When it comes to explaining fundamental economic principles by drawing on current economic issues and events, there is no one more effective than Nobel laureate and New York Times columnist Paul Krugman and co-author, Robin Wells. In this best-selling introductory textbook, Krugman and Wells' signature storytelling style and uncanny eye for revealing examples will help you understand how economic concepts play out in our world. The new edition has been revised and enhanced throughout, including incisive new looks at long-run growth and at market power, and extensive coverage of the economic…mehr
When it comes to explaining fundamental economic principles by drawing on current economic issues and events, there is no one more effective than Nobel laureate and New York Times columnist Paul Krugman and co-author, Robin Wells. In this best-selling introductory textbook, Krugman and Wells' signature storytelling style and uncanny eye for revealing examples will help you understand how economic concepts play out in our world. The new edition has been revised and enhanced throughout, including incisive new looks at long-run growth and at market power, and extensive coverage of the economic impacts and policy responses to the coronavirus pandemic. Economics is supported by Achieve, which includes: - Animated pre-lecture tutorials and bridge questions will help you to understand core economic topics before going to class - Access to an eBook for easy reading and searching - LearningCurve adaptive quizzing offers practice questions to check your understanding and provides feedback to ensure you have grasped the concepts - Step-by-Step graphs and Work It Out activities allow you to work step-by-step through scenarios so that you can see economic principles in action
Part 1: What Is Economics? Introduction An Engine for Growth and Discovery Chapter 1 First Principles Chapter 2 Economic Models: Trade-offs and Trade Appendix: Graphs in Economics Part 2: Supply and Demand Chapter 3 Supply and Demand Chapter 4 Consumer and Producer Surplus Chapter 5 Price Controls and Quotas: Meddling with Markets Chapter 6 Elasticity Part 3: Individuals and Markets Chapter 7 Taxes Chapter 8 International Trade Part 4: Economics and Decision Making Chapter 9 Decision Making by Individuals and Firms Appendix: Toward a Fuller Understanding of Present Value Part 5: The Consumer Chapter 10 The Rational Consumer Appendix: Consumer Preferences and Consumer Choice Part 6: The Production Decision Chapter 11 Behind the Supply Curve: Inputs and Costs Chapter 12 Perfect Competition and the Supply Curve Part 7: Market Structure: Beyond Perfect Competition Chapter 13 Monopoly Chapter 14 Oligopoly Chapter 15 Monopolistic Competition and Product Differentiation Part 8: Microeconomics and Public Policy Chapter 16 Externalities Chapter 17 Public Goods and Common Resources Chapter 18 The Economics of the Welfare State Part 9: Factor Markets and Risk Chapter 19 Factor Markets and the Distribution of Income Appendix Indifference Curve Analysis of Labor Supply Chapter 20 Uncertainty, Risk, and Private Information Part 10: Introduction to Macroeconomics Chapter 21 Macroeconomics: The Big Picture Chapter 22 GDP and the CPI: Tracking the Macroeconomy Chapter 23 Unemployment and Inflation Part 11: Long-Run Economic Growth Chapter 24 Long-Run Economic Growth Chapter 25 Savings, Investment Spending, and the Financial System Part 12: Short-Run Economic Fluctuations Chapter 26 Income and Expenditure Appendix Deriving the Multiplier Algebraically Chapter 27 Aggregate Demand and Aggregate Supply Part 13 Stabilization Policy Chapter 28 Fiscal Policy Appendix Taxes and the Multiplier Chapter 29 Money, Banking, and the Federal Reserve System Chapter 30 Monetary Policy Appendix Reconciling the Two Models of the Interest Rate Chapter 31 Inflation, Disinflation, and Deflation Part 14 Events and Ideas Chapter 32 Macroeconomics: Events and Ideas Part 15 The Open Economy Chapter 33 International Macroeconomics
Part 1: What Is Economics? Introduction An Engine for Growth and Discovery Chapter 1 First Principles Chapter 2 Economic Models: Trade-offs and Trade Appendix: Graphs in Economics Part 2: Supply and Demand Chapter 3 Supply and Demand Chapter 4 Consumer and Producer Surplus Chapter 5 Price Controls and Quotas: Meddling with Markets Chapter 6 Elasticity Part 3: Individuals and Markets Chapter 7 Taxes Chapter 8 International Trade Part 4: Economics and Decision Making Chapter 9 Decision Making by Individuals and Firms Appendix: Toward a Fuller Understanding of Present Value Part 5: The Consumer Chapter 10 The Rational Consumer Appendix: Consumer Preferences and Consumer Choice Part 6: The Production Decision Chapter 11 Behind the Supply Curve: Inputs and Costs Chapter 12 Perfect Competition and the Supply Curve Part 7: Market Structure: Beyond Perfect Competition Chapter 13 Monopoly Chapter 14 Oligopoly Chapter 15 Monopolistic Competition and Product Differentiation Part 8: Microeconomics and Public Policy Chapter 16 Externalities Chapter 17 Public Goods and Common Resources Chapter 18 The Economics of the Welfare State Part 9: Factor Markets and Risk Chapter 19 Factor Markets and the Distribution of Income Appendix Indifference Curve Analysis of Labor Supply Chapter 20 Uncertainty, Risk, and Private Information Part 10: Introduction to Macroeconomics Chapter 21 Macroeconomics: The Big Picture Chapter 22 GDP and the CPI: Tracking the Macroeconomy Chapter 23 Unemployment and Inflation Part 11: Long-Run Economic Growth Chapter 24 Long-Run Economic Growth Chapter 25 Savings, Investment Spending, and the Financial System Part 12: Short-Run Economic Fluctuations Chapter 26 Income and Expenditure Appendix Deriving the Multiplier Algebraically Chapter 27 Aggregate Demand and Aggregate Supply Part 13 Stabilization Policy Chapter 28 Fiscal Policy Appendix Taxes and the Multiplier Chapter 29 Money, Banking, and the Federal Reserve System Chapter 30 Monetary Policy Appendix Reconciling the Two Models of the Interest Rate Chapter 31 Inflation, Disinflation, and Deflation Part 14 Events and Ideas Chapter 32 Macroeconomics: Events and Ideas Part 15 The Open Economy Chapter 33 International Macroeconomics
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