Macroeconomics second edition [NOOK Book]


When looking to bridge the gap between global economic events and their own daily lives, Americans have increasingly turned to Paul Krugman. His lucid grasp of economics in action and his uncanny way of translating complex issues into everyday terms have made him a bestselling author and the most widely read economist writing for the general public today.

That ability to communicate economic concepts clearly and engagingly is at the heart of Macroeconomics, coauthored by ...

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Macroeconomics second edition

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When looking to bridge the gap between global economic events and their own daily lives, Americans have increasingly turned to Paul Krugman. His lucid grasp of economics in action and his uncanny way of translating complex issues into everyday terms have made him a bestselling author and the most widely read economist writing for the general public today.

That ability to communicate economic concepts clearly and engagingly is at the heart of Macroeconomics, coauthored by Krugman and Robin Wells. The new Second Edition of this bestselling introductory level text (available January 2009) offers more of Krugman’s signature voice, more coverage of policy, and an extraordinary amount of new examples and explanations, as well as a number of content and organizational changes that are meeting the approval of instructors nationwide.

Watch a video interview of Paul Krugman here.

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Product Details

  • ISBN-13: 9781429931793
  • Publisher: Worth Publishers
  • Publication date: 2/22/2010
  • Sold by: Macmillan
  • Format: eBook
  • Edition description: Second Edition
  • Edition number: 2
  • Pages: 600
  • Sales rank: 621,214
  • File size: 18 MB
  • Note: This product may take a few minutes to download.

Table of Contents

¥ = global example

CHAPTER 1 First Principles Common Ground Individual Choice: The Core of Economics For Inquiring Minds: Got a Penny? For Inquiring Minds: Pay for Grades? Economics in Action: A Woman’s Work Interaction: How Economies Work ¥ For Inquiring Minds: Choosing Sides Economics in Action: Restoring Equilibrium on the Freeways Economy-Wide Interactions Economics in Action: Adventures in Babysitting [NEW] CHAPTER 2 Economic Models: Trade-offs and Trade Tunnel Vision Models in Economics: Some Important Examples For Inquiring Minds: Models for Money Pitfalls: Misunderstanding Comparative Advantage ¥ GLOBAL COMPARISON: Pajama Republics [NEW] Transactions: The Circular-Flow Diagram ¥ Economics in Action: Rich Nation, Poor Nation Using Models For Inquiring Minds: When Economists Agree Economics in Action: Economists in Government CHAPTER 2 APPENDIX Graphs in Economics Getting the Picture Graphs, Variables, and Economic Models How Graphs Work A Key Concept: The Slope of a Curve Calculating the Area Below or Above a Curve Graphs That Depict Numerical Information CHAPTER 3 Supply and Demand ¥ Wake Up and Don’t Smell the Coffee [NEW] Supply and Demand: A Model of a Competitive Market The Demand Curve ¥ Global Comparison: Pay More, Pump Less [NEW] Pitfalls: Demand versus Quantity Demanded ¥ Economics in Action: Beating the Traffic The Supply Curve Economics in Action: Only Creatures Small and Pampered [NEW] Pitfalls: Bought and Sold? Economics in Action: The Price of Admission [NEW] Changes in Supply and Demand Pitfalls: Which Curve Is It, Anyway? ¥ For Inquiring Minds: Tribulations on the Runway [NEW] ¥ Economics in Action: The Great Tortilla Crisis [NEW] Competitive Markets—And Others CHAPTER 4 The Market Strikes Back Big City, Not-So-Bright Ideas Why Governments Control Prices Price Ceilings For Inquiring Minds: Winners, Losers, and Rent Control ¥ For Inquiring Minds: Rent Control, Mumbai Style [NEW] ¥ Economics in Action: Hard Shopping in Caracas [NEW] Price Floors Pitfalls: Ceilings, Floors, and Quantities ¥ Global Comparison: Check Out Our Low, Low Wages! [NEW] ¥ Economics in Action: "Black Labor" in Southern Europe Controlling Quantities Economics in Action: The Clams of New Jersey CHAPTER 5 International Trade ¥ A Seafood Fight [NEW] Comparative Advantage and International Trade ¥ Global Comparison: Productivity and Wages Around the World [NEW] ¥ For Inquiring Minds: Increasing Returns to Scale and International Trade ¥ Economics in Action: Skill and Comparative Advantage Supply, Demand, and International Trade ¥ Economics in Action: Trade, Wages, and Land Prices in the Nineteenth Century The Effects of Trade Protection ¥ Economics in Action: Trade Protection in the United States The Political Economy of Trade Protection ¥ For Inquiring Minds: Chinese Pants Explosion [NEW] ¥ Economics in Action: The Doha Deadlock [NEW] CHAPTER 5 APPENDIX Consumer and Producer Surplus Consumer Surplus and the Demand Curve Producer Surplus and the Supply Curve The Gains from Trade CHAPTER 6 Macroeconomics: The Big Picture Hoovervilles [NEW] The Nature of Macroeconomics Economics in Action: Why George W. Bush Wasn’t Herbert Hoover The Business Cycle ¥ For Inquiring Minds: Defining Recessions and Expansions ¥ Global Comparison: International Business Cycles [NEW] Economics in Action: Comparing Recessions [NEW] For Inquiring Minds: When Did Long-Run Growth Start? Economics in Action: A Tale of Two Colonies [NEW] Inflation and Deflation Economics in Action: A Fast (Food) Measure of Inflation International Imbalances ¥ Economics in Action: Estonia’s Miraculous Deficit [NEW] CHAPTER 7 Tracking the Macroeconomy ¥ After the Revolution The National Accounts For Inquiring Minds: Our Imputed Lives Pitfalls: GDP: What’s In and What’s Out ¥ For Inquiring Minds: Gross What?Economics in Action: Creating the National Accounts Real GDP: A Measure of Aggregate Output ¥ Global Comparison: GDP and the Meaning of Life [NEW] ¥ Economics in Action: Miracle in Venezuela? [NEW] Price Indexes and the Aggregate Price Level For Inquiring Minds Is the CPI Biased? Economics in Action: Indexing to the CPI CHAPTER 8 Unemployment and Inflation Defeated Incumbents [NEW] The Unemployment RateEconomics in Action: Rocky Mountain Low [NEW] The Natural Rate of Unemployment ¥ Global Comparison: Unemployment around the OECD [NEW] For Inquiring Minds: An Unemployment Lockdown? [NEW] ¥ Economics in Action: Structural Unemployment in East Germany [NEW] Inflation and Deflation ¥ Economics in Action: Israel’s Experience with Inflation [NEW] CHAPTER 9 Long-Run Economic Growth¥ Tall Tales [NEW]Comparing Economies Across Time and SpacePitfalls: Change in Levels Versus Rate of Change¥ Economics in Action: India Takes Off [NEW]The Sources of Long-Run GrowthFor Inquiring Minds: The Wal-Mart EffectPitfalls: It May Be Diminished ... But It’s Still PositiveEconomics in Action: The Information Technology ParadoxWhy Growth Rates Differ¥ Global Comparison: Old Europe and New Technology [NEW]For Inquiring Minds: Inventing R&DThe Role of Government in Promoting Economic Growth¥ Economics in Action: The Brazilian BreadbasketSuccess, Disappointment, and Failure¥ Economics in Action: Are Economies Converging?Is World Growth Sustainable?¥ For Inquiring Minds: Coal Comfort on Resources [NEW]Economics in Action:: The Cost of Climate Protection [NEW] CHAPTER 10 Savings, Investment Spending, and the Financial System¥ A Hole in the GroundMatching Up Savings and Investment SpendingPitfalls: Investment versus Investment SpendingPitfalls: The Different Kinds of Capital¥ Global Comparison: America’s Low Savings [NEW]Economics in Action: Fifty Years of US Interest RatesEconomics in Action: Inflation and Interest Rates Over the Years [NEW]The Financial System¥ Economics in Action: Banks and the South Korean MiracleFinancial FluctuationsFor Inquiring Minds: How Now, Dow Jones?Asset Price ExpectationsAsset Prices and MacroeconomicsEconomics in Action: The Great American Housing Bubble [NEW] CHAPTER 11 Income and ExpenditureFrom Bboom to Bust [NEW]The Multiplier: An Informal IntroductionEconomics in Action: The Multiplier and the Great Depression [NEW]Consumer SpendingEconomics in Action: Famous First Forecasting FailuresInvestment SpendingEconomics in Action: Interest Rates and the Housing Boom [NEW]The Income–Expenditure Model Economics in Action: Inventories and the End of a Recession [NEW] CHAPTER 11 Appendix: Deriving the Multiplier Algebraically CHAPTER 12 Aggregate Demand and Aggregate SupplyShocks to the SystemAggregate DemandPitfalls: Changes in Wealth: A Movement Along Versus a Shift of the Aggregate Demand CurveGovernment Policies and Aggregate DemandEconomics in Action: Moving Along the Aggregate Demand Curve, 1979–1980Aggregate SupplyFor Inquiring Minds: What’s Truly Flexible, What’s Truly StickyPitfalls: Are We There Yet? What the Long Run Really MeansEconomics in Action: Prices and Output During the Great DepressionThe AD–AS Model¥ Global Comparison: The Supply Shock of 2007-2008 [NEW]¥ For Inquiring Minds: Where’s the Deflation? [NEW]Economics in Action: Supply Shocks versus Demand Shocks in PracticeMacroeconomic Policy¥ For Inquiring Minds: Keynes and the Long RunEconomics in Action: Is stabilization Policy Stabilizing? [NEW] CHAPTER 13 Fiscal Policy¥ Jumpstarting the Economy? [NEW]Fiscal Policy: The BasicsFor Inquiring Minds: Investment Tax Credits¥ Economics in Action: Expansionary Fiscal Policy in JapanFiscal Policy and the MultiplierEconomics in Action: About that Stimulus Package … [NEW]The Budget Balance¥ Economics in Action: Stability Pact—or Stupidity Pact?Long-Run Implications of Fiscal Policy¥ Global Comparison: The American Way of Debt [NEW]Pitfalls: Deficits versus Debt¥ For Inquiring Minds: What Happened to the Debt from World War II?¥ Economics in Action: Argentina’s Creditors Take a Haircut CHAPTER 13 Appendix: Taxes and the Multiplier CHAPTER 14 Money, Banking, and the Federal Reserve System¥ Funny Money [NEW]The Meaning of MoneyPitfalls: What’s Not in the Money Supply [NEW]For Inquiring Minds: What’s with all the Currency?Economics in Action: The History of the DollarThe Monetary Role of Banks¥ Economics in Action: It’s a Wonderful Banking SystemDetermining the Money SupplyEconomics in Action: Multiplying Money DownThe Federal Reserve SystemFor Inquiring Minds: Who Gets the Interest on the Fed’s Assets? [NEW]Economics in Action: The Fed’s Balance Sheet, Normal and Abnormal [NEW] CHAPTER 15 Monetary PolicyThe Fed is Asleep [NEW]The Demand for MoneyFor Inquiring Minds: Fear and Interest Rates [NEW]¥ Economics in Action: A Yen for CashMoney and Interest RatesPitfalls: The Target Versus the MarketFor Inquiring Minds: Long-Term Interest RatesEconomics in Action: The Fed Reverses Course [NEW]Monetary Policy and Aggregate DemandGlobal Comparison: Inflation Targets [NEW]Economics in Action: What the Fed Wants, the Fed Gets [NEW]Money, Output, and Prices in the Long Run¥ Economics in Action: International Evidence of Monetary Neutrality CHAPTER 15 Appendix: Reconciling Two Models of the Interest Rate

CHAPTER 16 Inflation, Disinflation, and Deflation¥ Bringing a Suitcase to the Bank [NEW]Money and InflationFor Inquiring Minds: Indexing to Inflation¥ Economics in Action: Zimbabwe’s Inflation [NEW]Moderate Inflation and DisinflationFor Inquiring Minds: Okun’s Law [NEW]For Inquiring Minds: The Aggregate Supply Curve and the Short-Run Phillips CurveEconomics in Action: From the Scary Seventies to the Nifty NinetiesInflation and Unemployment in the Long RunEconomics in Action: The Great Disinflation of the 1980s¥ Global Comparison: Disinflation Around the WorldDeflationEconomics in Action: The "Threat of Corrosive Deflation" [NEW] CHAPTER 17 Events and IdeasPurge the Rottenness?Classical MacroeconomicsEconomics in Action: When Did the Business Cycle Begin?The Great Depression and the Keynesian Revolution¥ For Inquiring Minds: The Politics of KeynesEconomics in Action: The End of the Great DepressionChallenges to Keynesian EconomicsEconomics in Action: The Fed’s Flirtation with MonetarismRational Expectations, Real Business Cycles, and New Classical MacroeconomicsFor Inquiring Minds: Supply-Side EconomicsEconomics in Action: Total Factor Productivity and the Business CycleThe Modern ConsensusEconomics in Action: After the BubbleA Look Ahead Chapter 18 Open-economy Macroeconomics¥ Happy Tourists, Sad TouristsCapital Flows and the Balance of PaymentsFor Inquiring Minds: GDP, GNP, and the Current AccountEconomics in Action: The Golden Age of Capital FlowsThe Role of the Exchange RatePitfalls: Which Way Is Up?For Inquiring Minds: BurgernomicsEconomics in Action: Low Cost AmericaExchange Rate PolicyFor Inquiring Minds: From Bretton Woods to the EuroEconomics in Action: China Pegs the YuanExchange Rates and Macroeconomic Policy¥ Economics in Actions: The Joy of a Devalued Pound

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