Principles of Economics (3rd edition)

By: N. Gregory Mankiw

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Synopsis: Designed for a two-semester introductory course in economics, this textbook covers micro- and macro-economics. After dealing with the basic tools of supply and demand, Mankiw looks at government intervention in market allocations, firm and industrial organization behavior, labor markets, the behavior of the real economy over the long run, and the macroeconomics of open economies, and short run fluctuations within long run trends. Similarly to many textbooks on economics and many other subjects, there is little acknowledgment of controversy within the field.