Macroeconomics

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In the New Economics: Fast-Food Factories?", The New York Times, February 20, 2004. Retrieved March 28, 2008. Mitt Romney's Free and Strong America PAC". Thecommonwealthpac.com. 2009-11-09. Archived from the original on 2016-09-19 . Retrieved 2010-07-29. Mankiw is a conservative, [11] [12] [13] [14] and has been an economic adviser to several Republican politicians. From 2003 to 2005, Mankiw was Chairman of the Council of Economic Advisers under President George W. Bush. In 2006, he became an economic adviser to Mitt Romney, and worked with Romney during his presidential campaigns in 2008 and 2012. In October 2019, he announced that he was no longer a Republican because of his discontent with President Donald Trump and the Republican Party. [15] Early life and education [ edit ]

Blanchard, Olivier Jean; Kiyotaki, Nobuhiro (1987). "Monopolistic Competition and the Effects of Aggregate Demand". The American Economic Review. 77 (4): 647–666. JSTOR 1814537. Principles of Economics is the standard textbook for American economics departments' introductory classes. [6] [7] [8] The current publisher Cengage claims it is the "most popular economics textbook". [9] 10 Principles [ edit ] Mankiw, Nicholas Gregory. Princeton University. Department of Economics (ed.). "Understanding Employment Fluctuation". {{ cite journal}}: Cite journal requires |journal= ( help) Best 300 Professors Press Release - Public Relations - The Princeton Review - The Princeton Review". www.princetonreview.com. Mankiw, N. Gregory; Weil, David N. (1990). "The Baby Boom, The Baby Bust, and the Housing Market" (PDF). NBER Working Paper. W2794 (2): 235–58. doi: 10.1016/0166-0462(89)90005-7. PMID 12283640. SSRN 245837.

Robert M. Beren Professor of Economics

N. Gregory Mankiw; David Romer; David Weil (1992). "A Contribution to the Empirics of Economic Growth". Quarterly Journal of Economics. 107 (2): 407–437. CiteSeerX 10.1.1.335.6159. doi: 10.2307/2118477. JSTOR 2118477. S2CID 1369978. N. Gregory Mankiw (1985). "Small Menu Costs and Large Business Cycles: A Macroeconomic Model of Monopoly". Quarterly Journal of Economics. 100 (2): 529–537. doi: 10.2307/1885395. JSTOR 1885395. N. Gregory Mankiw (2006). Principles of Economics (4thed.). South-Western College Pub. ISBN 978-0-324-22472-6. In May 2003, President George W. Bush appointed Mankiw as Chairman of the Council of Economic Advisers. Mankiw served in that post from 2003 to 2005 and was followed by Harvey S. Rosen and then Ben Bernanke. As chairman, Mankiw was part of a George W. Bush administration effort seeking greater oversight of two government-sponsored enterprises: Fannie Mae and Freddie Mac. In a November 2003 speech to a conference of bank supervisors, [41] he said:

Oremus, Will (November 8, 2011). "Harvard Students Stage Walkout in OWS-Like Protest". Slate. Archived from the original on December 18, 2011. where some 70 students walked out of an introductory economics class last week to protest what they saw as biased teachings. NEW Online-Only Problems. Professor Mankiw has written dozens of new end-of-chapter problems that are available only in the digital version of Macroeconomics. Analytic problems ask students to practice shifting the curves in various models and interpreting the results. Numerical problems present models with specific parameter values and ask students to calculate the resulting equilibria. Still other problems incorporate data: They ask students to answer questions about data describing the U.S. economy, which can be easily accessed using Federal Reserve Economic Data (FRED). On November 2, 2011, a number of students in Mankiw's Economics 10 class walked out of his lecture. Several dozen of the 750 students participated. [59] [60] Before leaving, they handed Mankiw an open letter critical of his course that stated in part: The students concluded their letter by stating that they would instead be attending the underway Occupy Boston demonstration. Counterprotesters showed up in that class, and Mankiw replied to his students in an article in The New York Times. [62] An editorial in the student-run Harvard Crimson condemned the protest [63] by My students experience the links between economic theory, model building, applications, and econometrics based on the way they learn economics through Mankiw's text...It is the solid foundation they get from their experience with Mankiw's Intermediate Macro book that enables them to continue applying and learning well after the final exam.”NEW Step-by-Step graphs are integrated into the e-book mirror how an instructor constructs graphs in the classroom. By breaking down the process into its components, these graphs create more manageable “chunks” for students to understand each step of the process. These graphs are also available as lecture slides. Chandler, Clay (October 2, 1994). "From the GOP, Old Lines for New Times; On Tax Cuts, Capital Gains, the Budget and Other Issues, Republicans Return to an '80s Hit". The Washington Post. The book introduces 10 principles of economics "that supposedly represent the heart of economic wisdom". [10] [11] On October 28, 2019, Mankiw left the Republican Party and registered as an independent. He cited his disappointment in the party's overlooking of President Trump's misdeeds and a wish to vote in either primary in his home state, Massachusetts. [15] Advocacy of Pigovian taxation [ edit ]

Mankiw, N. Gregory (January 2020). Principles of economics (Ninthed.). Boston, MA. ISBN 978-0-357-03831-4. OCLC 1109789332. {{ cite book}}: CS1 maint: location missing publisher ( link)a b For Greg Mankiw's blog, see "GREG MANKIW'S BLOG / Random Observations for Students of Economics". Beyond his work in macroeconomics, Mankiw has also written several other notable papers. In 1989, he coauthored a paper with David Weil that examined the demographic determinants of housing demand and predicted that the aging of baby boomers would undermine the housing market in the 1990s and 2000s. [36] In 1986, he coauthored a paper with Michael Whinston in microeconomic theory that showed that under imperfect competition, entry tends to be excessive in homogeneous-goods industries because entrants fail to take into account the business-stealing externality that they impose on their rivals. When goods are heterogeneous, it is ambiguous whether free entry produces too many or too few firms because of offsetting business-stealing and product-variety externalities. [37] Textbooks [ edit ] After leaving the CEA, Mankiw resumed teaching at Harvard and took over one of the most popular classes at Harvard College, the introductory economics course Ec 10, from Martin Feldstein. [42] He has become an influential figure in the blogosphere and online journalism since launching his eponymous blog. The blog, [8] which was originally designed to assist his Ec10 students, has gained a readership that extends far beyond students of introductory economics. [43] Subtitled "Random Observations for Students of Economics," it was ranked the top economics blog by US economics professors in a 2011 survey. [44] Matthews, Dylan (2019-05-14). "The radical plan to change how Harvard teaches economics". Vox . Retrieved 2020-03-18.

New Mexico Tech News". New Mexico Tech. June 17, 2004. Archived from the original on May 28, 2010 . Retrieved November 29, 2010. Bofinger, Peter (2020-01-03). "Best of Mankiw: Errors and Tangles in the World's Best-Selling Economics Textbooks". Institute for New Economic Thinking . Retrieved 2021-01-06.Andrews, Edmund L. "Economics Adviser Learns the Principles of Politics", The New York Times, February 26, 2004. Accessed September 19, 2019. "He describes himself as a lifelong Republican, which sets him apart from many Harvard colleagues. He distributed campaign literature for Richard Nixon in the early 1970's, and he grew up in Cranford, a fairly affluent suburb in New Jersey, the son of an engineer and a teacher." Harvard Economist Advises Mitt Romney". Archived from the original on August 13, 2015 . Retrieved October 5, 2011. Omicron Delta Epsilon, the international honor society for economics, awarded Mankiw the biennial John R. Commons Award. [81] Isidore, Chris (November 2, 2011). "O.W.S. stages walk-out of Harvard econ class". CNN. Jose DelReal, a reporter with The Harvard Crimson, the student newspaper, said about 60 students participated in the walk-out.