000			04495nam a22003137a 4500
003			OSt
005			20260618094617.0
008			260618r20152015ph a|||er|||| 001 0 eng d
020			_a9789814687553 [newsprint]
040			_aUniversity of Cebu-Banilad _cUniversity of Cebu-Banilad
100			_aMankiw, N. Gregory, _eauthor.
245			_aPrinciples of ecoomics / _cN. Gregory Mankiw.
250			_aSeventh edition ; Philippine edition.
260			_aPasig City, Philippines : _bCengage Learning, _cc2015.
300			_axxxii, 847 pages : _billustrations (black and white) ; _c25 cm.
336			_2rdacontent _atext
337			_2rdamedia _aunmediated
338			_2rdacarrier _avolume
504			_aIncludes bibliographical references, glossary, and index.
505			_aContents: Part I Introduction -- Part II How markets work -- Part III Markets and welfare -- Part IV The economics of the public sector -- Part V Firm behavior and the organization of industry -- Part VI The economics of labor markets -- Part VII Topics for further study -- Part VIII The data of macroeconomics -- Part IX The real economy in the long run -- Part X Money and prices in the long run -- Part XI The macroeconomics of open economies -- Part XII Short-run economic fluctuations -- Part XIII Final thoughts.
520			_a"Economics is a study of mankind in the ordinary business of life." So wrote Alfred Marshall, the great 19th-century economist, in his text book, Principles of Economics. Although we have learned much about the economy since Marshall's time, this definition of economics is a true today as it was in 1890, when the first edition of his test was published. Why should you, as a student at the beginning of the 21st century, embark on the study of economics? There are three reasons. The first reason to study economics is that it will help you understand the world in which you live. There are many questions about the economy that might spark your curiosity. Why are apartments so hard to find in New York City? Why do airlines charge less for a round-trip ticket if the traveler stays over a Saturday night? Why is Leonardo DiCaprio paid so much to star in movies? Why are living standards so meager in many African countries? Why do some countries have high rates of inflation while others have stable prices? Why are jobs easy to find in some years and hard to find in others? These are just a few of the questions that a course in economics will help you answer. The second reason to study economics is that it will make you a more astute participant in the economy. As you go about your life, you make many economic decisions. While you are a student, you decide how many years to stay in school. Once you take a job, you decide how much of your income to spend, how much to save, and how to invest your savings. Someday you may find yourself running a small business or a large corporation, and you will decide what prices to charge for your products. The insights developed in the coming chapters will give you a new perspective on how best to make these decisions. Studying economics will not by itself make you rich, but it will give you some tools that may help in that endeavor. The third reason to study economics is that it will give you a better understanding of both the potential and the limits of economic policy. Economic questions are always on the minds of policymakers in mayors' offices, governors' mansions, and the White House. What are the burdens associated with alternative forms of taxation? What are the effects of free trade with other countries? What is the best way to protect the environment? How does a government budget deficit affect the economy? As a voter, you help choose the policies that guide the allocation of society's resources. An understanding of economics will help you carry out that responsibility. And who knows: Perhaps someday you will end up as one of those policymakers yourself. Thus, the principles of economics can be applied in many of life's situations. Whether the future finds you reading the newspaper, running a business, or sitting in the Oval Office, you will be glad that you studied economics." --Preface
521			_aAdult
541			_aDonation _xBiore, Christopher _yCollege of Business and Accountancy _zBusiness / Management
546			_aText in English
650			_aEconomics.
942			_2ddc _cBK
998			_cJanna [new] _d06/18/2026
999			_c15401 _d15401