features

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  • A thorough and careful presentation of the core Principles of Economics to help students learn how to think like economists and develop a clearer perspective on current events.
  • Comprehensive coverage of both microeconomics and macroeconomics in a coherent and logical structure to guide students’ understanding and progression through economic concepts and theories.
  • Clear and accessible writing style to ensure ease of use and comprehension.
  • Examples and case studies relating to life in the Arab world to illustrate real-life applications of economic concepts and theories.
  • A chapter on Islamic finance to provide useful insights into how Islamic and non-Islamic banking differ .
  • Macro chapters explore developments in macroeconomic policy and the impact of geo-political shocks on the economy.
  • Dedicated online resources to allow self-study, concept check and revision, including MindTap, a customizable online learning platform with additional assessment questions, videos and cases.

Table of Contents

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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 applications
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
12. The design of the tax system

Part 5: Firm behavior and the organization of industry
13. The costs of production
14. Firms in competitive markets
15. Monopoly
16. Monopolistic competition
17. Oligopoly

Part 6: The economics of labor markets
18. The markets for the factors of production
19. Earnings and discrimination
20. Income inequality and poverty

Part 7: Topics for further study
21. The theory of consumer choice
22. Frontiers of microeconomics

Part 8: The data of macroeconomics
23. Measuring a nation’s income
24. Measuring the cost of living

Part 9: The real economy in the long run
25. Production and growth
26. Saving, investment and the financial system
27. The basic tools of finance
28. Islamic finance
29. Unemployment

Part 10: Money and prices in the long run
30. The monetary system
31. Money growth and inflation

Part 11: The macroeconomics of open economies
32. Open-economy macroeconomics: Basic concepts
33. A macroeconomic theory of the open economy

Part 12: Short-run economic fluctuations
34. Aggregate demand and aggregate supply
35. The influence of monetary and fiscal policy on aggregate demand
36. The short-run trade-off between inflation and unemployment

Part 13: Final thoughts
37.Six debates over macroeconomic policy

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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

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  • ISBN-10: 1473796296
  • ISBN-13: 9781473796294
  • RETAIL £45.00
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Textbook Only Options

Traditional eBook and Print Options

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  • ISBN-10: 1473796245
  • ISBN-13: 9781473796249
  • RETAIL £49.59

  • ISBN-10: 1473796229
  • ISBN-13: 9781473796225
  • RETAIL £61.99

  • ISBN-10: 1805030892
  • ISBN-13: 9781805030898
  • RETAIL £77.99
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