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PRINCIPLES OF ECONOMICS, 6e, International Edition became a best seller after its introduction and continues to be the most popular and widely used text in the economics classroom. Instructors found it the perfect complement to their teaching. A text by a superb writer and economist that stressed the most important concepts without overwhelming students with an excess of detail was a formula that was quickly imitated, but has yet to be matched. The sixth edition features a strong revision of content in all thirty-six chapters. Dozens of new applications emphasize the real-world relevance of economics for today’s students through interesting news articles, realistic case studies, and engaging problems. The premier ancillary package is the most extensive in the industry, using a team of instructors/preparers that have been with the project since the first edition. The text material is again fully integrated into Aplia, the best-selling online homework solution. “I have tried to put myself in the position of someone seeing economics for the first time. My goal is to emphasize the material that students should and do find interesting about the study of the economy.”--N. Gregory Mankiw.

Features

The sixth edition will be available with the most advanced new products for student and instructor choice, engagement, and outcomes. Aplia, the best-selling online homework solution. CourseMate is a new product that integrates a digital edition of the textbook with a suite of student engagement tools such as video, graphing practice, tutorials, games, and more. CourseMate also includes Engagement Tracker, which lets professors see which of the resources students are actually using.

The new sixth edition of PRINCIPLES OF ECONOMICS, 6e, International Edition contains extensively updated coverage of areas impacted by the financial crisis.

New “Problems and Applications” appear throughout the sixth edition, providing an effective, integrated way for students to assess their mastery of the material and to review more efficiently for assignments and exams.

New to this Edition

The sixth edition will be available with the most advanced new products for student and instructor choice, engagement, and outcomes. Aplia, the best-selling online homework solution. CourseMate is a new product that integrates a digital edition of the textbook with a suite of student resources and tools such as video, graphing practice, tutorials, games, and more.

The new sixth edition of PRINCIPLES OF ECONOMICS, 6e, International Edition contains extensively updated coverage of areas impacted by the financial crisis.

New “Problems and Applications” appear throughout the sixth edition, providing an effective, integrated way for students to assess their mastery of the material and to review more efficiently for assignments and exams.

N. Gregory Mankiw is Professor of Economics at Harvard University. As a student, he studied economics at Princeton University and MIT. As a teacher, he has taught macroeconomics, microeconomics, statistics, and principles of economics. He even spent one summer long ago as a sailing instructor on Long Beach Island.

Professor Mankiw is a prolific writer and a regular participant in academic and policy debates. His research includes work on price adjustment, consumer behavior, financial markets, monetary and fiscal policy, and economic growth. His published articles have appeared in academic journals, such as the "American Economic Review", "Journal of Political Economy", and "Quarterly Journal of Economics", and in more widely accessible forums, such as "The New York Times", "The Washington Post", "The Wall Street Journal", and "Fortune".

He has written two popular textbooks--the intermediate-level textbook Macroeconomics (Worth Publishers) and the introductory textbook Principles of Economics (South-Western/Thomson). Principles of Economics has sold over a million copies and has been translated into twenty languages.

In addition to his teaching, research, and writing, Professor Mankiw has been a research associate of the National Bureau of Economic Research, an adviser to the Federal Reserve Bank of Boston and the Congressional Budget Office, and a member of the ETS test development committee for the advanced placement exam in economics. From 2003 to 2005 he served as Chairman of the President's Council of Economic Advisers.

PART I: INTRODUCTION.
1.Ten Principles of Economics.
2.Thinking Like an Economist.
3.Interdependence and the Gains from Trade.
PART II: HOW MARKETS WORK.
4.The Market Forces of Supply and Demand.
5.Elasticity and Its Application.
6.Supply, Demand, and Government Policies.
PART III: MARKETS AND WELFARE.
7.Consumers, Producers, and the Efficiency of Markets.
8.Applications: The Costs of Taxation.
9.Application: International Trade.
PART IV: THE ECONOMICS OF THE PUBLIC SECTOR.
10.Externalities.
11.Public Goods and Common Resources.
12.The Design of the Tax System.
PART V: 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 VI: THE ECONOMICS OF THE LABOR MARKET.
18.The Markets for the Factors of Production.
19.Earnings and Discrimination.
20.Income Inequality and Poverty.
PART VII: TOPICS FOR FURTHER STUDY.
21.The Theory of Consumer Choice.
22.Frontiers in Microeconomics.
PART VIII: THE DATA OF MACROECONOMICS.
23.Measuring a Nation's Income.
24.Measuring the Cost of Living.
PART IX: THE REAL ECONOMY IN THE LONG RUN.
25.Production and Growth.
26.Saving, Investment, and the Financial System.
27.Tools of Finance.
28.Unemployment and Its Natural Rate.
PART X: MONEY AND PRICES IN THE LONG RUN.
29.The Monetary System.
30.Money Growth and Inflation.
PART XI: THE MACROECONOMICS OF OPEN ECONOMICS.
31.Open-Economy Macroeconomics: Basic Concepts.
32.A Macroeconomic Theory of the Open Economy.
PART XII: SHORT-RUN ECONOMIC FLUCTUATIONS.
33.Aggregate Demand and Aggregate Supply.
34.The Influence of Monetary and Fiscal Policy on Aggregate Demand.
35.The Short-Run Tradeoff between Inflation and Unemployment.
PART XIII: FINAL THOUGHTS.
36.Six Debates over Macroeconomic Policy.
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