Long the bestseller for the intermediate macroeconomics course, Greg Mankiw’s superbly crafted textbook maintains its authority, currency, and vitality edition after edition, and the new Eighth Edition is the most accomplished yet. Again, Mankiw provides an exceptionally clear and concise introduction to the macroeconomy, taking full account of the 2007-2009 financial crisis and the measures taken in response to it. In addition to a new chapter directly inspired by the crisis (Chapter 20, The Financial System: Opportunities and Dangers) the new edition also features new research, discussions, and case studies throughout, as well as the most extensive media/supplements package available for any intermediate macroeconomics. You are welcome to use the new Financial System: Opportunities and Dangers chapter this semester with students. We will keep it posted through early June to allow free access for all who wish to have students read it.
At a time when so many pivotal economic issues are closely tied to the business cycle and monetary-fiscal policy, Robert Gordon provides critical insight into the American and global economy. Macroeconomics builds from an early emphasis on business cycles and monetary-fiscal policy, in both the closed and open economy, to a dynamic analysis of aggregate demand and supply shocks as the causes of inflation and unemployment. Gordon then discusses economic growth using theory and real-world examples to compare rich and poor countries before examining economic growth in the United States. In the Tenth Edition, Gordon tightens the overall framework of chapters, introduces four-color pedagogy, and prepares students to join in discussion and debate about the latest issues including the jobless recovery, recent tax cuts, globalization, and the 'explosion' of U.S. productivity growth.