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Macroeconomics: Canadian Edition
Third EditionPaul Krugman; Robin Wells; Iris Au; Jack Parkinson©2018
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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 help readers understand how economic concepts play out in our world. Canadian co-authors Jack Parkinson and Iris Au have enhanced the text with current Canadian examples.
This new edition is revised and enhanced throughout, including a much stronger array of superior online tools that are part of a complete, integrated online learning system.
Table of Contents
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
Appendix: The Algebra of Supply, Demand, and Equilibrium
Appendix: Consumer and Producer Surplus
Chapter 4 Price Controls and Quotas: Meddling with Markets
Chapter 5 International Trade
Part 3: Introduction to Macroeconomics
Chapter 6 Macroeconomics: The Big Picture
Chapter 7 GDP and the CPI: Tracking the Macroeconomy
Chapter 8 Unemployment and Inflation
Part 4: Long-Run Economic Growth
Chapter 9 Long-Run Economic Growth
Chapter 10 Savings, Investment Spending, and the Financial System
Appendix Toward a Fuller Understanding of Present Value
Part 5 Short-Run Economic Fluctuations
Chapter 11 Income and Expenditure
Appendix Deriving the Multiplier Algebraically
Chapter 12 Aggregate Demand and Aggregate Supply
Part 6 Stabilization Policy
Chapter 13 Fiscal Policy
Appendix Taxes and the Multiplier
Chapter 14 Money, Banking, and the Federal Reserve System
Chapter 15 Monetary Policy
Appendix Reconciling the Two Models of the Interest Rate
Chapter 16 Inflation, Disinflation, and Deflation
Part 7 Events and Ideas
Chapter 17 Macroeconomics: Events and Ideas
Part 8 The Open Economy
Chapter 18 International Macroeconomics