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Krugman's Economics for AP® & Economics by Example
First Edition©2011 Margaret Ray; David A. Anderson
Watch a webinar on “Preparing Your Students for the AP* Exams” with AP* Krugman supplement author Dave Mayer. Please allow 30-45 minutes for the 1:20 minute video to load. Also view Dave’s PowerPoint slides.
Listen as co-author Margaret Ray discusses using Krugman’s Economics for AP* to teach AP Economics.
Krugman’s Economics for AP* combines the successful storytelling, vivid examples, and clear explanations of Paul Krugman and Robin Wells with the AP* expertise of Margaret Ray and David Anderson. In this exciting new AP text, Ray and Anderson successfully marry Krugman’s engaging approach and captivating writing with content based on The College Board’s AP Economics Course outline, all while focusing on the specific needs and interests of high school teachers and students.
Special Package with David Anderson's Economics by Example
As an added bonus, a special high school (hardcover) printing of co-author David Anderson’s Economics By Example is bundled with the textbook absolutely free. Throughout the text and instructors materials, teachers will find suggestions for how to integrate chapters from Economics by Example into their course.
Table of Contents
Module 1. The Study of Economics
Module 2 Introduction to Macroeconomics
Module 3. The Production Possibilities Curve Model
Module 4. Comparative Advantage and Trade
Appendix: Graphs in Economics
Module 5. Supply and Demand: Introduction and Demand
Module 6. Supply and Demand: Supply and Equilibrium
Module 7. Supply and Demand: Changes in Supply and Demand
Module 8. Supply and Demand: Price Controls (Ceilings and Floors)
Module 9. Supply and Demand: Quantity Controls
Module 10. The Circular Flow Model and Gross Domestic Product
Module 11. Interpreting Real Gross Domestic Product
Module 12. The Meaning and Calculation of Unemployment
Module 13. The Causes and Categories of Unemployment
Module 14. Inflation: An Overview
Module 15. The Measurement and Calculation of Inflation
Module 16. Income and Expenditures
Module 17. Aggregate Demand: Introduction and Determinants
Module 18. Aggregate Supply: Introduction and Determinants
Module 19. Equilibrium in the Aggregate Demand/Aggregate Supply Model
Module 20. Economic Policy and the Aggregate Demand/Aggregate Supply Model
Module 21. Fiscal Policy and the Multiplier
Module 22. Saving, Investment and the Financial System
Module 23. Definition and Measurement of Money
Module 24. The Time Value of Money
Module 25. Banking and Money Creation
Module 26. The Federal Reserve System: History and Structure
Module 27. The Federal Reserve System: Monetary Policy
Module 28. The Money Market
Module 29. The Market for Loanable Funds
Module 30. Long-run Implications of Fiscal Policy: Deficits and the Debt
Module 31. Monetary Policy and the Interest Rate
Module 32. Money, Output, and Prices in the Long Run
Module 33. Types of Inflation, Disinflation, and Deflation
Module 34. Inflation and Unemployment: The Phillips Curve
Module 35. History and Alternative Views of Macroeconomics
Module 36. The Modern Macroeconomic Consensus
Module 37. Long-run Economic Growth
Module 38. Productivity and Growth
Module 39. Growth Policy: Why Economic Growth Rates Differ
Module 40. Economic Growth in Macroeconomic Models
Module 41 Capital Flows and the Balance of Payments
Module 42 The Foreign Exchange Market
Module 43 Exchange Rate Policy
Module 44 Exchange Rates and Macroeconomic Policy
Module 45 Putting it All Together
Module 46. Income Effects, Substitution Effects, and Elasticity
Module 47. Interpreting Price Elasticity of Demand
Module 48. Other Elasticities
Module 49. Consumer and Producer Surplus
Module 50. Efficiency and Deadweight Loss
Module 51. Utility Maximization
Module 52. Defining Profit
Module 53. Maximizing Profit
Module 54. The Production Function
Module 55. From the Production Function to Cost Curves
Module 56. Short-run Versus Long-run Costs
Module 57. Introduction to Market Structures
Module 58. Introduction to Perfect Competition
Module 59. Graphing Perfect Competition
Module 60. Perfect Competition and Long-Run Outcomes
Module 61. Introduction to Monopoly
Module 62. Monopoly and Public Policy
Module 63. Price Discrimination
Module 64. Introduction to Oligopoly
Module 65. Game Theory
Module 66. Oligopoly in Practice
Module 67. Introduction to Monopolistic Competition
Module 68. Product Differentiation and Advertising
Module 69. Introduction and Factor Demand
Module 70. The Markets for Land and Capital
Module 71. The Market for Labor
Module 72. Cost Minimizing Input Combinations
Module 73. Theories of Income Distribution
Module 74. Introduction to Externalities
Module 75. Externalities and Public Policy
Module 76. Public Goods
Module 77. Public Policy to Promote Competition: Anti-trust and Regulation
Module 78. Income Distribution and Income Inequality
Appendix Putting it All Together
Margaret Ray
Margaret Ray is Professor of Economics and Director of the Center for Economic Education at the University of Mary Washington, where she specializes in teaching introductory economics. She received her BS in Economics from Oklahoma State University and her PhD in Economics from the University of Tennessee. In 2012 she received her MEd in Curriculum and Instruction and became certified to teach K-12 Social Studies. She has taught AP® Economics courses at several high schools in Virginia and has received the Council on Economic Education’s Excellence in Teaching Economics award. She has been involved in the AP® Economics program since 1992, serving as a reader and question leader, writing test items, overseeing the AP® course audit, writing College Board “Special Focus” articles, and editing the Council on Economic Education’s AP® Macroeconomics resource. She has been a College Board® Endorsed Consultant for economics since 2001, and she conducts several professional development workshops and institutes each year. Her favorite hobby is showing hunter-jumper horses adopted from racehorse rescue organizations. She lives on a farm in Spotsylvania, Virginia, with her two daughters.
David A. Anderson
David Anderson is the Paul G. Blazer Professor of Economics at Centre College. He received his BA in economics from the University of Michigan and his MA and PhD in economics from Duke University. Anderson has been involved in the AP® Economics programs for more than two decades. For five years he led the grading of one or both of the AP® Economics exams, and he speaks regularly at AP® conferences and workshops. He has authored dozens of scholarly articles and 15 books, including Explorations in Economics, Survey of Economics, Cracking the AP® Economics Exam, Economics by Example, Favorite Ways to Learn Economics, and Environmental Economics and Natural Resource Management . His research is primarily on economic education, environmental economics, law and economics, and labor economics. Anderson loves teaching introductory economics and has won awards for excellence and innovation in the classroom. His favorite hobby is running, and he competes in marathons and triathlons. He lives in Danville, Kentucky, with his wife and two children.
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