Microeconomics to Macroeconomics from the author who has written about economics for more non-economists than anyone else in the world. Written for the one-semester survey of economics course, Paul Krugman and Robin Wells' Essentials of Economics reflects the authors' strong belief that economics students learn best from a resource that offers:
Compelling Real World Stories and Examples
Essentials of Economics is built around narratives and stories, many of them pulled from real life. In every chapter real-world examples are used to teach core concepts and motivate student learning.
Essentials of Economics is unrivaled in its worldwide perspective, which is deeply integrated into the narrative, and featured in many of the applications, cases, and stories, as well as in the data-based Global Comparison boxed features.
Developed simultaneously chapter by chapter and designed for seamless integration with the book, LaunchPad for Essentials of Economics gives students access to an extensive collection of proven learning tools, developed to correspond with specific text content: adaptive quizzing, tutorials, videos, activities, and a comprehensive review of math and graphing. The goals for these resources are the same as for the text itself: better engagement, better understanding, and better grades.
Paul Krugman, recipient of the 2008 Nobel Memorial Prize in Economic Sciences, taught at Princeton University for 14 years. In 2015, he joined the faculty of the Graduate Center of the City University of New York, associated with the Luxembourg Income Study, which tracks and analyzes income inequality around the world. Robin Wells was a lecturer and researcher in Economics at Princeton University, where she has taught undergraduate courses.
PART 1 What Is Economics?.- 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 Price Controls and Quotas: Meddling with Markets.- Chapter 5 Elasticity and Taxation.- PART 3 The Production Decision.- Chapter 6 Behind the Supply Curve: Inputs and Costs.- Chapter 7 Perfect Competition and the Supply Curve.- PART 4 Beyond Perfect Competition.- Chapter 8. Monopoly.- Chapter 9 Oligopoly and Monopolistic Competition.- PART 5 Microeconomics and Public Policy.- Chapter 10 Externalities and Public Goods.- Chapter 11 Poverty, Inequality, and the Welfare State.- PART 6 Introduction to Macroeconomics.- Chapter 12 Macroeconomics: The Big Picture.- Chapter 13 GDP and the CPI: Tracking the Macroeconomy.- Chapter 14 Unemployment and Inflation.- PART 6 Economic Growth and Fluctuations.- Chapter 15 Long-Run Economic Growth.- Chapter 16 Aggregate Demand and Aggregate Supply.- PART 7 Stabilization Policy.- Chapter 17 Fiscal Policy.- Chapter 18 Money, Banking, and the Federal Reserve System.- Chapter 19 Monetary Policy.- PART 8 The International Economy.- Chapter 20 International Trade, Capital Flows, and Exchange Rates.