About the book

This Special Edition of Mankiw and Taylor’s Economics provides highly topical and in-depth coverage of the global financial crisis of 2007-2009.

Two new chapters are included: one on the causes of the recession and one on the remedies available to resolve it. Using a rich array of real-life examples, these new chapters provide students with up to date, real world insights into economic crises.

Alongside these two new chapters, several of the existing chapters have been carefully revised and updated to clarify and enhance their content, and further expand students’ knowledge of economic theory. All of the features that made the original edition so successful and well-regarded have been retained including the the classic Ten Principles approach to economics – introduced in Chapter One and then referred to throughout the book, the distinctly European flavour including reference to UK and European institutions and policy, familiar terminology and cultural references, predominant use of the euro in discussions and UK and European case studies and press extracts.

Features

• Two new chapters on the causes and remedies of the 2007-2009 global financial crisis
• Three existing chapters have been carefully revised and brought up to date; Chapter 12 The design of the tax system has been updated with current tax
  policy and now includes a section on comparative tax systems (e.g. South Africa, Germany) to provide broader international coverage; Chapter 33
  Aggregate demand and aggregate supply has been updated with recent
  changes in macroeconomy and Chapter 34 The influence of monetary and
  fiscal policy on aggregate demand now includes extended coverage of policy
  scrutiny, extraordinary measures and recession budget deficit
• Revised online content reflecting the changes made in the book