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ISBN:9781319386726
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ISBN:9781319386740
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ISBN:9781319387686
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ISBN:9781319245368
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ISBN:9781319459109
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ISBN:9781319473426
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The most accessible Krugman/Wells text -- brief, modular, and better than ever in Achieve.
When it comes to learning fundamental economic principles, there are no better guides than Nobel laureate and New York Times columnist Paul Krugman and co-author, Robin Wells. Instead of typical chapters, this version of their text covers the basics of the course through a series of brief “modules,” each focused on a single topic and designed to be read comfortably in one sitting. Whether you’re taking economics as part of your major, as a general education requirement, or as an elective, this text (and it’s online component, SaplingPlus) will help you master the material and integrate economic understanding into your own life.
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Learn MoreTable of Contents
Section 1 Basic Economic Concepts
Module 1 First Principles
Module 2 Models and the Production Possibility Frontier
Module 3 Comparative Advantage and Trade
Module 4 The Circular Flow Diagram
Appendix: Graphs in Economics
Section 2 Demand, Supply, and Equilibrium
Module 5 Demand
Module 6 Supply and Equilibrium
Module 7 Changes in Equilibrium
Section 3 Market Efficiency and Price Controls
Module 8 Consumer and Producer Surplus
Module 9 Efficiency and Markets
Module 10 Price Controls (Ceilings and Floors)
Section 4 International Trade
Module 11 Gains from Trade
Module 12 Supply, Demand, and International Trade
Section 5 Macroeconomic Measurement
Module 13 Introduction to Macroeconomics
Module 14 National Accounts and the Gross Domestic Product
Module 15 Interpreting Real Gross Domestic Product
Section 6 Unemployment and Inflation
Module 16 Defining Unemployment
Module 17 Categories of Unemployment
Module 18 The Costs of Inflation
Module 19 Measuring Inflation
Section 7 Long-Run Economic Growth
Module 20 Sources of Long-Run Economic Growth
Module 21 Productivity and Growth
Module 22 Long-Run Growth Policy
Section 8 Savings, Investment Spending, and the Financial System
Module 23 Savings and Investment Spending
Module 24 The Market for Loanable Funds
Module 25 The Financial System
Module 26 Present Value and Time Value of Money
Section 9 Income and Expenditure
Module 27 The Multiplier
Module 28 Consumer Spending and Investment Spending
Module 29 The Income-Expenditure Model
Section 10 Aggregate Demand Aggregate Supply
Module 30 Aggregate Demand
Module 31 Aggregate Supply
Module 32 The AD-AS Model
Section 11 Fiscal Policy
Module 33 Fiscal Policy Basics
Module 34 Fiscal Policy and the Multiplier
Module 35 Budget Deficits and the Public Debt
Section 12 Money, Banking, and the Federal Reserve System
Module 36 Defining the Measuring Money
Module 37 Banking and Money Creation
Module 38 The Federal Reserve System
Section 13 Monetary Policy
Module 39 The Federal Reserve and Monetary Policy
Module 40 The Money Market
Module 41 Monetary Policy and the Interest Rate
Module 42 Money, Output, and Prices in the Long Run
Section 14 Inflation, Disinflation, and Deflation
Module 43 Causes of High Inflation
Module 44 Output Gaps, Inflation, and the Phillips Curve
Module 46 Deflation
Section 15 International Macroeconomics
Module 46 Capital Flows and the Balance of Payments
Module 47 The Foreign Exchange Market
Module 48 Exchange Rate Policy
Module 49 Exchange Rates and Macroeconomic Policy