5 Best Economics Books You Must Read

5 Best Economics Books You Must Read

Best economics books:

When you read more, you get more stuff to think about. When you read more books, you get more experience from the life and career of different authors. The opinion and words described in the books help you expand your understanding and enhance your concepts. Encouraging the reading activity, we have listed down the 5 best economics books for the aspirants of economics based on our in-depth research and analysis of each book.

Let’s see the top economics books for beginners and advanced learners.

 

1-Microeconomics

(By Paul Krugman and Robin Wells)

This book is one of the best economics books that is accepted worldwide. This book is best even if you are an undergraduate or business professional. It is very easy to read and follow. If you want to master the microeconomics fundamentals, this book is a great option. The author believes this book distinguishes itself in several ways that will make your introductory economics course easier and more successful.

Table of contents

1. What is Economics 2. Supply and Demand 3. Individuals and Markets 4. The Producer 5. The Consumer 6. Markets and Efficiency 7. Market Structure: Beyond Perfect Competition. 8. Extending Market Boundaries 9. Microeconomics and Public Policy 10. New Directions for Markets.

 

2-Principles of Microeconomics 

(N. Gregory Mankiw)

The author of this book is a professor of economics at Harvard University. The goal of the author emphasizes the material that students find interesting about the study of the economy. This is one of the best economics books to read if you are looking for the best economics books for beginners.  This book covers almost all the microeconomics concepts from the root level. The language of the books is very simple and user friendly.

Table of contents

1. Introduction to principles of economics 2. How markets work 3. Markets and welfare 4. The economics of the public sector 5. Firm behavior and the organization of industry 6. The economics of labor markets 7. Topics for further study.

 

3- Microeconomic Theory

(by Andreu Mas-Colell, Michael D. Whinston and Jerry R. Green)

This book is also one of the best economics books. It is a complete guide on microeconomics. If you want to learn microeconomics from scratch, this book will not be the best choice. It is entirely designed for advanced learners who have already built their basic concepts. This book is equally beneficial for instructors or researchers. 

Table of contents

1. Individual decision making 2. Game theory 3. Market equilibrium and market failure 4. General equilibrium 5. Welfare economics and incentives.

 

4- Principles of Macroeconomics 

(N. Gregory Mankiw)

The goal of the author is to make macroeconomics understandable, relevant, and (believe it or not) fun. This book is also one of the best economics books on macroeconomics that you must read once in your life. Everything is perfectly structured from start to end with clear explanations that give you a great understanding of economics. This book is full of practical examples that make your learning easy. It could be helpful for students (Intermediate, graduate, and masters level), professionals, or business owners to enhance their macroeconomics concepts.

Table of contents

1. Introduction to macroeconomics 2. Classical theory: The economy in the long run 3. Growth theory: The economy in the very long run 4. The business cycle theory: Economy in the short run 5. Macroeconomic policy debates 6. More on the microeconomics behind macroeconomics.

 

 5. Advanced Macroeconomics (McGraw-hill Publications)

(by David Romer)

Advanced macroeconomics book helps students to begin researching macroeconomics and monetary economics. The theoretical analysis with examples of relevant empirical work, illustrating the ways that theories can be applied and tested. As the name of the book suggests, it is well recommended for medium and advanced learners of macroeconomics. 

Table of contents

1. Introduction 2. Infinite-horizon and overlapping generations model 3. Endogenous growth 4. Cross country income differences 5. Real business cycle theory 6. Nominal rigidity 7. Equilibrium models of fluctuations 8. Consumption 9. Investment 10. Unemployment 11. Inflation and monetary policy 12. Budget deficit and fiscal policy.

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