Principles of Economics Mankiw 7th Edition Test Bank

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Product details:

• ISBN-10 ‏ : ‎ 128516587X
• ISBN-13 ‏ : ‎ 978-1285165875
• Author: N. Gregory Mankiw

With its clear and engaging writing style, PRINCIPLES OF ECONOMICS, Seventh Edition, continues to be the most popular and widely-used economics textbook among today’s students. Mankiw emphasizes material that you are likely to find interesting about the economy (particularly if you are studying economics for the first time), including real-life scenarios, useful facts, and the many ways economic concepts play a role in the decisions you make every day. “I have tried to put myself in the position of someone seeing economics for the first time. My goal is to emphasize the material that students should and do find interesting about the study of the economy.”–N. Gregory Mankiw.

Table of contents:

Licesning Information

Preface

Chapter 1: Economics: The Study of Choice

Defining Economics

The Field of Economics

The Economists’ Tool Kit

Review and Practice

Chapter 2: Confronting Scarcity: Choices in Production

Factors of Production

The Production Possibilities Curve

Applications of the Production Possibilities Model

Review and Practice

Chapter 3: Demand and Supply

Demand

Supply

Demand, Supply, and Equilibrium

Review and Practice

Chapter 4: Applications of Demand and Supply

Putting Demand and Supply to Work

Government Intervention in Market Prices: Price Floors and Price Ceilings

The Market for Health-Care Services

Review and Practice

Chapter 5: Elasticity: A Measure of Response

The Price Elasticity of Demand

Responsiveness of Demand to Other Factors

Price Elasticity of Supply

Review and Practice

Chapter 6: Markets, Maximizers, and Efficiency

The Logic of Maximizing Behavior

Maximizing in the Marketplace

Market Failure

Review And Practice

Chapter 7: The Analysis of Consumer Choice

The Concept of Utility

Utility Maximization and Demand

Indifference Curve Analysis: An Alternative Approach to Understanding Consumer Choice

Review and Practice

Chapter 8: Production and Cost

Production Choices and Costs: The Short Run

Production Choices and Costs: The Long Run

Review and Practice

Chapter 9: Competitive Markets for Goods and Services

Perfect Competition: A Model

Output Determination in the Short Run

Perfect Competition in the Long Run

Review and Practice

Chapter 10: Monopoly

The Nature of Monopoly

The Monopoly Model

Assessing Monopoly

Review and Practice

Chapter 11: The World of Imperfect Competition

Monopolistic Competition: Competition Among Many

Oligopoly: Competition Among the Few

Extensions of Imperfect Competition: Advertising and Price Discrimination

Review and Practice

Chapter 12: Wages and Employment in Perfect Competition

The Demand for Labor

The Supply of Labor

Labor Markets at Work

Review and Practice

Chapter 13: Interest Rates and the Markets for Capital and Natural Resources

Time and Interest Rates

Interest Rates and Capital

Natural Resources and Conservation

Review and Practice

Chapter 14: Imperfectly Competitive Markets for Factors of Production

Price-Setting Buyers: The Case of Monopsony

Monopsony and the Minimum Wage

Price Setters on the Supply Side

Review and Practice

Chapter 15: Public Finance and Public Choice

The Role of Government in a Market Economy

Financing Government

Choices in the Public Sector

Review and Practice

Chapter 16: Antitrust Policy and Business Regulation

Antitrust Laws and Their Interpretation

Antitrust and Competitiveness in a Global Economy

Regulation: Protecting People from the Market

Review and Practice

Chapter 17: International Trade

The Gains from Trade

Two-Way Trade

Restrictions on International Trade

Review and Practice

Chapter 18: The Economics of the Environment

Maximizing the Net Benefits of Pollution

Alternatives in Pollution Control

Review and Practice

Chapter 19: Inequality, Poverty, and Discrimination

Income Inequality

The Economics of Poverty

The Economics of Discrimination

Review and Practice

Chapter 20: Macroeconomics: The Big Picture

Growth of Real GDP and Business Cycles

Price-Level Changes

Unemployment

Review and Practice

Chapter 21: Measuring Total Output and Income

Measuring Total Output

Measuring Total Income

GDP and Economic Well-Being

Review and Practice

Chapter 22: Aggregate Demand and Aggregate Supply

Aggregate Demand

Aggregate Demand and Aggregate Supply: The Long Run and the Short Run

Recessionary and Inflationary Gaps and Long-Run Macroeconomic Equilibrium

Review and Practice

Chapter 23: Economic Growth

The Significance of Economic Growth

Growth and the Long-Run Aggregate Supply Curve

Determinants of Economic Growth

Review and Practice

Chapter 24: The Nature and Creation of Money

What Is Money?

The Banking System and Money Creation

The Federal Reserve System

Review and Practice

Chapter 25: Financial Markets and the Economy

The Bond and Foreign Exchange Markets

Demand, Supply, and Equilibrium in the Money Market

Review and Practice

Chapter 26: Monetary Policy and the Fed

Monetary Policy in the United States

Problems and Controversies of Monetary Policy

Monetary Policy and the Equation of Exchange

Review and Practice

Chapter 27: Government and Fiscal Policy

Government and the Economy

The Use of Fiscal Policy to Stabilize the Economy

Issues in Fiscal Policy

Review and Practice

Chapter 28: Consumption and the Aggregate Expenditures Model

Determining the Level of Consumption

The Aggregate Expenditures Model

Aggregate Expenditures and Aggregate Demand

Review and Practice

Chapter 29: Investment and Economic Activity

The Role and Nature of Investment

Determinants of Investment

Investment and the Economy

Review and Practice

Chapter 30: Net Exports and International Finance

The International Sector: An Introduction

International Finance

Exchange Rate Systems

Review and Practice

Chapter 31: Inflation and Unemployment

Relating Inflation and Unemployment

Explaining Inflation–Unemployment Relationships

Inflation and Unemployment in the Long Run

Review and Practice

Chapter 32: A Brief History of Macroeconomic Thought and Policy

The Great Depression and Keynesian Economics

Keynesian Economics in the 1960s and 1970s

Macroeconomics for the 21st Century

Review and Practice

Chapter 33: Economic Development

The Nature and Challenge of Economic Development

Population Growth and Economic Development

Keys to Economic Development

Review and Practice

Chapter 34: Socialist Economies in Transition

The Theory and Practice of Socialism

Socialist Systems in Action

Economies in Transition: China and Russia

Review and Practice

Appendix A: Graphs in Economics

Appendix Introduction

How to Construct and Interpret Graphs

Nonlinear Relationships and Graphs without Numbers

Using Graphs and Charts to Show Values of Variables

Appendix B: Extensions of the Aggregate Expenditures Model

Appendix Introduction

The Algebra of Equilibrium

The Aggregate Expenditures Model and Fiscal Policy

Review and Practice

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