Principles of Economics. Book Summary

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N. Gregory Mankiw

What’s inside

N. Gregory Mankiw’s ‘Principles of Economics’ elucidates fundamental economic concepts, covering microeconomics, macroeconomics, and international trade with real-world examples.

You’ll Learn

  • Gaining a foundational understanding of economic theories and principles
  • Learning to apply economic concepts to real-world scenarios
  • Improving decision-making skills in business and policy contexts
  • Increasing financial literacy and knowledge of market dynamics

Key Points

  • Introduction to Economic Principles
  • How Markets Work and the Role of Prices
  • Understanding Supply and Demand
  • Microeconomic Fundamentals: Elasticity, Consumer Choice, and Production
  • Macroeconomic Overview: GDP, Inflation, and Unemployment
  • Money System, Federal Reserve, and Fiscal Policies
  • International Economics and Trade

Who’s it For

  • Economics students
  • Policy makers
  • Business professionals
  • Entrepreneurs
  • Anyone interested in understanding economic principles

About the author

N. Gregory Mankiw is a respected economist, Harvard professor, and author known for his work in macroeconomics and economic policy.