Seventh EditionPaul Krugman; Robin Wells©2024
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Krugman/Wells helps you achieve economic understanding
Krugman and Wells explain the principles of economics in a way that is both accessible and engaging. Drawing on current economic events, there is no one more effective than Nobel laureate and New York Times columnist Paul Krugman and co-author Robin Wells at helping readers understand the context of economics in their own lives. In this best-selling introductory textbook, Krugman and Wells’ signature storytelling style and uncanny eye for revealing examples will help you understand how economic concepts play out in your world.
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 2: Graphs in Economics
Part 2: Supply and Demand
Chapter 3 Supply and Demand
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 10: Toward a Fuller Understanding of Present Value
Part 5: Short-Run Economic Fluctuations
Chapter 11 Income and Expenditure
Appendix 11: Deriving the Multiplier Algebraically
Chapter 12 Aggregate Demand and Aggregate Supply
Part 6: Stabilization Policy
Chapter 13 Fiscal Policy
Appendix 13: Taxes and the Multiplier
Chapter 14 Money, Banking, and the Federal Reserve System
Chapter 15 Monetary Policy
Appendix 15: 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