Essentials of Economics

Mankiw's Ten Principles of Economics: Mankiw's Ten Principles of Economics introduces students to the ten most important principles, which are then thoroughly incorporated in discussions throughout the book.

"FYI" Boxes: These boxes provide additional material "for your information." Some of them offer a glimpse into the history of economic thought. Others clarify technical issues. Still others discuss supplementary topics that instructors might choose either to discuss or skip in their lectures.

"In the News" Boxes: One benefit that students gain from studying economics is a new perspective and greater understanding about news from around the world. To highlight this benefit, excerpts from many newspaper articles are included, some of which are opinion columns written by prominent economists. These articles, together with brief introductions, show how basic economic theory can be applied. Many of these boxes are new to the 4th edition.

Case Studies: Economic theory is useful and interesting only if it can be applied to understanding actual events and policies. This book, therefore, contains numerous case studies that apply the theory that has just been developed.

Quick Quizzes: After each major section, students are offered a "quick quiz" to check their comprehension of what they have just learned. Students can compare their answers to the answers provided at the end of the book, then reread the material in that section if necessary.

Problems and Applications: Each chapter also contains a variety of problems and applications that ask students to apply the material that they have learned. Some professors may use these questions for homework assignments. Others may use them as a starting point for classroom discussions.