Principles of Economics An Asian Edition, Third Edition,
3rd Edition

PART 1 INTRODUCTION
CHAPTER 1 Ten Principles of Economics
CHAPTER 2 Thinking Like an Economist
CHAPTER 3 Interdependence and the Gains from Trade

PART 2 SUPPLY AND DEMAND I: HOW MARKETS WORK
CHAPTER 4 The Market Forces of Supply and Demand
CHAPTER 5 Elasticity and Its Application
CHAPTER 6 Supply, Demand, and Government Policies

PART 3 SUPPLY AND DEMAND II: MARKETS AND WELFARE
CHAPTER 7 Consumers, Producers, and the Efficiency of Markets
CHAPTER 8 Application: The Costs of Taxation
CHAPTER 9 Application: International Trade

PART 4 THE ECONOMICS OF THE PUBLIC SECTOR
CHAPTER 10 Externalities
CHAPTER 11 Public Goods and Common Resources
CHAPTER 12 The Design of the Tax System

PART 5 FIRM BEHAVIOR AND THE ORGANIZATION OF INDUSTRY
CHAPTER 13 The Costs of Production
CHAPTER 14 Firms in Competitive Markets
CHAPTER 15 Monopoly
CHAPTER 16 Oligopoly
CHAPTER 17 Monopolistic Competition

PART 6 THE ECONOMICS OF LABOR MARKETS
CHAPTER 18 The Markets for the Factors of Production
CHAPTER 19 Earnings and Discrimination
CHAPTER 20 Income Inequality and Poverty

PART 7 TOPICS FOR FURTHER STUDY
CHAPTER 21 The Theory of Consumer Choice
CHAPTER 22 Frontiers of Microeconomics

PART 8 THE DATA OF MACROECONOMICS
CHAPTER 23 Measuring a Nation’s Income
CHAPTER 24 Measuring the Cost of Living

PART 9 THE REAL ECONOMY IN THE LONG RUN
CHAPTER 25 Production and Growth
CHAPTER 26 Saving, Investment, and the Financial System
CHAPTER 27 The Basic Tools of Finance
CHAPTER 28 Unemployment and Its Natural Rate

PART 10 MONEY AND PRICES IN THE LONG RUN
CHAPTER 29 The Monetary System
CHAPTER 30 Money Growth and Inflation

PART 11 THE MACROECONOMICS OF OPEN ECONOMIES
CHAPTER 31 Open-Economy Macroeconomics: Basic Concepts
CHAPTER 32 A Macroeconomic Theory of the Open Economy

PART 12 SHORT-RUN ECONOMIC FLUCTUATIONS
CHAPTER 33 Aggregate Demand and Aggregate Supply
CHAPTER 34 The Influence of Monetary and Fiscal Policy on Aggregate Demand

CHAPTER 35 The Short-Run Tradeoff between Inflation and Unemployment

PART 13 FINAL THOUGHTS
CHAPTER 36 Six Debates over Macroeconomic Policy

Glossary
Index
For

• N. Gregory Mankiw

  N. Gregory Mankiw is the Robert M. Beren Professor of Economics at Harvard University. For 14 years he taught EC10 Principles, the most popular course at Harvard. Dr. Mankiw studied economics at Princeton University and MIT. He is a prolific writer and a regular participant in academic and policy debates. His research includes work on price adjustment, consumer behavior, financial markets, monetary and fiscal policy and economic growth. Dr. Mankiw's articles have appeared in academic journals such as the American Economic Review, Journal of Political Economy and Quarterly Journal of Economics. His work has also appeared in more widely accessible forums, including The New York Times, The Washington Post, The Wall Street Journal and Fortune. Dr. Mankiw has been a research associate of the National Bureau of Economic Research, an adviser to the Federal Reserve Bank of Boston and the Congressional Budget Office and a member of the ETS® test development committee for the advanced placement exam in economics. From 2003 to 2005, Dr. Mankiw served as chairman of the President’s Council of Economic Advisers.

• Euston Quah

  Professor Euston Quah is Albert Winsemius Chair Professor of Economics and Director, Economic Growth Centre at the Nanyang Technological University, Singapore. He is also Editor of the Singapore Economic Review and President of the Economic Society of Singapore. Professor Quah has published widely in the fields of Cost-Benefit Analysis, Environmental Economics, and in Law and Economics. Contributing to more than a hundred publications inclusive of academic journals and lead opinion pieces in media, Professor Quah also served as external reviewer for some economics schools in various universities in Asia. Some of his works have been selected for inclusion by the International Library of Critical Writings in Economics in the UK, and also received favourable reviews in leading journals such as Economic Journal, Journal of Economic Literature and the Journal of Labour Economics. His textbook with E.J Mishan, now in its 6th edition (Routledge UK, 2020) is regarded as a classic text in this subject and used by many universities and governments. It was listed for reference by the US Office of Management and Budget and also by the US Department of Transportation.

• Peter Wilson

  Peter Wilson is a former associate professor in the Department of Economics at the National University of Singapore, where he taught from 1989 to 2007, having previously taught for a year in Malaysia and, prior to that, at a number of universities in the UK including Warwick, Sussex, Bradford, and Hull. His main teaching and research interests lie in macroeconomics and international economics, with special reference to East and Southeast Asia. Dr. Wilson has coauthored two books on Singapore and published articles in journals such as World Economy, Applied Economics, Open Economies Review, Journal of Economic Studies, Asian Economic Journal, Economic Modeling, and Journal of the Asia Pacific Economy. He is presently a consultant to the Economic Policy department at the Monetary Authority of Singapore (MAS), editor of their biannual Macroeconomic Review and Macroeconomic Stability Review, teaches the MAS’s Economic Policy Course, and is the chairman of the education subcommittee for the Economics Society of Singapore.

• A wealth of Asian examples, case studies, and news articles to make the material more relevant to Asian students.

• The classic ten principles of economics, introduced in Chapter One, and incorporated throughout the text, help students to reinforce their understanding of these key economic principles.

• A clear and conversational writing style to present economic concepts in a way that is very accessible to students.

• Each chapter ends with a variety of problems and applications to provide students with the opportunity to apply what they have learned.

Cengage provides a range of supplements that are updated in coordination with the main title selection. For more information about these supplements, contact your Learning Consultant.

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