The Principles of Economics by Alfred Marshall remains the most influential book on microeconomics even today. However, with the ever-changing dynamics of economics. It was time to bring the field up to date in terms of its approach and methodology, which is exactly what N. Gregory Mankiw did with his seminal book, Principles of Economics. Released in 1998, this text has held onto its position as one of the most popular books on microeconomics. And it continues to be used both by students and instructors alike across the globe.
Overview About “Principles of Microeconomics 8th Edition”
Principles of Economics (Mankiw, 2012) is a book designed to present an introduction to fundamental principles that help explain how economies work. It was written with two goals in mind: One goal is to show students what economics can do and how it affects our everyday lives. The other goal is to make sure that students gain not just an understanding. But also practical knowledge of economic principles that will help them be successful in any career they choose. This book does a good job at accomplishing both goals, providing students with several examples from many different sectors. So that they may learn more about each principle from one example than if we had merely given them information about only one sector.
Reviews About “Principles of Microeconomics 8th Edition”
The reviewer writes that these are perfect for students and adults who don’t know how to study. Mankiw takes a great deal of time in making sure you understand each topic he presents, and even gives test questions at end of every chapter so you can check your knowledge as you learn. He also doesn’t overload with unnecessary information (or get too dry like some books I’ve read). And once again, if you need extra help there is an instructor packet included which includes quizzes, exams, and study guides.
About “N. Gregory Mankiw” the Author
N. Gregory Mankiw is an American economist who has been a professor at Harvard University since 1980 and was Chairman of President George W. Bush’s Council of Economic Advisers from 2003 to 2005… He graduated summa cum laude in 1976 with an A.B. in economics, Phi Beta Kappa, and as Senior Class Valedictorian. In 1978 he earned his Ph.D in economics from MIT; his dissertation advisors were Robert Solow and Lawrence Klein….He also won several academic awards.
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