Macroeconomics in Modules / Edition 2


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.

Read More Show Less

Product Details

  • ISBN-13: 9781464100369
  • Publisher: Worth Publishers
  • Publication date: 5/6/2011
  • Sold by: Macmillan Higher Education
  • Format: eTextbook
  • Edition description: Second Edition
  • Edition number: 2
  • Pages: 560
  • File size: 109 MB
  • Note: This product may take a few minutes to download.

Meet the Author

Paul Krugman

Paul Krugman, recipient of the 2007 Nobel Memorial Prize in Economics, is Professor of Economics at Princeton University, where he regularly teaches the principles courses. 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 the staff of the Council of Economic Advisers 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 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. She received her BA from the University of Chicago and her PhD from the University of California, Berkeley; she then did postdoctoral work at MIT.  She has taught at the University of Michigan, the University of Southampton (United Kingdom), Stanford, and MIT. The subject of her teaching and research is the theory of organizations and incentives.
Margaret Ray is Professor of Economics 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. Her research is primarily in the areas of economic education and equine industry economics. Ray received the National Council on Economic Education's Excellence in Teaching Economics award in 1991.
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. He has authored dozens of scholarly articles and ten books, including Favorite Ways to Learn Economics, Environmental Economics and Natural Resource Management, Contemporary Economics for Managers, Treading Lightly, and Economics by Example.  His research is primarily on economic education, environmental economics, law and economics, and labor economics.  Anderson teaches courses in each of these fields and loves teaching introductory economics.

Read More Show Less

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

Read More Show Less

Customer Reviews

Be the first to write a review
( 0 )
Rating Distribution

5 Star


4 Star


3 Star


2 Star


1 Star


Your Rating:

Your Name: Create a Pen Name or

Barnes & Review Rules

Our reader reviews allow you to share your comments on titles you liked, or didn't, with others. By submitting an online review, you are representing to Barnes & that all information contained in your review is original and accurate in all respects, and that the submission of such content by you and the posting of such content by Barnes & does not and will not violate the rights of any third party. Please follow the rules below to help ensure that your review can be posted.

Reviews by Our Customers Under the Age of 13

We highly value and respect everyone's opinion concerning the titles we offer. However, we cannot allow persons under the age of 13 to have accounts at or to post customer reviews. Please see our Terms of Use for more details.

What to exclude from your review:

Please do not write about reviews, commentary, or information posted on the product page. If you see any errors in the information on the product page, please send us an email.

Reviews should not contain any of the following:

  • - HTML tags, profanity, obscenities, vulgarities, or comments that defame anyone
  • - Time-sensitive information such as tour dates, signings, lectures, etc.
  • - Single-word reviews. Other people will read your review to discover why you liked or didn't like the title. Be descriptive.
  • - Comments focusing on the author or that may ruin the ending for others
  • - Phone numbers, addresses, URLs
  • - Pricing and availability information or alternative ordering information
  • - Advertisements or commercial solicitation


  • - By submitting a review, you grant to Barnes & and its sublicensees the royalty-free, perpetual, irrevocable right and license to use the review in accordance with the Barnes & Terms of Use.
  • - Barnes & reserves the right not to post any review -- particularly those that do not follow the terms and conditions of these Rules. Barnes & also reserves the right to remove any review at any time without notice.
  • - See Terms of Use for other conditions and disclaimers.
Search for Products You'd Like to Recommend

Recommend other products that relate to your review. Just search for them below and share!

Create a Pen Name

Your Pen Name is your unique identity on It will appear on the reviews you write and other website activities. Your Pen Name cannot be edited, changed or deleted once submitted.

Your Pen Name can be any combination of alphanumeric characters (plus - and _), and must be at least two characters long.

Continue Anonymously

    If you find inappropriate content, please report it to Barnes & Noble
    Why is this product inappropriate?
    Comments (optional)