Macroeconomics



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Ebook Macro Economi N. Gregory Mankiw(1)

Images From the Textbook. Instructors have access to a complete set of 

figures and tables from the textbook in high-resolution and low-

resolution JPEG formats. The textbook art has been processed for “high-

resolution” (150 dpi). These figures and photographs have been especially

formatted for maximum readability in large lecture halls and follow stan-

dards that were set and tested in a real university auditorium.



Solutions Manual. Instructors have access to an electronic version of the

printed manual, which consists of detailed solutions to the Questions for

Review and Problems and Applications.

Aplia, founded by Paul Romer, Stanford University, was the first Web-based com-

pany to integrate pedagogical features from a textbook with interactive media. This

is the first intermediate macroeconomics text offered by Aplia. The features of this

text have been combined with Aplia’s interactive media to save instructors’ time

and encourage and reinforce students’ learning. The integrated online version of

the Aplia media and this text (available for spring 2010 courses) will include extra

problem sets, regularly updated news analyses, and instant online reports that allow

instructors to target student trouble areas more efficiently. For a preview of Aplia

materials and to learn more, visit http://www.aplia.com/worth.

eBook

Students who purchase the eBook have access to these interactive features:



Quick, intuitive navigation

Customizable note-taking



Highlighting

Searchable glossary



With the eBook, instructors can do the following:

Focus only on the chapters they want to use. Instructors can assign the entire



text or a custom version with only the chapters that correspond to their 

syllabus. Students see the customized version, with selected chapters only.

Annotate any page of the text. Instructors’ notes can include text, Web



links, and even photos and images from the book’s media or other

sources. Students can get an eBook annotated just for them, customized

for the course.

WebCT 


The Mankiw WebCT e-pack enables instructors to create a thorough online

course or a course Web site. The e-pack contains online materials that facilitate

critical thinking and learning, including preprogrammed quizzes and tests that

are fully functional in the WebCT environment.

Preface

xxxv




BlackBoard

The Mankiw BlackBoard course cartridge makes it possible to combine Black-

Board’s popular tools and easy-to-use interface with the text’s Web content,

including preprogrammed quizzes and tests. The result is an interactive, compre-

hensive online course that allows for effortless implementation, management, and

use. The files are organized and prebuilt to work within the BlackBoard software. 

Additional Offerings

i-clicker

Developed by a team of University of Illinois physicists, i-clicker is the most flexi-

ble and most reliable classroom response system available. It is the only solution cre-

ated for educators,  by educators—with continuous product improvements made

through direct classroom testing and faculty feedback. No matter their level of tech-

nical expertise, instructors will appreciate the i-clicker because the focus remains on

teaching, not the technology. To learn more about packaging i-clicker with this

textbook, please contact your local sales representative or visit www.iclicker.com.

The Wall Street Journal 

Edition


For adopters of this text, Worth Publishers and The Wall Street Journal are offer-

ing a 15-week subscription to students at a tremendous savings. Instructors also

receive their own free Wall Street Journal subscription plus additional instructor

supplements created exclusively by The Wall Street  Journal. Please contact your

local sales representative for more information or go to The Wall Street Journal

online at www.wsj.com. 



Financial Times

Edition


For adopters of this text, Worth Publishers and the Financial Times  are offering a

15-week subscription to students at a tremendous savings. Instructors also receive

their own free Financial Times  subscription for one year. Students and instructors

may access research and archived information at www.ft.com. 

Dismal Scientist

A high-powered business database and analysis service comes to the classroom!

Dismal Scientist offers real-time monitoring of the global economy, produced

locally by economists and other professionals at Moody’s Economy.com around

the world. Dismal Scientist is free when packaged with this text. Please contact

your local sales representative or go to www.dismalscientist.com. 



The Economist has partnered with Worth Publishers to create an exclusive offer we

believe will enhance the classroom experience. Faculty receive a complimentary



xxxvi |

Preface



15-week subscription when 10 or more students purchase a subscription. Students

get 15 issues of The Economist for just $15. That’s a savings of 85 percent off the

cover price.

Inside and outside the classroom, The Economist provides a global perspective

that helps students keep abreast of what’s going on in the world and provides

insight into how the world views the United States. 

Each subscription includes:



Special Reports. Approximately 20 times a year, The Economist publishes a

Special Report providing in-depth analysis that highlights a specific

country, industry, or hot-button issue.



Technology Quarterly Supplements. This supplement analyzes new 

technology that could potentially transform lives, business models, 

industries, governments, and financial markets.



Economist.com. Unlimited access to The Economist’s Web site is free with a

print subscription. 

Included on The Economist Web site:



Searchable Archive. Subscribers have full access to 28,000+ articles. 



Exclusive Online Research Tools. Tools include Articles by Subject,

Backgrounders, Surveys, Economics A–Z, Style Guide, Weekly Indicators,

and Currency Converter.



The Full Audio Edition. The entire magazine or specific sections are 

available for download. 

The Economist Debate Series. The essence of Oxford-style debate is 



available in an interactive online forum. 



Daily Columns. These feature columns are available exclusively online,

covering views on business, the market, personal technology, the arts, and

much more. 



Correspondent’s Diary. Each week, an Economist writer from a different

country details experiences and offers opinions.



Blogs. Blogs cover economics as well as U.S. and European politics.

To get 15 issues of The Economist for just $15, go to www.economistacademic.

com/worth.

Preface


xxxvii


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Introduction

P A R T   I




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3

The Science of Macroeconomics



The whole of science is nothing more than the refinement of everyday thinking.

—Albert Einstein


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