Macroeconomics: Canadian Edition: Edition 6

N. Gregory Mankiw is the Robert M. Beren Professor of Economics at Harvard University. He began his study of economics at Princeton University, where he received an A.B. in 1980. After earning a Ph.D. in economics from MIT, he began teaching at Harvard in 1985 and was promoted to full professor in 1987.At Harvard, he has taught both undergraduate and graduate courses in macroeconomics. He is also author of the best-selling introductory textbook Principles of Economics (Cengage Learning).

Professor Mankiw is a regular participant in academic and policy debates. His research ranges across macroeconomics and includes work on price adjustment, con- sumer behaviour, financial markets, monetary and fiscal policy, and economic growth. In addition to his duties at Harvard, he has been a research associate of the National Bureau of Economic Research, a member of the Brookings Panel on Economic Activ- ity, a trustee of the Urban Institute, and an adviser to the U.S. Congressional Budget Office and the Federal Reserve Banks of Boston and New York. From 2003 to 2005, he was chair of the President’s Council of Economic Advisers in the United States.

Professor Mankiw lives in Massachusetts with his wife, Deborah, and their children, Catherine, Nicholas, and Peter.

William M. Scarth is Professor Emeritus of Economics at McMaster University. His introduction to the subject came at Queen’s University, where he obtained the Gold Medal in economics upon graduating with his B.A. After receiving a Com- monwealth Scholarship and M.A. and Ph.D. degrees at the universities of Essex and Toronto, he began teaching at McMaster where he has received both the Presi- dent’s Best Teacher Award and the McMaster Student Union Lifetime Achievement Award. He has held a number of visiting positions at other universities in Canada, Australia, and England.

Professor Scarth has published many articles in academic journals, often writing on such topics as the stabilization policy problems faced by small open economies and the challenges posed by the desire to generate—and share fairly—rising living standards. He is also the author of other textbooks—one that introduces graduate students to advanced methods in macroeconomics, and two introductory books. In addition to research and teaching at McMaster, he is a Research Fellow at the C. D. Howe Institute, Canada’s leading nonprofit policy institute.

Professor Scarth lives in Dundas, Ontario, with his wife, Kathy.They enjoy visits with the next two generations of their family: Brian, David, Anna, Cameron, and Elisabeth.