In this book, distinguished professors Mankiw and Taylor present and analyze the material that constitutes the usual content of introductory textbooks in Economic Theory, based on two elements: the given institutional framework of the free market and ten principles of economic behavior of individuals.
The content of the book is the material taught in Microeconomics and Macroeconomics courses, namely the theory of price determination for goods and productive factors, income determination, international trade, the labor market, the public sector, economic development, market forms, money markets, etc.
However, there are also interesting topics that are not covered in other textbooks, such as:
- Arrow's Impossibility Theorem
- Condorcet's Paradox
- the problem of temporal inconsistency
- the concept of social justice, etc.
The book is enriched with:
- supplementary material
- numerical and graphical models
- case studies of problems
- excerpts from international press
- informational texts on topics or individuals (Smith, Ricardo)
It serves as an excellent aid for the Economic Sciences. An impressive feature is the clarity and completeness of the analysis.
