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Principles of Economics, 6th Edition - N. Gregory Mankiw
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7 Consumers, Producers, and the Efficiency of Markets

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  • Principles of Economics
  • Principles of Economics
  • N. Gregory Mankiw HARVARD UNIVERSITY
  • about the author
  • brief contents
  • preface to the student
  • Experience Mankiw
  • acknowledgments
  • table of contents
  • Part I Introduction
  • 1 Ten Principles of Economics
  • 1
  • Ten Principles of Economics
  • 2 Thinking Like an Economist
  • 2
  • Thinking Like an Economist
  • 3 I nterdependence and the Gains from Trade
  • 3
  • Interdependence and the Gains from Trade
  • Part II How Markets Work
  • 4 The Market Forces of Supply and Demand
  • 4
  • The Market Forces of Supply and Demand
  • 5 Elasticity and Its Application
  • 5
  • Elasticity and Its Application
  • 6 Supply, Demand, and Government Policies
  • 6
  • Supply, Demand, and Government Policies
  • Part III Markets and Welfare
  • 7 Consumers, Producers, and the Efficiency of Markets
  • 7
  • Consumers, Producers, and the Efficiency of Markets
  • 8 Application: The Costs of Taxation
  • 8
  • Application: The Costs of Taxation
  • 9 Application: International Trade
  • 9
  • Application: International Trade
  • Part IV The Economics of the Public Sector
  • 10 Externalities
  • 10
  • Externalities
  • 11 Public Goods and Common Resources
  • 11
  • Public Goods and Common Resources
  • 12 The Design of the Tax System
  • 12
  • The Design of the Tax System
  • Part V Firm Behavior and the Organization of Industry
  • 13 The Costs of Production
  • 13
  • The Costs of Production
  • 14 Firms in Competitive Markets
  • 14
  • Firms in Competitive Markets
  • 15 Monopoly
  • 15
  • Monopoly
  • 16 Monopolistic Competition
  • 16
  • Monopolistic Competition
  • 17 Oligopoly
  • 17
  • Oligopoly
  • Part VI The Economics of Labor Market
  • 18 The Markets for the Factors of Production
  • 18
  • The Markets for the Factors of Production
  • 19 Earnings and Discrimination
  • 19
  • Earnings and Discrimination
  • 20 Income Inequality and Poverty
  • 20
  • Income Inequality and Poverty
  • Part VII Topics for Further Study
  • 21 The Theory of Consumer Choice
  • 21
  • The Theory of Consumer Choice
  • 22 Frontiers of Microeconomics
  • 22
  • Frontiers of Microeconomics
  • Part VIII The Data of Macroeconomics
  • 23 Measuring a Nation’s Income
  • 23
  • Measuring a Nation’s Income
  • 24 Measuring the Cost of Living
  • 24
  • Measuring the Cost of Living
  • Part IX The Real Economy in the Long Run
  • 25 Production and Growth
  • 25
  • Production and Growth
  • 26 Saving, Investment, and the Financial System
  • 26
  • Saving, Investment, and the Financial System
  • 27 The Basic Tools of Finance
  • 27
  • The Basic Tools of Finance
  • 28 Unemployment
  • 28
  • Unemployment
  • Part X Money and Prices in the Long Run
  • 29 The Monetary System
  • 29
  • The Monetary System
  • 30 Money Growth and Inflation
  • 30
  • Growth and Inflation
  • Part XI The Macroeconomics of Open Economies
  • 31 Open-Economy Macroeconomics: Basic Concepts
  • 31
  • Open-Economy Macroeconomics: Basic Concepts
  • 32 A Macroeconomic Theory of the Open Economy
  • 32
  • A Macroeconomic Theory of the Open Economy
  • Part XII Short-Run Economic Fluctuations
  • 33 Aggregate Demand and Aggregate Supply
  • 33
  • aggregate Demand and aggregate Supply
  • 34 The Influence of Monetary and Fiscal Policy on Aggregate Demand
  • 34
  • The Influence of Monetary and Fiscal Policy on Aggregate Demand
  • 35 The Short-Run Trade-off between Inflation and Unemployment
  • 35
  • The Short-Run Trade-off between Inflation and Unemployment
  • Part XIII Final Thoughts
  • 36 Six Debates over Macroeconomic Policy
  • 36
  • Six Debates over Macroeconomic Policy
  • Glossary
  • Index
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