Brief Principles of Macroeconomics 10th
c c c c c
Edition by N. Gregory Mankiw
c c c c
Complete Chapter Solutions Manual
c c c c
are included (Ch 1 to 19)
c c c c c
** Immediate Download
c c
** Swift Response
c c
** All Chapters included
c c c
,Instructor Manual c
Mankiw,cBriefcPrinciplescofcMacroeconomics,c10e,c9780357722718;cChapter c1:cTencPrincipl
escofcEconomics
PreparedcbycDavidcR.cHakes,cUniversity cof cNortherncIowa
TABLE OF CONTENTS
C C
PurposecandcPerspectivecofcthecChapter ....................................................................................... 2
ChaptercObjectives ......................................................................................................................... 2
CompletecList cofcChaptercActivitiescandcAssessments .................................................................. 3
KeycTerms....................................................................................................................................... 3
What'scNewcincThiscChapter........................................................................................................... 4
ChaptercOutline .............................................................................................................................. 4
Solutionscto cText cProblems.......................................................................................................... 10
QuestionscforcReview......................................................................................................................................................... 10
ProblemscandcApplications.............................................................................................................................................. 11
Additional cActivitiescandcAssignments........................................................................................ 14
Additional cResources ................................................................................................................... 15
Cengage cVideocResources................................................................................................................................................. 15
,PURPOSE AND PERSPECTIVE OF THE CHAPTER
C C C C C
Chapterc1ciscthecfirstcchaptercincacthree-
chaptercsectioncthatcservescascthecintroductionctocthectext.cChapterc1cintroducesctencfundamentalcpri
nciplesconcwhichcthecstudy cof ceconomicsciscbased.cIncacbroadcsense,cthecrestcof cthectextciscancelaborat
ionconcthesectencprinciples.cChapterc2cwillcdevelopchow ceconomistscapproachcproblemscwhilecChapt
erc3cwillcexplainchow cindividualscandccountriescgaincfrom ctrade.
Thecpurposecof cChapterc1cisctoclay coutctenceconomiccprinciplescthatcwillcservecascbuildingcblockscforct
hecrestcof cthectext.cThectencprinciplesccancbecgroupedcintocthreeccategories:chow cpeoplecmakecdecisi
ons,chow cpeoplecinteract,candchow cthececonomy cworkscascacwhole.cThroughoutcthectext,creferencesc
willcbecmadecrepeatedly ctocthesectencprinciples.
Keycpointscaddressedcincthiscchapter:
• Thecfundamentalclessonscaboutcindividualcdecisioncmakingcarecthatcpeoplecfacectrade-
offscamongcalternativecgoals,cthatctheccostcof canycactionciscmeasuredcinctermscof cforgonecop
portunities,cthatcrationalcpeoplecmakecdecisionscby ccomparingcmarginalccostscandcmarginal
cbenefits,candcthatcpeoplecchangectheircbehaviorcincresponsectocthecincentivescthey cface.
• Thecfundamentalclessonscaboutceconomiccinteractionscamongcpeoplecarecthatctradecandci
nterdependenceccancbecmutually cbeneficial,cthatcmarketscarecusually cacgoodcway cof ccoord
inatingceconomiccactivity,candcthatcthecgovernmentccancpotentially cimprovecmarketcoutco
mescby cremedyingcacmarketcfailurecorcby cpromotingcgreaterceconomiccequality.
• Thecfundamentalclessonscaboutcthececonomy cascacwholecarecthatcproductivityciscthecultimatec
sourcecof cimprovingclivingcstandards,cthatcgrowthcincthecquantity cof cmoney ciscthecultimatecso
urcecof cinflation,candcthatcsociety cfacescacshort-runctrade-
off cbetweencinflationcandcunemployment.
CHAPTER OBJECTIVES
C
Thecfollowingcobjectivescarecaddressedcincthiscchapter:
• Explainchow cscarcity cinfluencescdecisions.
• Explainchow cindividualscevaluatecopportunity ccostsctocmakecdecisions.
• Explainchow cmarginalcanalysiscinfluencescdecisioncmaking.
• Apply cbasic,ceconomiccprinciplescof cindividualcdecisioncmakingcthatcdeterminechow canc
economy cgenerally cworks.
• Explainchow cthectermscof ctradeccancleadctocgains.
, • Givencacscenario,cidentify cthecdistributioncsystem cbeingcused.
COMPLETE LIST OF CHAPTER ACTIVITIES AND ASSESSMENTS
C C C C C C
Thecfollowingctablecorganizescactivitiescandcassessmentscsocthatcyouccancmakecdecisionscaboutcwhic
hccontentcyoucwouldclikectocemphasizecincyourcclass.cForcadditionalcguidance,creferctocthecTeachingc
OnlinecGuide.
Activity/Assessment Sourcec(i.e.,cPPTcslide,cWorkbo Duration
ok)
IcebreakercActivity PPTcSlidec2 5–10cmins.
ActivecLearningc1 PPTcSlidec14 5cmins.
ActivecLearningc2 PPTcSlidec17 5cmins.
ActivecLearningc3 PPTcSlidec28 20–25cmins.
Think-Pair-Sharec Activity PPTcSlidec39 5–10cmins.
Self-Assessment PPTcSlidec40 5–10cmins.
Sectionc01-1cQuickQuiz MindTapceBook 5cmins.
Sectionc01-2cQuickQuiz MindTapceBook 5cmins.
Sectionc01-3cQuickQuiz MindTapceBook 5cmins.
ConceptClip:c Efficiency MindTapcLearncItcFolder 5cmins.
ConceptClip:cOpportunity c Cost MindTapcLearncItcFolder 5cmins.
ConceptClip:c Externality MindTapcLearncItcFolder 5cmins.
Chapterc01cProblemsc&cApplications MindTapcStudy cItcFolder 45–60cmins.
Chapterc01cA+cTestcPrep MindTapcStudy cItcFolder N/A
Chapterc01cHomework MindTapcApply cItcFolder 30–45cmins.
Chapterc01cQuiz:cTencPrinciplescof cEcono MindTapcApply cItcFolder 20–30cmins.
mics
[returncto ctop]
KEY TERMS
C
BusinesscCycle:cfluctuationscinceconomiccactivity,csuchcascemploymentcandcproduction
Economics:cthecstudy cof chow csociety cmanagescitscscarcecresources
Efficiency:cthecproperty cof csociety cgettingcthecmostcitccancfrom citscscarcecresources
Equality:cthecproperty cof cdistributingceconomic cprosperity cuniformlycamongcthecmemberscof csociet
y
c c c c c
Edition by N. Gregory Mankiw
c c c c
Complete Chapter Solutions Manual
c c c c
are included (Ch 1 to 19)
c c c c c
** Immediate Download
c c
** Swift Response
c c
** All Chapters included
c c c
,Instructor Manual c
Mankiw,cBriefcPrinciplescofcMacroeconomics,c10e,c9780357722718;cChapter c1:cTencPrincipl
escofcEconomics
PreparedcbycDavidcR.cHakes,cUniversity cof cNortherncIowa
TABLE OF CONTENTS
C C
PurposecandcPerspectivecofcthecChapter ....................................................................................... 2
ChaptercObjectives ......................................................................................................................... 2
CompletecList cofcChaptercActivitiescandcAssessments .................................................................. 3
KeycTerms....................................................................................................................................... 3
What'scNewcincThiscChapter........................................................................................................... 4
ChaptercOutline .............................................................................................................................. 4
Solutionscto cText cProblems.......................................................................................................... 10
QuestionscforcReview......................................................................................................................................................... 10
ProblemscandcApplications.............................................................................................................................................. 11
Additional cActivitiescandcAssignments........................................................................................ 14
Additional cResources ................................................................................................................... 15
Cengage cVideocResources................................................................................................................................................. 15
,PURPOSE AND PERSPECTIVE OF THE CHAPTER
C C C C C
Chapterc1ciscthecfirstcchaptercincacthree-
chaptercsectioncthatcservescascthecintroductionctocthectext.cChapterc1cintroducesctencfundamentalcpri
nciplesconcwhichcthecstudy cof ceconomicsciscbased.cIncacbroadcsense,cthecrestcof cthectextciscancelaborat
ionconcthesectencprinciples.cChapterc2cwillcdevelopchow ceconomistscapproachcproblemscwhilecChapt
erc3cwillcexplainchow cindividualscandccountriescgaincfrom ctrade.
Thecpurposecof cChapterc1cisctoclay coutctenceconomiccprinciplescthatcwillcservecascbuildingcblockscforct
hecrestcof cthectext.cThectencprinciplesccancbecgroupedcintocthreeccategories:chow cpeoplecmakecdecisi
ons,chow cpeoplecinteract,candchow cthececonomy cworkscascacwhole.cThroughoutcthectext,creferencesc
willcbecmadecrepeatedly ctocthesectencprinciples.
Keycpointscaddressedcincthiscchapter:
• Thecfundamentalclessonscaboutcindividualcdecisioncmakingcarecthatcpeoplecfacectrade-
offscamongcalternativecgoals,cthatctheccostcof canycactionciscmeasuredcinctermscof cforgonecop
portunities,cthatcrationalcpeoplecmakecdecisionscby ccomparingcmarginalccostscandcmarginal
cbenefits,candcthatcpeoplecchangectheircbehaviorcincresponsectocthecincentivescthey cface.
• Thecfundamentalclessonscaboutceconomiccinteractionscamongcpeoplecarecthatctradecandci
nterdependenceccancbecmutually cbeneficial,cthatcmarketscarecusually cacgoodcway cof ccoord
inatingceconomiccactivity,candcthatcthecgovernmentccancpotentially cimprovecmarketcoutco
mescby cremedyingcacmarketcfailurecorcby cpromotingcgreaterceconomiccequality.
• Thecfundamentalclessonscaboutcthececonomy cascacwholecarecthatcproductivityciscthecultimatec
sourcecof cimprovingclivingcstandards,cthatcgrowthcincthecquantity cof cmoney ciscthecultimatecso
urcecof cinflation,candcthatcsociety cfacescacshort-runctrade-
off cbetweencinflationcandcunemployment.
CHAPTER OBJECTIVES
C
Thecfollowingcobjectivescarecaddressedcincthiscchapter:
• Explainchow cscarcity cinfluencescdecisions.
• Explainchow cindividualscevaluatecopportunity ccostsctocmakecdecisions.
• Explainchow cmarginalcanalysiscinfluencescdecisioncmaking.
• Apply cbasic,ceconomiccprinciplescof cindividualcdecisioncmakingcthatcdeterminechow canc
economy cgenerally cworks.
• Explainchow cthectermscof ctradeccancleadctocgains.
, • Givencacscenario,cidentify cthecdistributioncsystem cbeingcused.
COMPLETE LIST OF CHAPTER ACTIVITIES AND ASSESSMENTS
C C C C C C
Thecfollowingctablecorganizescactivitiescandcassessmentscsocthatcyouccancmakecdecisionscaboutcwhic
hccontentcyoucwouldclikectocemphasizecincyourcclass.cForcadditionalcguidance,creferctocthecTeachingc
OnlinecGuide.
Activity/Assessment Sourcec(i.e.,cPPTcslide,cWorkbo Duration
ok)
IcebreakercActivity PPTcSlidec2 5–10cmins.
ActivecLearningc1 PPTcSlidec14 5cmins.
ActivecLearningc2 PPTcSlidec17 5cmins.
ActivecLearningc3 PPTcSlidec28 20–25cmins.
Think-Pair-Sharec Activity PPTcSlidec39 5–10cmins.
Self-Assessment PPTcSlidec40 5–10cmins.
Sectionc01-1cQuickQuiz MindTapceBook 5cmins.
Sectionc01-2cQuickQuiz MindTapceBook 5cmins.
Sectionc01-3cQuickQuiz MindTapceBook 5cmins.
ConceptClip:c Efficiency MindTapcLearncItcFolder 5cmins.
ConceptClip:cOpportunity c Cost MindTapcLearncItcFolder 5cmins.
ConceptClip:c Externality MindTapcLearncItcFolder 5cmins.
Chapterc01cProblemsc&cApplications MindTapcStudy cItcFolder 45–60cmins.
Chapterc01cA+cTestcPrep MindTapcStudy cItcFolder N/A
Chapterc01cHomework MindTapcApply cItcFolder 30–45cmins.
Chapterc01cQuiz:cTencPrinciplescof cEcono MindTapcApply cItcFolder 20–30cmins.
mics
[returncto ctop]
KEY TERMS
C
BusinesscCycle:cfluctuationscinceconomiccactivity,csuchcascemploymentcandcproduction
Economics:cthecstudy cof chow csociety cmanagescitscscarcecresources
Efficiency:cthecproperty cof csociety cgettingcthecmostcitccancfrom citscscarcecresources
Equality:cthecproperty cof cdistributingceconomic cprosperity cuniformlycamongcthecmemberscof csociet
y
