Macroeconomics (5th Ed.) by N.Gregory Mankiw

Macroeconomics (5th Ed.) by N.Gregory Mankiw

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Get Macroeconomics (5th Ed.) by N.Gregory Mankiw at Salaedu.com

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Foreign exchange, or forex, is the conversion of one country’s currency into another.
In a free economy, a country’s currency is valued according to the laws of supply and demand.
In other words, a currency’s value can be pegged to another country’s currency, such as the U.S. dollar, or even to a basket of currencies.
A country’s currency value may also be set by the country’s government.
However, most countries float their currencies freely against those of other countries, which keeps them in constant fluctuation.

Mankiw’s text covers the field of macroeconomics accessibly and concisely, emphasising the relevance of both its classical roots and its practice at the beginning of the 21st century. It is updated to deal with the economic slowdown of 2001, due to the end of the stock market boom and the events of September 11, which has again put business cycle theory centre stage.

Review

‘…still my favourite text.’ — Professor Landmann, Albert-Ludwig University, Freiberg, on the previous edition

‘A clear, user-friendly presentation of modern macroeconomic analysis…the international coverage makes it suitable for a European, as well as a US audience.’ — Dr Martin Tait, University of Newcastle, on the previous edition

‘Excellent clear exposition. Good coverage of range of material. The market leader. Excellent aids for lecturers.’ — Dr. S W Proce, Department of Economics, University of Leicester, on the previous edition

About the Author

1. GREGORY MANKIW, Professor of Economics, Harvard University

Get Macroeconomics (5th Ed.) by N.Gregory Mankiw at Salaedu.com