Better than a text book An excellent work that explains the basics of economics very well Peppered with anecdotes and articles from the like of the Economist, the New York Times and The Wall Street Journal that emphasize or clarify the topics discussed in the chapters.
Loved it and will keep it as a reference forever.
Best Book, Principles of Economics By N Gregory Mankiw This Is Very Good And Becomes The Main Topic To Read, The Readers Are Very Takjup And Always Take Inspiration From The Contents Of The Book Principles of Economics, Essay By N Gregory Mankiw Is Now On Our Website And You Can Download It By Register What Are You Waiting For Please read And Make A Refission For You This is a mainstream economics textbook which means that it uses competitive market model upward supply and downward demand curves to explain almost everything What bothers me about this model is that it doesn t apply to majority of markets in modern economy There are barely any price takers, I can t think of a firm that hires labor or capital the way that neoclassic theory explains, Not surprisingly this approach reduces large part of economics especially microeconomics to a study detached from real world Throughout the book author assures the reader that although theory may not portray the real world, but it is a useful simplification and its results are not far from observations Is this claim true Except competitive markets monopoly, monopolistic competition and oligopoly are introduced in the book I also found all these models quite simple so why for example monopolistic competitive model which includes most markets in modern economy is not used anywhere else is a mystery to me But second part of his claim is important, does it really work Author gives some evidence here and there but they are far less than to be persuasive Controversial claims such as minimum wage and unions cause unemployment , rent ceiling causes shortage in rental markets are provided with no evidence I understand Popperian falsification has serious limits in economics so I don t blame author for lack evidence but he is certainly to blame for failing to mention these subtleties.
This book provided me with an excellent foundation for further economic study For a textbook, the author writes in a very readable way and explains the concepts extremely well The author does a fair job being neutral however, one can sense his leanings.
I am in a beginning level economics class as a freshman in college and this book has been really helpful for me Many of the concepts in economics can be confusing because economics is introducing a new was of thinking as opposed to just memorization Because of this, it is important to get a book that teaches the concepts in a way that are broken down to a very low level and highlights the fundamental concepts within the subject The book does well and uses examples of very simplified markets in which the concepts can be clearly seen and identified By establishing this base knowledge of how economics works at simple levels, it makes it easier to identify how things work on larger scale markets This book also includes two different viewpoints of economics In the microeconomics portion of the textbook, readers learn how actions in markets affect individual homes and small firms In the macroeconomics section of the textbook, it discusses how markets and transactions affect the economy as a whole Each section of the book is very informative and breaks down the information in a way that is understandable for beginners I would highly recommend this book WC 199 I knew what I was getting into, I think, when I started reading the first chapter and found numerous issues with how Mankiw inserts his opinions through the examples he chooses to give, and I m like wtf and then my teacher is no different, so I have a lot of supplementary reading to do after this class ends in a couple weeks to balance out or rather, cleanse out the material I had been given I m in it to gather basic terminology, etc and interestingly, thru this Chicago lens.
On Valentine s Day, Bonnie sent me that one anti capitalist love note that had been shared online, that said, You are worth so much than your productivity Then, the following day in class, I had to take answer a question on our quiz that said that the only thing determining our value and wealth was our level of productivity.
It is wonderful for beginners and to understand basic level of certain topics Beside giving a good basic level understanding, it makes reader learned how to develop further reading and to know unsolved topics broadly It teaches but mainly, besides teaching, giving basic reasoning methods to learn further topics in detail.
I didn t study economics in my school or university, but I ve been an ardent fan of the subject ever since a very good friend Raymond, you know who you are introduced me to The Economist in my first year of University Since then I ve built up knowledge of the field organically through various sources, but always felt my understanding was lacking in some key areas especially banking A while ago I bought this book which is a 100 level college textbook to fill that gap.
The text and presentation is very strong clear, engaging and satisfying without going too deep or floating above the surface The delivery is sometimes pedestrian I think I could have picked up some concepts quicker than Mankiw is ready to deliver them to me But overall the book does a great job of surveying the field.
I was also impressed that despite Mankiw s relatively well understood position on issues, the book presents most of the key debates in an even handed way without seeming to put his finger on the scales.
The book has lots of good diagrams It lacks enough references to specific experimental evidence for my preference, but this is perhaps understandable at the 100 level It is also full of newspaper quotations to bring the topic to life I found these uninteresting and mostly a space filler, but perhaps they would appeal to someone who has yet to get excited about the subject.
The one amazing thing about the book which I bought 2nd hand is the retail price, which seems to be 250 dollars, seemingly some kind of exorbitant rip off aimed at students where it is a compulsory text Analyzing the price in economic terms makes one suspect that some kind of market failure is taking place to support this price Great foundational book.