With its signature storytelling style and coverage of current issues and events, Nobel laureate and New York Times columnist Paul Krugman and co-author, Robin Wells's best-seller is the most effective textbook available for explaining how economic concepts play out in our world. This new edition offers incisive new insight into market power and externalities in microeconomics, updated analysis of long-run growth, and extensive coverage of the economic impacts and policy responses to the coronavirus pandemic in macroeconomics
With its signature storytelling style and coverage of current issues and events, Nobel laureate and New York Times columnist Paul Krugman and co-author, Robin Wells's best-seller is the most effective textbook available for explaining how economic concepts play out in our world. This new edition offers incisive new insight into market power and externalities in microeconomics, updated analysis of long-run growth, and extensive coverage of the economic impacts and policy responses to the coronavirus pandemic in macroeconomics
Part 1: What Is Economics? Introduction: An Enginer 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: How to Make Decisions Involving Time: Understanding 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 Suply Curve Chapter 13 Monopoly Part 7: Market Structure: Beyond Perfect Competition 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 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 Solutions to Check your Understanding Questions Glossary Index
Part 1: What Is Economics? Introduction: An Enginer 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: How to Make Decisions Involving Time: Understanding 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 Suply Curve Chapter 13 Monopoly Part 7: Market Structure: Beyond Perfect Competition 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 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 Solutions to Check your Understanding Questions Glossary Index
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