Principles of microeconomics

Abstract

This book is designed with the student experience in mind by providing a breakdown of concepts and emphasizing big ideas throughout its entirety. As the market leader, it continues to be the most widely-used text in an economics classroom, perfectly complementing instructor teachings. Students can expect to receive a constructive understanding of economic practices through real-world context, as it consistently relays economic theory through applications. The 8th edition continues this approach while lessening the mathematical details without losing rigour. It provides students with a foundation to continue on to advanced work in economics but also speaks to those who may pursue another discipline. Figures in the book have been updated with recent data from Statistics Canada. New “Ask the Experts” boxes feature opinions from the world’s most prominent economists, including topics such as minimum wage impact and trade deals. Mankiw emphasizes big-picture ideas, ensuring students are grounded in the key concepts and principles that every first-year student should know in order to flourish.