Features

New to This Edition

Achieve offers the best value and price. Because students’ and instructors’ needs are changing, our most powerful learning option is also our most affordable. Achieve is a new digital solution that brings all of the best aspects of Mankiw’s digital resources together in one place. Built on best practices in learning science, Achieve provides students with robust tools to succeed in economics while giving instructors insights into their students understanding and performance.

• NEW Step-by-Step graphs are integrated into the e-book mirror how an instructor constructs graphs in the classroom. By breaking down the process into its components, these graphs create more manageable “chunks” for students to understand each step of the process. These graphs are also available as lecture slides.
• NEW Online-Only Problems. Professor Mankiw has written dozens of new end-of-chapter problems that are available only in the digital version of Macroeconomics. Analytic problems ask students to practice shifting the curves in various models and interpreting the results. Numerical problems present models with specific parameter values and ask students to calculate the resulting equilibria. Still other problems incorporate data: They ask students to answer questions about data describing the U.S. economy, which can be easily accessed using Federal Reserve Economic Data (FRED).
• NEW EconoFact Memos with Unique Exercises. Since 2017, a number of prominent economists have collaborated to produce EconoFact, described as “a non-partisan publication designed to bring key facts and incisive analysis to the national debate on economic and social policies.” Many chapters of the digital text conclude with links to brief EconoFact memos paired with assessments that ask students to test and apply what they have learned. These unique assessments are available only with this text.

New and updated coverage throughout covers the Covid19 pandemic and much more. Highlights include more in income inequality in a new appendix to Chapter 3, a new case study on President Trump’s trade policies in Chapter 6,  a new case study on unemployment insurance during the pandemic of 2020 in Chapter 7, materials on long-run economic growth has been rearranged and spread out from two chapters to three (Chapters 8, 9, and 10), bringing related topics closer together and offering students a more accessible introduction to the subject, a new case study on the misallocation of capital and labor in India and China.in chapter 10, and an extensive new section on  the Covid-19 Recession of 2020 in Chapter 11.

Updated data. As always, the data presented in the text is as current as possible.