Brief Principles of Macroeconomics 10th
g g g g g
Edition by N. Gregory Mankiw
g g g g
Complete Chapter Solutions Manual
g g g g
are included (Ch 1 to 19)
g g g g g
** Immediate Download
g g
** Swift Response
g g
** All Chapters included
g g g
,Instructor Manual g
Mankiw,gBriefgPrinciplesgofgMacroeconomics,g10e,g9780357722718;gChapterg1:gTengPrincipl
esgofgEconomics
PreparedgbygDavidgR.gHakes,gUniversitygofgNortherngIowa
TABLE OF CONTENTSG G
PurposegandgPerspectivegofgthegChapter........................................................................................................ 2
ChaptergObjectives................................................................................................................................................. 2
CompletegListgofgChaptergActivitiesgandgAssessments ............................................................................... 3
KeygTerms................................................................................................................................................................. 3
What'sgNewgingThisgChapter ............................................................................................................................... 4
ChaptergOutline....................................................................................................................................................... 4
SolutionsgtogTextgProblems .............................................................................................................................. 10
QuestionsgforgReview ....................................................................................................................................................... 10
ProblemsgandgApplications............................................................................................................................................ 11
AdditionalgActivitiesgandgAssignments.........................................................................................................14
Additionalg Resources..........................................................................................................................................15
CengagegVideogResources............................................................................................................................................... 15
,PURPOSE AND PERSPECTIVE OF THE CHAPTER
G G G G G
Chapterg1gisgthegfirstgchaptergingagthree-
chaptergsectiongthatgservesgasgthegintroductiongtogthegtext.gChapterg1gintroducesgtengfundamentalgpr
inciplesgongwhichgthegstudygofgeconomicsgisgbased.gIngagbroadgsense,gthegrestgofgthegtextgisgangelabor
ationgongthesegtengprinciples.gChapterg2gwillgdevelopghowgeconomistsgapproachgproblemsgwhilegCh
apterg3gwillgexplainghowgindividualsgandgcountriesggaingfromgtrade.
ThegpurposegofgChapterg1gisgtoglaygoutgtengeconomicgprinciplesgthatgwillgservegasgbuildinggblocksgforg
thegrestgofgthegtext.gThegtengprinciplesgcangbeggroupedgintogthreegcategories:ghowgpeoplegmakegdeci
sions,ghowgpeopleginteract,gandghowgthegeconomygworksgasgagwhole.gThroughoutgthegtext,greference
sgwillgbegmadegrepeatedlygtogthesegtengprinciples.
Keygpointsgaddressedgingthisgchapter:
Thegfundamentalglessonsgaboutgindividualgdecisiongmakinggaregthatgpeoplegfacegtrade-
offsgamonggalternativeggoals,gthatgthegcostgofganygactiongisgmeasuredgingtermsgofgforgonegop
portunities,gthatgrationalgpeoplegmakegdecisionsgbygcomparinggmarginalgcostsgandgmargina
lgbenefits,gandgthatgpeoplegchangegtheirgbehaviorgingresponsegtogthegincentivesgtheygface.
Thegfundamentalglessonsgaboutgeconomicginteractionsgamonggpeoplegaregthatgtradegandgi
nterdependencegcangbegmutuallygbeneficial,gthatgmarketsgaregusuallygaggoodgwaygofgcoor
dinatinggeconomicgactivity,gandgthatgtheggovernmentgcangpotentiallygimprovegmarketgout
comesgbygremedyinggagmarketgfailuregorgbygpromotingggreatergeconomicgequality.
Thegfundamentalglessonsgaboutgthegeconomygasgagwholegaregthatgproductivitygisgthegultimate
gsourcegofgimprovingglivinggstandards,gthatggrowthgingthegquantitygofgmoneygisgthegultimategs
ourcegofginflation,gandgthatgsocietygfacesgagshort-rungtrade-
offgbetweenginflationgandgunemployment.
CHAPTER OBJECTIVES
G
Thegfollowinggobjectivesgaregaddressedgingthisgchapter:
Explainghowgscarcityginfluencesgdecisions.
Explainghowgindividualsgevaluategopportunitygcostsgtogmakegdecisions.
Explainghowgmarginalganalysisginfluencesgdecisiongmaking.
Applygbasic,geconomicgprinciplesgofgindividualgdecisiongmakinggthatgdetermineghowgan
geconomyggenerallygworks.
Explainghowgthegtermsgofgtradegcangleadgtoggains.
, Givengagscenario,gidentifygthegdistributiongsystemgbeinggused.
COMPLETE LIST OF CHAPTER ACTIVITIES AND ASSESSMENTS
G G G G G G
Thegfollowinggtablegorganizesgactivitiesgandgassessmentsgsogthatgyougcangmakegdecisionsgaboutgwhi
chgcontentgyougwouldglikegtogemphasizegingyourgclass.gForgadditionalgguidance,grefergtogthegTeachin
ggOnlinegGuide.
Activity/Assessment Sourceg(i.e.,gPPTgslide,gWorkb Duration
ook)
IcebreakergActivity PPTgSlideg2 5–10gmins.
ActivegLearningg1 PPTgSlideg14 5gmins.
ActivegLearningg2 PPTgSlideg17 5gmins.
ActivegLearningg3 PPTgSlideg28 20–25gmins.
Think-Pair-Shareg Activity PPTgSlideg39 5–10gmins.
Self-Assessment PPTgSlideg40 5–10gmins.
Sectiong01-1gQuickQuiz MindTapgeBook 5gmins.
Sectiong01-2gQuickQuiz MindTapgeBook 5gmins.
Sectiong01-3gQuickQuiz MindTapgeBook 5gmins.
ConceptClip:g Efficiency MindTapgLearngItgFolder 5gmins.
ConceptClip:g Opportunityg Cost MindTapgLearngItgFolder 5gmins.
ConceptClip:g Externality MindTapgLearngItgFolder 5gmins.
Chapterg01gProblemsg&gApplications MindTapgStudygItgFolder 45–60gmins.
Chapterg01gA+gTestgPrep MindTapgStudygItgFolder N/A
Chapterg01gHomework MindTapgApplygItgFolder 30–45gmins.
Chapterg01gQuiz:gTengPrinciplesgofgEcono MindTapgApplygItgFolder 20–30gmins.
mics
[returngtogtop]
KEY TERMS
G
BusinessgCycle:gfluctuationsgingeconomicgactivity,gsuchgasgemploymentgandgproduction
Economics:gthegstudygofghowgsocietygmanagesgitsgscarcegresources
Efficiency:gthegpropertygofgsocietyggettinggthegmostgitgcangfromgitsgscarcegresources
Equality:gthegpropertygofgdistributinggeconomicgprosperityguniformlygamonggthegmembersgofgsociet
y
g g g g g
Edition by N. Gregory Mankiw
g g g g
Complete Chapter Solutions Manual
g g g g
are included (Ch 1 to 19)
g g g g g
** Immediate Download
g g
** Swift Response
g g
** All Chapters included
g g g
,Instructor Manual g
Mankiw,gBriefgPrinciplesgofgMacroeconomics,g10e,g9780357722718;gChapterg1:gTengPrincipl
esgofgEconomics
PreparedgbygDavidgR.gHakes,gUniversitygofgNortherngIowa
TABLE OF CONTENTSG G
PurposegandgPerspectivegofgthegChapter........................................................................................................ 2
ChaptergObjectives................................................................................................................................................. 2
CompletegListgofgChaptergActivitiesgandgAssessments ............................................................................... 3
KeygTerms................................................................................................................................................................. 3
What'sgNewgingThisgChapter ............................................................................................................................... 4
ChaptergOutline....................................................................................................................................................... 4
SolutionsgtogTextgProblems .............................................................................................................................. 10
QuestionsgforgReview ....................................................................................................................................................... 10
ProblemsgandgApplications............................................................................................................................................ 11
AdditionalgActivitiesgandgAssignments.........................................................................................................14
Additionalg Resources..........................................................................................................................................15
CengagegVideogResources............................................................................................................................................... 15
,PURPOSE AND PERSPECTIVE OF THE CHAPTER
G G G G G
Chapterg1gisgthegfirstgchaptergingagthree-
chaptergsectiongthatgservesgasgthegintroductiongtogthegtext.gChapterg1gintroducesgtengfundamentalgpr
inciplesgongwhichgthegstudygofgeconomicsgisgbased.gIngagbroadgsense,gthegrestgofgthegtextgisgangelabor
ationgongthesegtengprinciples.gChapterg2gwillgdevelopghowgeconomistsgapproachgproblemsgwhilegCh
apterg3gwillgexplainghowgindividualsgandgcountriesggaingfromgtrade.
ThegpurposegofgChapterg1gisgtoglaygoutgtengeconomicgprinciplesgthatgwillgservegasgbuildinggblocksgforg
thegrestgofgthegtext.gThegtengprinciplesgcangbeggroupedgintogthreegcategories:ghowgpeoplegmakegdeci
sions,ghowgpeopleginteract,gandghowgthegeconomygworksgasgagwhole.gThroughoutgthegtext,greference
sgwillgbegmadegrepeatedlygtogthesegtengprinciples.
Keygpointsgaddressedgingthisgchapter:
Thegfundamentalglessonsgaboutgindividualgdecisiongmakinggaregthatgpeoplegfacegtrade-
offsgamonggalternativeggoals,gthatgthegcostgofganygactiongisgmeasuredgingtermsgofgforgonegop
portunities,gthatgrationalgpeoplegmakegdecisionsgbygcomparinggmarginalgcostsgandgmargina
lgbenefits,gandgthatgpeoplegchangegtheirgbehaviorgingresponsegtogthegincentivesgtheygface.
Thegfundamentalglessonsgaboutgeconomicginteractionsgamonggpeoplegaregthatgtradegandgi
nterdependencegcangbegmutuallygbeneficial,gthatgmarketsgaregusuallygaggoodgwaygofgcoor
dinatinggeconomicgactivity,gandgthatgtheggovernmentgcangpotentiallygimprovegmarketgout
comesgbygremedyinggagmarketgfailuregorgbygpromotingggreatergeconomicgequality.
Thegfundamentalglessonsgaboutgthegeconomygasgagwholegaregthatgproductivitygisgthegultimate
gsourcegofgimprovingglivinggstandards,gthatggrowthgingthegquantitygofgmoneygisgthegultimategs
ourcegofginflation,gandgthatgsocietygfacesgagshort-rungtrade-
offgbetweenginflationgandgunemployment.
CHAPTER OBJECTIVES
G
Thegfollowinggobjectivesgaregaddressedgingthisgchapter:
Explainghowgscarcityginfluencesgdecisions.
Explainghowgindividualsgevaluategopportunitygcostsgtogmakegdecisions.
Explainghowgmarginalganalysisginfluencesgdecisiongmaking.
Applygbasic,geconomicgprinciplesgofgindividualgdecisiongmakinggthatgdetermineghowgan
geconomyggenerallygworks.
Explainghowgthegtermsgofgtradegcangleadgtoggains.
, Givengagscenario,gidentifygthegdistributiongsystemgbeinggused.
COMPLETE LIST OF CHAPTER ACTIVITIES AND ASSESSMENTS
G G G G G G
Thegfollowinggtablegorganizesgactivitiesgandgassessmentsgsogthatgyougcangmakegdecisionsgaboutgwhi
chgcontentgyougwouldglikegtogemphasizegingyourgclass.gForgadditionalgguidance,grefergtogthegTeachin
ggOnlinegGuide.
Activity/Assessment Sourceg(i.e.,gPPTgslide,gWorkb Duration
ook)
IcebreakergActivity PPTgSlideg2 5–10gmins.
ActivegLearningg1 PPTgSlideg14 5gmins.
ActivegLearningg2 PPTgSlideg17 5gmins.
ActivegLearningg3 PPTgSlideg28 20–25gmins.
Think-Pair-Shareg Activity PPTgSlideg39 5–10gmins.
Self-Assessment PPTgSlideg40 5–10gmins.
Sectiong01-1gQuickQuiz MindTapgeBook 5gmins.
Sectiong01-2gQuickQuiz MindTapgeBook 5gmins.
Sectiong01-3gQuickQuiz MindTapgeBook 5gmins.
ConceptClip:g Efficiency MindTapgLearngItgFolder 5gmins.
ConceptClip:g Opportunityg Cost MindTapgLearngItgFolder 5gmins.
ConceptClip:g Externality MindTapgLearngItgFolder 5gmins.
Chapterg01gProblemsg&gApplications MindTapgStudygItgFolder 45–60gmins.
Chapterg01gA+gTestgPrep MindTapgStudygItgFolder N/A
Chapterg01gHomework MindTapgApplygItgFolder 30–45gmins.
Chapterg01gQuiz:gTengPrinciplesgofgEcono MindTapgApplygItgFolder 20–30gmins.
mics
[returngtogtop]
KEY TERMS
G
BusinessgCycle:gfluctuationsgingeconomicgactivity,gsuchgasgemploymentgandgproduction
Economics:gthegstudygofghowgsocietygmanagesgitsgscarcegresources
Efficiency:gthegpropertygofgsocietyggettinggthegmostgitgcangfromgitsgscarcegresources
Equality:gthegpropertygofgdistributinggeconomicgprosperityguniformlygamonggthegmembersgofgsociet
y
