Principles of economics / Joshua Gans, Stephen King, Robin Stonecash, Martin Byford, Jan Libich, N. Gregory Mankiw.

"Adapted from Mankiw, Principles of economics, 8th edition, published by Cengage ©2018."--Title page verso.

Includes bibliographical references and index.

Part I. Introduction : -- Part 2. Supply and demand I: How markets work : -- Part 3. Supply and demand II: Markets and welfare : -- Part 4. The economics of the public sector : -- Part 5. Firm behaviour and the organisation of industry : -- Part 6. The economics of labour markets : -- Part 7. Topics for further study : -- Part 8. The data of macroeconomics : -- Part 9. The real economy in the long run : -- Part 10. Money and prices in the long run : -- Part 11. The macroeconomics of open economies : -- Part 12. Short-run economic fluctuations : -- Part 13. Final thoughts : -- --

Part I. Introduction : -- 1. Ten principles of economics -- 2. Thinking like an economist -- 3. Interdependence and the gains from trade -- Part 2. Supply and demand I: How markets work : -- 4. The market forces of supply and demand -- 5. Elasticity and its application -- 6. Supply, demand and government policies -- Part 3. Supply and demand II: Markets and welfare : -- 7. Consumers, producers and the efficiency of markets -- 8. Application: The costs of taxation -- 9. Application: International trade -- Part 4. The economics of the public sector : -- 10. Externalities -- 11. Public goods and common resources -- 12. The design of the tax system -- Part 5. Firm behaviour and the organisation of industry : -- 13. The costs of production -- 14. Firms in competitive markets -- 15. Monopoly -- 16. Monopolistic competition -- 17. Oligopoly and business strategy -- 18. Competition policy -- Part 6. The economics of labour markets : -- 19. The markets for the factors of production -- 20. Earnings, unions and discrimination -- 21. Income inequality and poverty -- Part 7. Topics for further study : -- 22. The theory of consumer choice -- 23. Frontiers of microeconomics -- Part 8. The data of macroeconomics : -- 24. Measuring a nation's income -- 25. Measuring the cost of living -- Part 9. The real economy in the long run : -- 26. Production and growth -- 27. Saving, investment and the financial system -- 28. The natural rate of unemployment -- Part 10. Money and prices in the long run : -- 29. The monetary system -- 30. Inflation: Its causes and costs -- Part 11. The macroeconomics of open economies : -- 31. Open-economy macroeconomics: Basic concepts -- 32. A macroeconomic theory of the open economy -- Part 12. Short-run economic fluctuations : -- 33. Aggregate demand and aggregate supply -- 34. The influence of monetary and fiscal policy on aggregate demand -- 35. The short-run trade-off between inflation and unemployment -- 36. Global Financial Crisis 2008 and beyond -- Part 13. Final thoughts : -- 37. Five debates over macroeconomic policy.

"Principles of Economics 7th edition combines microeconomics and macroeconomics into one volume for students who take a full year’s course. The latest edition of this text continues to focus on important concepts and analyses necessary for students in an introductory economics course. In keeping with the authors’ philosophy of showing students the power of economic tools and the importance of economic ideas, this edition pays careful attention to regional and global policies and economic issues – such as climate change and resource taxation, the impacts of the ongoing global financial crisis, inflation, unemployment, interest rates, monetary and fiscal policy."--Publisher's website.