Principles of Macroeconomics 8th edition is a popular book on macroeconomics. N. Gregory Mankiw is the book author. It is a sister book of Principles of Microeconomics by the same author. The book is introductory and explains the core concepts of macroeconomics efficiently. Published in 2016, the 8th edition promises to give the readers a better understanding. Before going into the review, let’s see what actually macroeconomics actually is? WordWeb dictionary defines it is the following way. Macroeconomics is the one which studies the gross working of a the economy of a nation.
A detailed review of Principles of Macroeconomics is as follows. You should also read:
Principles of Macroeconomics 8th Edition.
This very text spans over 9 parts, which comprise 23 chapters. First part has introduction to economics. It has 3 chapters which elaborates the nature of this very subjects. This part also has 10 principles of economics along-with the need to study economics as a science.
The 2nd part is named as “How Market Works”. As the name indicates it has information on the nature of markets. The trade policies and other factors in market affecting overall economy become a part of discussion. Part 3 also features the application of market study in taxation and trade. Similarly, international trade spans over one complete chapter.
Moving forward the book has two very important chapters. These chapter emphasize on mathematical and statistical tool. They help the reader in calculating a nation’s income. Also the cost of living of nation’s inhabitants are explained. Then the book contains some topics which base on macroeconomics. These act as a factor in the overall working of state’s economy. Principles of Macroeconomics covers most of the subject matter of macroeconomics.
Chapters like aggregate demand and supply are technical in nature. These are very useful to the the students of economics. At last, the macroeconomic policy is discussed and certain debates are mentioned on it. So, Principles of Macroeconomics is a very useful and easily understandable book. It generally addresses the readers who are new to economics. But at the same time has enough material for students and specialists.
Have a look at the Principles of Macroeconomics 8th edition book.