Essentials of Economics
Fifth EditionPaul Krugman; Robin Wells©2020
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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
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