Economics is the European adaptation of classic textbook Principles of Economics by N. Gregory Mankiw (Harvard University), expertly adapted by Mark P. Taylor (Washington University) so as to be even more relevant to a UK and European audience.
A major strength of the original—that the authors present economics from the viewpoint of a reader completely new to the subject has been maintained. The conversational yet precise writing style is superb for presenting the politics and science of economic theories to tomorrow's decision-makers. The book stands out amongst all other principles texts by encouraging students to apply an economic way of thinking in their daily lives. Economics is written to provide students with a robust conceptual understanding of the subject using contemporary approaches to theory where possible.
It follows the structure of the original book while reflecting European economic structures and institutions and adapting the language and cultural references for a European readership.
Nicholas Gregory Mankiw is an American macroeconomist who is currently the Robert M. Beren Professor of Economics at Harvard University. Mankiw is best known in academia for his work on New Keynesian economics. Mankiw has written widely on economics and economic policy. As of February 2020, the RePEc overall ranking based on academic publications, citations, and related metrics put him as the 45th most influential economist in the world, out of nearly 50,000 registered authors. He was the 11th most cited economist and the 9th most productive research economist as measured by the h-index. In addition, Mankiw is the author of several best-selling textbooks, writes a popular blog, and has since 2007 written approximately monthly for the Sunday business section of The New York Times. According to the Open Syllabus Project, Mankiw is the most frequently cited author on college syllabi for economics courses. Mankiw is a conservative, and has been an economic adviser to several Republican politicians. From 2003 to 2005, Mankiw was Chairman of the Council of Economic Advisers under President George W. Bush. In 2006, he became an economic adviser to Mitt Romney, and worked with Romney during his presidential campaigns in 2008 and 2012. In October 2019, he announced that he was no longer a Republican because of his discontent with President Donald Trump and the Republican Party
I've read this for my intro to economics class and it's simply a fantastic book for learning. There are many real cases presented for pretty much every chapter. There are questions you can work through to see how well you understood everything. And it is explained so clearly and in really simple terms. It builds from the most fundamental principles all the way to complex economic issues. And by the end of it, the world looked a whole lot different. Personally, for me, for the better, but fair warning: having this knowledge will force you to reevaluate a lot of people and opinions you might've held dear, when you see how disturbingly little they know about economics while talking all day long about it. For example, the uproar every time the Central Banks increase the money supply with repos, social media goes crazy because of some supposed 'bailout' and 'the rich getting richer'. And you'll just be sitting there going 'this is not how this works. This isn't how any of this works'.
Výborná učebnice ekonomie. Základy ekonomie jsou dobře vysvětleny. Text je proložen spousty grafy, které názorně vysvětlují probírané téma. Látka je doplněna články z novin pro kontext. Za každou kapitolou je shrnutí a otázky pro procvičení látky. Kurz ekonomie jsem si s touto knížkou docela užil.
The authors explain in an understandable way the economic principles and models and it was interesting to read. There are many practical examples which support the theories. Nevertheless, the authors were sometimes a bit repetitive. What really was frustrating is the quality of the pages. These are reflecting, what disturbed fluent reading. Overall, it is worthy to read and I can recommend the book.
Sehr gutes Buch, sehr leicht verständlich, Schlussfolgerungen, Zusammenfassungen und Übungsaufgaben am Ende jeden Kapitels. Macht fast Spaß es zu lesen. Einziger Kritikpunkt: Ganz oft werden Grafiken auf der nächsten Seite beschrieben, sodass man dauernd am hin- und herblättern ist. Das nervt etwas.
Ich habe das Buch für die Prüfungsvorbereitung verwendet (allererste Wirtschaftsprüfung: Einführung in BWL und VWL) und war mehr als begeistert, weil es so wunderbar anschaulich ist. Ich hoffe, ich brauche es wieder bald :-)