Microeconomics in Modules / Edition 2


With the acclaimed writing and teaching approach of Paul Krugman and Robin Wells, Microeconomics 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 paceā€”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.

Section-concluding Reviews and Problem Sets that help students tie together what they have learned from the modules in that section.

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Product Details

  • ISBN-13: 9781464100383
  • Publisher: Worth Publishers
  • Publication date: 5/6/2011
  • Sold by: Macmillan Higher Education
  • Format: eTextbook
  • Edition description: Second Edition
  • Edition number: 2
  • Pages: 550
  • File size: 22 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.

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Table of Contents

Section 1
Basic Economic Concepts

Module 1 The Study of Economics
Module 2 **NAME TO COME**
Module 3 The Production Possibilities Curve Model
Module 4 Comparative Advantage and Trade
Appendix 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
Behind the Demand Curve: Consumer Choice

Module 10 Income Effects, Substitution Effects,
and Elasticity
Module 11 Interpreting Price Elasticity of Demand
Module 12 Other Elasticities
Module 13 Consumer and Producer Surplus
Module 14 Efficiency and Deadweight Loss
Module 15 Utility Maximization

Section 4
Behind the Supply Curve: Profit, Production, and Costs

Module 16 Defining Profit
Module 17 Profit Maximization
Module 18 The Production Function
Module 19 Firm Costs
Module 20 Long-Run Costs and Economies of Scale
Module 21 Introduction to Market Structure

Section 5
Market Structures: Perfect Competition and Monopoly

Module 22 Introduction to Perfect Competition
Module 23 Graphing Perfect Competition
Module 24 Long-Run Outcomes in Perfect Competition
Module 25 Introduction to Monopoly
Module 26 Monopoly and Public Policy
Module 27 Price Discrimination

Section 6
Market Structures: Imperfect Competition

Module 28 Introduction to Oligopoly
Module 29 Game Theory
Module 30 Oligopoly in Practice
Module 31 Introduction to Monopolistic Competition
Module 32 Product Differentiation and Advertising

Section 7
Factor Markets

Module 33 Introduction and Factor Demand
Module 34 The Markets for Land and Capital
Module 35 The Market for Labor
Module 36 The Cost-Minimizing Input Combination
Module 37 Theories of Income Distribution

Section 8
Market Failure and the Role of Government

Module 38 Introduction to Externalities
Module 39 Externalities and Public Policy
Module 40 Public Goods
Module 41 Public Policy to Promote Competition
Module 42 Income Inequality and Income Distribution

Appendix Enrichment Modules
Module 43 The Economics of Information
Module 44 Indifference Curves and Consumer Choice
Module 45 International Trade


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