Economics > INSTRUCTOR MANUALS > Principles of Economics ED.8 by N. Gregory Mankiw - |Instructors Manual| Reviewed/Updated for 2021-A (All)

Principles of Economics ED.8 by N. Gregory Mankiw - |Instructors Manual| Reviewed/Updated for 2021-ALL Chapters included

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Master the principles of economics with the help of the most popular, widely-used economics textbook by students worldwide -- Mankiw�s PRINCIPLES OF ECONOMICS, 8E. With its clear and engaging writin... g style, this book emphasizes only the material that will help you better understand the world in which you live, will make you a more astute participant in the economy, and will give you a better understanding of both the potential and limits of economic policy. The latest relevant economic examples bring principles to life. LEARNING OBJECTIVES: By the end of this chapter, students should understand:  that economics is about the allocation of scarce resources.  that individuals face trade-offs.  the meaning of opportunity cost.  how to use marginal reasoning when making decisions.  how incentives affect people’s behavior.  why trade among people or nations can be good for everyone.  why markets are a good, but not perfect, way to allocate resources.  what determines some trends in the overall economy. CONTEXT AND PURPOSE: Chapter 1 is the first chapter in a three-chapter section that serves as the introduction to the text. Chapter 1 introduces ten fundamental principles on which the study of economics is based. In a broad sense, the rest of the text is an elaboration on these ten principles. Chapter 2 will develop how economists approach problems while Chapter 3 will explain how individuals and countries gain from trade. The purpose of Chapter 1 is to lay out ten economic principles that will serve as building blocks for the rest of the text. The ten principles can be grouped into three categories: how people make decisions, how people interact, and how the economy. [Show More]

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