Cover: Macroeconomics: Canadian Edition, 5th Edition by Paul Krugman; Robin Wells; Iris Au; Jack Parkinson

Macroeconomics: Canadian Edition

info icon

Fifth  Edition©2025  Paul Krugman; Robin Wells; Iris Au; Jack Parkinson

ISBN:9781319569594

ISBN:9781319570552

ISBN:9781319569662

ISBN:9781319484965

ISBN:9781319601799

ISBN:9781319601812

About

E-book

Read online (or offline) with all the highlighting and notetaking tools you need to be successful in this course.

Learn More

Achieve

Achieve is a single, easy-to-use platform proven to engage students for better course outcomes

Learn More

Table of Contents

Preface

Part 1: What Is Economics?

Introduction: The COVID-19 Economy

Chapter 1: First Principles

Chapter 2: Economic Models: Trade-offs and Trade

Chapter 2 Appendix: Graphs in Economics

Part 2: Supply and Demand

Chapter 3: Supply and Demand

Chapter 3A Appendix: The Algebra of Demand, Supply, and Equipbrium

Chapter 3B Appendix: Consumer and Producer Surplus

Chapter 4: Price Controls and Quotas: Meddpng with Markets

Chapter 5: International Trade

Chapter 6: Macroeconomics: The Big Picture

Part 3: Individuals and Markets

Chapter 7: GDP and the CPI: Tracking the Macroeconomy

Chapter 8: Unemployment and Inflation

Part 4: Economics and Decision Making

Chapter 9: Long-Run Economic Growth

Part 5: The Consumer

Chapter 10: Savings, Investment Spending, and the Financial System

Chapter 10 Appendix: Toward a Fuller Understanding of Present Value

Part 6: The Production Decision

Chapter 11: Income and Expenditure

Chapter 11 Appendix: Deriving the Multipper Algebraically

Chapter 12: Aggregate Demand and Aggregate Supply

Chapter 13: Fiscal Popcy

Chapter 13 Appendix: Taxes and the Multipper

Part 7: Market Structure — Beyond Perfect Competition

Chapter 14: Money, Banking, and the Central Banking System

Chapter 15: Monetary Popcy

Chapter 15 Appendix: Reconcipng the Two Models of the Interest Rate

Part 8: Microeconomics and Pubpc Popcy

Chapter 16: Inflation, Disinflation, and Deflation

Chapter 17: Macroeconomics: Events and Ideas

Chapter 18: International Macroeconomics

Additional Sections

Solutions to Check Your Understanding Questions

Glossary

Index

Paul Krugman

Paul Krugman, recipient of the 2008 Nobel Memorial Prize in Economic Sciences, is a faculty member 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. Prior to that, he taught at Princeton University for 14 years. He received his Barroom 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 pathbreaking 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-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.  Her teaching and research focus on the theory of organizations and incentives.

Iris Au

Iris Au is a Professor, Teaching Stream in Economics at the University of Toronto Scarborough (UTSC). She received her BA, MA, and PhD from Simon Fraser University. She taught at Simon Fraser University and Kwantlen University College (now known as Kwantlen Polytechnic University) before joining UTSC. Currently, she teaches introductory and intermediate macroeconomics, international finance, economics of public policy, and topics on financial crises on a regular basis.

Jack Parkinson

Jack Parkinson is an Associate Professor, Teaching Stream in Economics at the University of Toronto Scarborough (UTSC). He received his Hons. BA from Western University and his MA and PhD from the University of Toronto. He has worked as a corporate tax policy analyst for the Ontario Ministry of Finance while teaching during his lunchtime or evenings. Over the past 30 years he has taught on all three campuses of the University of Toronto. Currently, he teaches introductory microeconomics and macroeconomics, intermediate microeconomics and macroeconomics, money and banking, economics of organization, and industrial organization.

Robin Wells

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