Macroeconomics 5th Canadian Edition by N. Gregory Mankiw
Print ISBN: 9781464168505, 1464168504
eText ISBN: 9781319111649, 1319111645
By: N. Gregory Mankiw
Publisher: Worth Publishers
Print ISBN: 9781464168505, 1464168504
eText ISBN: 9781319111649, 1319111645
Edition: 5th
Copyright year: 2015
This special edition of Greg Mankiw?s intermediate macroeconomics textbook takes the same approach that made the parent text a bestseller, but with coverage shaped to address fiscal policy, monetary/exchange-rate policy, deficit reduction, and other critical economic issues from the uniquely Canadian perspective. Like Mankiw?s Macroeconomics, the Canadian edition teaches fundamentals by relating theoretical concepts to big issues and policy debates, but illustrates those ideas and discussions with examples and cases from Canada, as well as research by Canadian economists.
What?s New in the Fifth Edition?
Economics instructors are vigilant in keeping their lectures up to date as the
economic landscape changes. Textbook authors cannot be less so. This book is
therefore revised every few years. Each revision reflects new research about the
best way to understand macroeconomic developments, and discussion of the
new events in the economy?especially those that have stimulated new research.
In our Fifth Edition, this general principle that guides revisions led to two
major changes. First, we introduced students to the New Neoclassical Synthesis?
a dynamic version of aggregate supply and demand analysis that is more
explicitly based on microeconomic theory. This chapter exposed students to
ideas that are prominent at the research and policy frontier. In so doing, it
extended our earlier treatment of ?macroeconomics without the LM curve? that
still appears in the Appendix to Chapter 11. These discussions are all the more
relevant in recent years as the zero lower bound on nominal interest rates has
been an ever more binding constraint on the conduct of monetary policy.
