The Arab World edition of N. Gregory Mankiw's Principles of Economics is essential reading for economics students in Arab League countries, or those with any interest in Islamic Finance. Following on from the successful second edition, the text contains updated case studies, news articles and features, which focus on the Arab World. It also includes Mankiw's classic ten principles approach to economics - introduced in Chapter one and then referenced throughout the book, designed to help build a framework for understanding. This text is designed to give students the confidence and ability to think like an economist. The third edition is also available as a MindTap, a fully interactive learning platform with additional assessment questions, Concept Clips and case studies.
Part 1 Introduction 1.Ten principles of economics 2.Thinking like an economist 3.Interdependence and the gains from trade Part 2 How Markets Work 4.The market forces of supply and demand 5.Elasticity and its application 6.Supply, demand, and government policies Part 3 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 Behavior and the Organization of Industry 13.The costs of production 14.Firms in competitive markets 15.Monopoly 16.Monopolistic competition 17.Oligopoly Part 6 The Economics of Labor Markets 18.The markets for the factors of production 19.Earnings and discrimination 20.Income inequality and poverty Part 7 Topics for Further Study 21.The theory of consumer choice 22.Frontiers of microeconomics Part 8 The Data of Macroeconomics 23.Measuring a nation's income 24.Measuring the cost of living Part 9 The Real Economy in the Long Run 25.Production and growth 26.Saving, investment, and the financial system 27.The basic tools of finance 28.Islamic finance 29.Unemployment Part 10 Money and Prices in the Long Run 30.The monetary system 31.Money growth and inflation Part 11 The Macroeconomics of Open Economies 32.Open-economy macroeconomics: Basic concepts 33.A macroeconomic theory of the open economy Part 12 Short-Run Economic Fluctuations 34.Aggregate demand and aggregate supply 35.The influence of monetary and fiscal policy on aggregate demand 36.The short-run trade-off between inflation and unemployment Part 13 Final Thoughts 37.Six debates of macroeconomic policy
N. Gregory Mankiw is Robert M. Beren Professor of Economics at Harvard University. For 14 years he taught EC10 Principles, the most popular course at Harvard. He studied economics at Princeton University and MIT. Professor Mankiw is a prolific writer and a regular participant in academic and policy debates. His research includes work on price adjustment, consumer behaviour, financial markets, monetary and fiscal policy and economic growth. His published 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. Professor 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, he served as chairperson of the President's Council of Economic Advisers. Professor Mankiw's texts in introductory and intermediate economics are the worldwide market leaders and have reached many millions of students. Mohamed H Rashwan is an associate professor of finance and economics at the British University in Egypt (BUE) and a Fulbright alumnus of the University of South Carolina, Darla Moore School of Business. Dr. Rashwan is the Head of Business Department and the elected staff member to represent the faculty at the University Senate. Prior to joining the BUE, Dr. Rashwan worked for Zayed University in the United Arab Emirates. He also was the academic coordinator for the Master of Arts (M.A.) in Islamic Economics and Wealth Management provided by the Institute for Islamic World Studies (IIWS). Dr. Rashwan has taught several courses in the field of economics, finance and investment at both undergraduate and graduate levels. He is a regular contributor to academic and policy debates in economics and finance, with a special focus on investment and corporate finance. In addition to his teaching, research and writing, Dr. Rashwan has been a consultant in the field of corporate and Islamic finance for more than 16 years.
