Mankiw Principles of Economics (Graphic Edition) Review + Giveaway!

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Here at FH, we get a lot of reader enquiries on what resources to read to learn about investing.

We’ve created a Top 10 List of Investing Books to Read for people who want to boost their investing knowledge. 

Beyond these investing books, we also often encourage readers to boost their knowledge by learning about history, politics and macro-economics. This is because investing is clearly intertwined with the macro economy, and therefore understanding the big picture is very important. 

In this post, we are excited to introduce an excellent series of books that can teach you about economics and macro fundamentals. 

Most business school students will already be familiar with this series – Professor Mankiw’s Principles of Economics. It is Econ 101 in a nutshell.

You may be thinking of Professor Mankiw’s economics textbooks, and find it difficult to add this to your leisure reading.

However, what we’re introducing today are Professor Mankiw’s economic teachings in a graphic format! 

Prepped with exciting visuals, Professor Mankiw’s Principles of Economics (Graphic Edition) is an amazing way to learn economics concepts. 

Principles of Economics (Graphic Edition)

When the team at Cengage offered the FH Team a chance to review this set of books, we were totally excited. We’ve actually reviewed Volume 1 before, and were naturally excited to read the rest of the series. 

When we say that it’s appropriate for all ages, we really mean it.

No matter your age group, these graphic books will serve the dual function of entertaining + enlightening! 

Who is Professor Mankiw?

This series of graphic books is adapted from the global bestseller, Principles of Economics, by N. Gregory Mankiw.

N. Gregory Mankiw is a Professor of Economics at Harvard University. For 14 years he taught EC10 Principles, the most popular course at Harvard. 

Contents

Volume 1

Chapter 1. How People Make Decisions
Chapter 2. How People Interact
Chapter 3. How the Economy as a Whole Works
Chapter 4. Thinking Like an Economist
Chapter 5. Ten Propositions Most Economists Agree On

Volume 2

Chapter 1 Market Supply and Demand
Chapter 2 Elasticity and Its Application
Chapter 3 Supply, Demand and Government Policies
Chapter 4 Consumers, Producers, and the Market Efficiency
Chapter 5 Application of Welfare Economics
Chapter 6 Public Sector Economics

Volume 3

Chapter 1 The Cost of Production
1 What are costs?
2 Production and costs
3 Costs in the short run and in the long run

Chapter 2 Competitive Markets
1 The competitive firm’s supply curve
2 The supply curve in a competitive market

Chapter 3 Monopoly
1 How monopolies make production and pricing decisions
2 Inefficiency of monopoly
3 Price discrimination
4 Policy toward monopolies

Chapter 4 Monopolistic Competition
1 Monopolistic competition
2 Advertising

Chapter 5 Oligopoly
1 Markets with only a few sellers
2 The economies of cooperation
3 Public policy toward oligopolies

Volume 4

Chapter 1 The Markets for the Factors of Production
1 The demand and supply for labor
2 Equilibrium in the labor market
3 Land and capital

Chapter 2 Earnings and Discrimination
1 Some determinants of equilibrium wages
2 The economics of discrimination

Chapter 3 Income Inequality and Poverty
1 Measuring inequality
2 The political philosophy of redistributing income
3 Policies to reduce poverty

Chapter 4 The Theory of Consumer Choice
1 The budget constraint
2 Preference
3 Optimization
4 Three applications

Chapter 5 Frontiers of Economics
1 Information asymmetry
2 Political economy
3 Behavioral economics

Our Thoughts

We really enjoyed the series (Vol 1 to Vol 4), and each volume was packed with useful information, in an easily-understandable manner. 

Economic concepts explained in graphic form was surprisingly deep. Each graphic is well thought-out, and definitely gets you thinking. 

We learnt a lot going through the content, and we find it very useful for investing, as you are re-learning and re-absorbing these fundamental economic principles.

There is also quite a bit of background with historical explanations, which helps frame the context in which you learn these concepts. 

Financial Horse x Cengage Promo Code

If you’re interested in getting a copy of these fantastic books, you can use the FH promo code. 

With the promo code POEFH21, you get a 20% discount!

Validity period: Now – 31 Jan 2022 via cengageasia.com

For individual purchases of volume 1 – 4, this promo code is applicable for a 20% discount.

For bundle purchase, this promo code is applicable for 20% discount on top of the existing 15% off for bundles.

Giveaway!

5 x Giveaway Sets of Principles of Economics: Graphic Edition Bundle (Vol 1- 4) for 5 Lucky FH Readers!

Rules: 

YouTube x 2 Winners

  1. Subscribe to our YouTube Channel
  2. Like this video and comment with your best investing tip & leave your email address to be contacted

Instagram x 2 Winners

  1. Follow us on Instagram
  2. Comment on this post with your best investing tip and tag 2 friends 

Reddit x 1 Winner

  1. Join our Reddit Community
  2. Comment on this thread and share your best investing tip

Giveaway closes in 1 month! Winners will be contacted on the respective platforms.  

May the odds be in your favour!

Hint: Like Financial Horse on all 3 platforms to boost your chance of winning!

Join Financial Horse’s Investing Community!

4 COMMENTS

  1. Hi Kid, you can leave any other form of contact details that you are comfortable with (e.g Instagram handle)! As long as we are able to contact you – as YouTube has discontinued their message function!

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