Essentials of Economics by Paul Krugman; Robin Wells - Fifth Edition, 2020 from Macmillan Student Store

Essentials of Economics

Fifth  Edition©2020 Paul Krugman; Robin Wells

About

The greatest explainers of economics tackle the one-semester course.

Nobel prize winning economist Paul Krugman and his co-author Robin Wells have explained economics to millions of people across the world through their signature storytelling style and rich examples. This text will help you truly understand how Micro- and Macroeconomic concepts play out in our world. This edition, revised and enhanced throughout, offers holistic digital learning tools as part of SaplingPlus, a complete, integrated online learning system.

Table of Contents

Part 1 What Is Economics?
1 First Principles
2 Economic Models: Trade-offs and Trade
Appendix: Graphs in Economics
Part 2 Supply and Demand
3 Supply and Demand
4 Price Controls and Quotas: Meddling with Markets
Part 3 The Production Decision
6 Behind the Supply Curve: Inputs and Costs
7 Perfect Competition and the Supply Curve 
Part 4 Beyond Perfect Competition
8 Monopoly
9 Oligopoly and Monopolistic Competition
Part 5 Microeconomics and Public Policy
10 Externalities and Public Goods
11 Poverty, Inequality, and the Welfare State
Part 6 Introduction to Macroeconomics
12 Macroeconomics: The Big Picture
13 GDP and the CPI: Tracking the Macroeconomy
14 Unemployment and Inflation
Part 7 Economic Growth and Fluctuations
15 Long-Run Economic Growth
16 Aggregate Demand and Aggregate Supply
Part 8 Stabilization Policy
17 Fiscal Policy
18 Money, Banking, and the Federal Reserve System 
19 Monetary Policy
Part 9 The International Economy
20 International Trade, Capital Flows, and Exchange Rates
Solutions to Check Your Understanding Questions
Glossary
Index 

Paul Krugman

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. He received his BA from Yale and his PhD from MIT. Before Princeton, he taught at Yale, Stanford, and MIT. He also spent a year on the staff of the Council of Economic Advisers in 1982–1983. His research has included trailblazing work on international trade, economic geography, and currency crises. In 1991, Krugman received the American Economic Association’s John Bates Clark medal. In addition to his teaching and academic research, Krugman writes extensively for nontechnical audiences. He is a regular op-ed columnist for the New York Times. His best-selling trade books include End This Depression Now!, The Return of Depression Economics and the Crisis of 2008, a history of recent economic troubles and their implications for economic policy, and The Conscience of a Liberal, a study of the political economy of economic inequality and its relationship with political polarization from the Gilded Age to the present. His earlier books, Peddling Prosperity and The Age of Diminished Expectations, have become modern classics.

Robin Wells

Robin Wells was a lecturer and researcher in Economics at Princeton University, where she has taught undergraduate courses. She received her BA from the University of Chicago and her PhD from the University of California, Berkeley; she then did her postdoctoral work at MIT. She has taught at the University of Michigan, the University of Southhampton (United Kingdom), Stanford, and MIT.