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Macroeconomics in Modules / Edition 2

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Overview

With the acclaimed writing and teaching approach of Paul Krugman and Robin Wells, Macroeconomics in Modules offers:

A concise, accessible introduction to economics with 45 modules divided into 8 sections

A format that lets students explore economics at an effective pace—one essential topic at a time. Each module is easily readable in a single sitting.

Updated coverage based on the Second Edition of Krugman and Wells, Economics, with same engaging features and writing that have made the Krugman/Wells a classroom favorite.

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Product Details

  • ISBN-13: 9781429290791
  • Publisher: Worth Publishers, Incorporated
  • Publication date: 8/28/2011
  • Edition description: New Edition
  • Edition number: 2
  • Pages: 559
  • Product dimensions: 8.50 (w) x 10.70 (h) x 1.30 (d)

Meet the Author

Paul Krugman

Paul Krugman, recipient of the 2008 Nobel Memorial Prize in Economics, is Professor of Economics at Princeton University, where he regularly teaches the principles course. He received his BA from Yale and his PhD from MIT. Prior to his current position, he taught at Yale, Stanford, and MIT. He also spent a year on staff of the Council of Economics Advisors in 1982-1983. His research is mainly in the area of international trade, where he is one of the founders of the "new trade theory," which focuses on increasing returns and imperfect competition. He also works in international finance, with a concentration in currency crises. In 1991, Krugman received the American Economic Association’s John Bates Clark medal. In addition to his teaching and academic research, Krugman writes extensively for nontechnical audiences. Krugman is a regular op-ed columnist for the New York Times. His latest trade book, The Conscience of a Liberal, is a best-selling study of the political economy of economic inequality and its relationship with political polarization from the Gilded Age to the present. His earlier books, Peddling Prosperity and The Age of Diminished Expectations, have become modern classics.

Robin Wells was a lecturer and researcher in Economics at Princeton University, where she has taught undergraduate courses. She received her BA from the University of Chicago and her PhD from the University of California, Berkeley; she then did her postdoctoral work at MIT. She has taught at the University of Michigan, the University of Southhampton (United Kingdom), Stanford, and MIT. Her teaching and research focus on the theory of organizations and incentives.

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Table of Contents

Section 1 Basic Economic Concepts
Module 1 The Study of Economics
Module 2 Introduction to Macroeconomics
Module 3 The Production Possibility Frontier Model
Module 4 Comparative Advantage and Trade
Section 1Appendix Graphs in Economics

Section 2 Supply and Demand
Module 5 Supply and Demand: Introduction and Demand
Module 6 Supply and Demand: Supply and Equilibrium
Module 7 Supply and Demand: Changes in Equilibrium
Module 8 Supply and Demand: Price Controls (Ceilings and Floors)
Module 9 Supply and Demand: Quantity Controls

Section 3 Measurement of Economic Performance
Module 10 The Circular Flow 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

Section 4 National Income and Price Determination
Module 16 Income and Expenditure
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

Section 5 Financial Sector
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

Section 6 Inflation, Unemployment, and Stabilization Policies
Module 30 Long-run Implications of Fiscal Policy: Deficits and the Public 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

Section 7 Economic Growth and Productivity
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

Section 8 The Open Economy: International Trade and Finance
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
 
Epilogue Crises and Consequences

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