Overview

The Arab World edition of N. Gregory Mankiw’s Principles of Economics is essential reading for economics students in the Middle East and those with an interest in Islamic finance. Using Mankiw’s classic ten principles approach to economics, the book provides students with a framework for understanding the economy of the world they live in. Written in an engaging and accessible style and designed to encourage students to think like an economist, the text equips them to engage confidently and critically with theories and principles of economics. Following on from the successful fourth edition, this text contains updated case studies, news articles and features that focus on the Arab world and current global challenges. This fifth edition is also available as a MindTap, a fully interactive learning platform with an interactive eReader, assessment questions, revision aids and engaging multimedia to explain key concepts and further case studies. It also provides analytics to help you keep track of students’ progress.

Full Product Details

Author:   Gregory Mankiw (Harvard University) ,  Mohamed Rashwan (The British University in Egypt) ,  Andrew Ashwin (University of Lincoln)
Publisher:   Cengage Learning EMEA
Imprint:   Cengage Learning EMEA
Edition:   5th edition
ISBN:  

9781473796225

ISBN 10:   1473796229
Pages:   736
Publication Date:   15 December 2024
Audience:   College/higher education ,  Tertiary & Higher Education
Format:   Paperback
Publisher's Status:   Active
Availability:   In Print  
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Table of Contents

Part One: Introduction 1. Then principles of economics 2. Thinking like an economist 3. Interdependence and the gains from trade Part Two: How markets work 4. The market forces of supply and demand 5. Elasticity and its applications 6. Supply, demand and government policies Part Three: Markets and welfare 7. Consumers, producers and the efficiency of markets 8. Application: The costs of taxation 9. Application: International trade Part Four: The economics of the public sector 10. Externalities 11. Public goods and common resources 12. The design of the tax system Part 5: 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 6: The economics of labor markets 18. The markets for the factors of production 19. Earnings and discrimination 20. Income inequality and poverty Part 7: Topics for further study 21. The theory of consumer choice 22. Frontiers of microeconomics Part 8: The data of macroeconomics 23. Measuring a nation�s income 24. Measuring the cost of living Part 9: The real economy in the long run 25. Production and growth 26. Saving, investment and the financial system 27. The basic tools of finance 28. Islamic finance 29. Unemployment Part 10: Money and prices in the long run 30. The monetary system 31. Money growth and inflation Part 11: The macroeconomics of open economies 32. Open-economy macroeconomics: Basic concepts 33. A macroeconomic theory of the open economy Part 12: Short-run economic fluctuations 34. Aggregate demand and aggregate supply 35. The influence of monetary and fiscal policy on aggregate demand 36. The short-run trade-off between inflation and unemployment Part 13: Final thoughts 37.Six debates over macroeconomic policy

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Author Information

N. Gregory Mankiw is Robert M. Beren Professor of Economics at Harvard University. As a student, he studied economics at Princeton University and the Massachusetts Institute of Technology. As a teacher, he has taught macroeconomics, microeconomics, statistics and principles of economics. Professor Mankiw is a prolific writer and a regular participant in academic and policy debates. His work has been published in scholarly journals such as the American Economic Review, Journal of Political Economy and Quarterly Journal of Economics. In addition to his teaching, research and writing, Professor Mankiw has been a research associate of the National Bureau of Economic Research, an advisor to the Federal Reserve Banks of Boston and New York, and the Congressional Budget Office. From 2003 to 2005 he served as chairman of the US President’s Council of Economic Advisors. Mohamed H Rashwan is Professor of Finance and Economics and Head of the Business Department at the British University in Egypt (BUE), and a Fulbright alumnus of the University of South Carolina, Darla Moore School of Business. Before joining the BUE, Dr. Rashwan worked for Zayed University in the United Arab Emirates. He was also the academic coordinator for the Master of Arts in Islamic Economics and Wealth Management provided by the Institute for Islamic World Studies (IIWS). Dr. Rashwan has taught several courses in the field of economics, finance and investment at both undergraduate and graduate levels. He is a regular contributor to academic and policy debates in economics and finance, with a special focus on investment and corporate finance. In addition to his teaching, research and writing, Dr. Rashwan has been a consultant in the field of corporate and Islamic finance for more than 16 years.

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