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ECONOMICS Economics, N. Gregory Mankiw and Mark P. Taylor, special edition, Cengage Learning EMEA, 2010, 91 6 pages, £49.99, ISBN 978 14080 2126 2. Further information from www.cengage.ci.uk and www.CengageBrain.com.
Originally intended as an introduction for undergraduate economics students, this book covers all the topics students will need in order to excel in AS and A2 Economics. Drawing on valuable experience as a research associate of the National Bureau of Economic Research and adviser to the Federal Reserve Bank of Boston and the Congressional Budget Office, Professor Gregory Mankiw (Harvard University) offers first-hand insight into how the global banking system works. Professor Mark Taylor, Dean of Warwick Business School, a former managing director of BlackRock (an asset management firm) and previously senior economist at the IMF, enriches the book with clear and realistic unveiling of the principles behind global economic systems and organisations. Together, they highlight the connections between microeconomics and macroeconomics that modular courses sometimes omit.
The opening discourse sets out three well-developed reasons why students should study economics: the importance of understanding the world in which we live, of becoming an astute participant in the...