Economics / Edition 1

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When it comes to explaining current economic conditions, there is no economist readers trust more than New York Times columnist and Nobel laureate Paul Krugman.  Term after term, Krugman is earning that same level of trust in the classroom, with more and more instructors introducing students to the fundamental principles of economics via Krugman’s signature storytelling style. The new Third Edition of Paul Krugman and Robin Wells’s Economics is their most accomplished yet—extensively updated to offer new examples and stories, new case studies from the business world, and expert coverage of the ongoing financial crisis.


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Product Details

  • ISBN-13: 9781572591509
  • Publisher: Worth Publishers
  • Publication date: 12/28/2005
  • Edition description: First Edition
  • Edition number: 1
  • Pages: 1200
  • Product dimensions: 8.71 (w) x 10.99 (h) x 1.46 (d)

Table of Contents

PART 1  What is Economics?
Intro: The Ordinary Business of Life
1.  First Principles
2.  Economic Models: Trade-offs and Trade
Appendix: Graphs in Economics
PART 2 Supply and Demand
3.  Supply and Demand
4. Consumer and Producer Surplus
5.  Price Controls and Quotas: Meddling with Markets
6.  Elasticity
PART 3 Individuals and Markets
7.  Taxes
8. International Trade
PART 4 Economics and Decision Making
9.  Making Decisions
PART 5 The Consumer
10.  The Rational Consumer
Appendix: Consumer Preferences and Consumer Choice 
PART 6 The Production Decision
11.  Behind the Supply Curve: Inputs and Costs
12.  Perfect Competition and the Supply Curve
PART 7 Market Structure: Beyond Perfect Competition
13.  Monopoly     
14.  Oligopoly
15.  Monopolistic Competition and Product Differentiation
PART 8 Microeconomics and Public Policy
16. Externalities
17.  Public Goods and Common Resources
18. The Economics of the Welfare State
PART 9 Factor Markets and Risk
19.  Factor Markets and the Distribution of Income
Appendix: Indifference Curve Analysis of Labor Supply
20. Uncertainty, Risk, and Private Information
PART 10 Introduction to Macroeconomics
21. Macroeconomics: The Big Picture
22. Tracking the Macroeconomy
23. Unemployment and Inflation
PART 11 Long-Run Economic Growth
24. Long-Run Economic Growth
25. Savings, Investment Spending, and the Financial System
PART 12 Short-Run Economic Fluctuations
26. Income and Expenditure
Appendix: Deriving the Multiplier Algebraically
27. Aggregate Demand and Aggregate Supply
PART 13 Stabilization Policy    
28. Fiscal Policy
Appendix: Taxes and the Multiplier
29. Money, Banking, and the Federal Reserve System
30. Monetary Policy
Appendix:  Reconciling Two Models of the Interest Rate
31. Inflation, Disinflation, and Deflation
New! 32. Crises and Consequences
Part 14   Events and Ideas
33. Events and Ideas
PART 15. The Open Economy
34. Open-Economy Macroeconomics 

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