Macroeconomics
Twelfth Edition ©2025 N. Gregory Mankiw Formats: Achieve, E-book
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As low as $95.99
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Authors
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N. Gregory Mankiw
N. Gregory Mankiw is the Robert M. Beren Professor of Economics at Harvard University. He began his study of economics at Princeton University, where he received an A.B. in 1980. After earning a Ph.D. in economics from MIT, he began teaching at Harvard in 1985 and was promoted to full professor in 1987. At Harvard, he has taught both undergraduate and graduate courses in macroeconomics. He is also author of the best-selling introductory textbook Principles of Economics (Cengage Learning).
Professor Mankiw is a regular participant in academic and policy debates. His research ranges across macroeconomics and includes work on price adjustment, consumer behavior, financial markets, monetary and fiscal policy, and economic growth. In addition to his duties at Harvard, he has been a research associate of the National Bureau of Economic Research, a member of the Brookings Panel on Economic Activity, a trustee of the Urban Institute, and an adviser to the Congressional Budget Office and the Federal Reserve Banks of Boston and New York. From 2003 to 2005 he was chairman of the President’s Council of Economic Advisers.
Professor Mankiw lives in Wellesley, Massachusetts, with his wife, Deborah; children, Catherine, Nicholas, and Peter; and their border terrier, Tobin.
Table of Contents
Preface
Part I Introduction
Chapter 1 The Science of Macroeconomics
Chapter 2 The Data of Macroeconomics
Part II Classical Theory: The Economy in the Long Run
Chapter 3 National Income: How It Is Earned
Chapter 4 National Income: How It Is Spent
Chapter 5 A First Look at the Monetary System
Chapter 6 Inflation: Its Causes, Effects, and Social Costs
Chapter 7 The Open Economy
Chapter 8 Unemployment and the Labor Market
Part III Growth Theory: The Economy in the Very Long Run
Chapter 9 Capital Accumulation as a Source of Growth
Chapter 10 Population Growth and Technological Progress
Chapter 11 Growth Empirics and Policy
Part IV Business Cycle Theory: The Economy in the Short Run
Chapter 12 Introduction to Economic Fluctuations
Chapter 13 Aggregate Demand I: Building the IS–LM Model
Chapter 14 Aggregate Demand II: Applying the IS–LM Model
Chapter 15 The Open Economy Revisited: The Mundell–Fleming Model and the Exchange-Rate Regime
Chapter 16 Aggregate Supply and the Short-Run Tradeoff Between Inflation and Unemployment
Part V Topics in Macroeconomic Theory and Policy
Chapter 17 A Dynamic Model of Economic Fluctuations
Chapter 18 Alternative Perspectives on Stabilization Policy
Chapter 19 Government Debt and Budget Deficits
Chapter 20 Banking and Monetary Policy
Chapter 21 The Financial System: Opportunities and Dangers
Chapter 22 The Microfoundations of Consumption and Investment
Epilogue What We Know, What We Don’t
Product Updates
- The classical model of national income is now developed over Chapters 3 and 4, rather than in a single chapter. This reorganization allows the material on income inequality, previously in an appendix, to be moved into the body of the text.
- Material on the monetary system has been divided into two chapters. Chapter 5 presents a first look at the monetary system. The more detailed discussion of banking and the process of money creation is now presented in Chapter 20 as an advanced topic. This reorganization streamlines the presentation for instructors who want to skip the details.
- Chapter 8 includes an improved model of labor-force dynamics to explain the natural rate of unemployment. The essence of the model is a matching function, which relates new hires to unemployment and job vacancies.
Authors
-
N. Gregory Mankiw
N. Gregory Mankiw is the Robert M. Beren Professor of Economics at Harvard University. He began his study of economics at Princeton University, where he received an A.B. in 1980. After earning a Ph.D. in economics from MIT, he began teaching at Harvard in 1985 and was promoted to full professor in 1987. At Harvard, he has taught both undergraduate and graduate courses in macroeconomics. He is also author of the best-selling introductory textbook Principles of Economics (Cengage Learning).
Professor Mankiw is a regular participant in academic and policy debates. His research ranges across macroeconomics and includes work on price adjustment, consumer behavior, financial markets, monetary and fiscal policy, and economic growth. In addition to his duties at Harvard, he has been a research associate of the National Bureau of Economic Research, a member of the Brookings Panel on Economic Activity, a trustee of the Urban Institute, and an adviser to the Congressional Budget Office and the Federal Reserve Banks of Boston and New York. From 2003 to 2005 he was chairman of the President’s Council of Economic Advisers.
Professor Mankiw lives in Wellesley, Massachusetts, with his wife, Deborah; children, Catherine, Nicholas, and Peter; and their border terrier, Tobin.
Table of Contents
Preface
Part I Introduction
Chapter 1 The Science of Macroeconomics
Chapter 2 The Data of Macroeconomics
Part II Classical Theory: The Economy in the Long Run
Chapter 3 National Income: How It Is Earned
Chapter 4 National Income: How It Is Spent
Chapter 5 A First Look at the Monetary System
Chapter 6 Inflation: Its Causes, Effects, and Social Costs
Chapter 7 The Open Economy
Chapter 8 Unemployment and the Labor Market
Part III Growth Theory: The Economy in the Very Long Run
Chapter 9 Capital Accumulation as a Source of Growth
Chapter 10 Population Growth and Technological Progress
Chapter 11 Growth Empirics and Policy
Part IV Business Cycle Theory: The Economy in the Short Run
Chapter 12 Introduction to Economic Fluctuations
Chapter 13 Aggregate Demand I: Building the IS–LM Model
Chapter 14 Aggregate Demand II: Applying the IS–LM Model
Chapter 15 The Open Economy Revisited: The Mundell–Fleming Model and the Exchange-Rate Regime
Chapter 16 Aggregate Supply and the Short-Run Tradeoff Between Inflation and Unemployment
Part V Topics in Macroeconomic Theory and Policy
Chapter 17 A Dynamic Model of Economic Fluctuations
Chapter 18 Alternative Perspectives on Stabilization Policy
Chapter 19 Government Debt and Budget Deficits
Chapter 20 Banking and Monetary Policy
Chapter 21 The Financial System: Opportunities and Dangers
Chapter 22 The Microfoundations of Consumption and Investment
Epilogue What We Know, What We Don’t
Product Updates
- The classical model of national income is now developed over Chapters 3 and 4, rather than in a single chapter. This reorganization allows the material on income inequality, previously in an appendix, to be moved into the body of the text.
- Material on the monetary system has been divided into two chapters. Chapter 5 presents a first look at the monetary system. The more detailed discussion of banking and the process of money creation is now presented in Chapter 20 as an advanced topic. This reorganization streamlines the presentation for instructors who want to skip the details.
- Chapter 8 includes an improved model of labor-force dynamics to explain the natural rate of unemployment. The essence of the model is a matching function, which relates new hires to unemployment and job vacancies.
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N. Gregory Mankiw | Twelfth Edition | ©2025 | ISBN:9781319567682
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ISBN:9781319572990
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MPS Order Search Tool (MOST) is a web-based purchase order tracking program that allows customers to view and track their purchases. No registration or special codes needed! Just enter your BILL-TO ACCT # and your ZIP CODE to track orders.
Canadian Stores: Please use only the first five digits/letters in your zip code on MOST.
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If you’re a verified instructor, you can request a free sample of our courseware, e-book, or print textbook to consider for use in your courses. Only registered and verified instructors can receive free print and digital samples, and they should not be sold to bookstores or book resellers. If you don't yet have an existing account with Macmillan Learning, it can take up to two business days to verify your status as an instructor. You can request a free sample from the right side of this product page by clicking on the "Request Instructor Sample" button or by contacting your rep. Learn more.
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Sometimes also referred to as a spiral-bound or binder-ready textbook, loose-leaf textbooks are available to purchase. This three-hole punched, unbound version of the book costs less than a hardcover or paperback book.
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Achieve (full course) includes our complete e-book, as well as online quizzing tools, multimedia assets, and iClicker active classroom manager.
Most Achieve Essentials courses do not include our e-books and adaptive quizzing.
Visit our comparison table for details: https://www.macmillanlearning.com/college/us/digital/achieve/compare
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Achieve (full course) includes our complete e-book, as well as online quizzing tools, multimedia assets, and iClicker active classroom manager.
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We can help! Contact your representative to discuss your specific needs for your course. If our off-the-shelf course materials don’t quite hit the mark, we also offer custom solutions made to fit your needs.
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Macroeconomics
The number one product for the Intermediate Macro course, this text explains complex concepts with exceptional clarity. The new edition has updated coverage on income inequality, full coverage of the monetary system across two chapters, and an improved model of labor-force dynamics to explain the natural rate of unemployment. It is available in Achieve, which sets the standard for integrating activities, assessments, and analytics into your teaching. It brings together all of the features that instructors and students need — an e-book, LearningCurve adaptive quizzing, and other instructional and application activities, assessments, and extensive instructor resources — in a powerful platform.
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