Macroeconomics

by Paul Krugman, Robin Wells

Overview

This book helps readers understand how economic concepts play out in our world. The new edition, revised and enhanced throughout, now offers holistic digital learning tools as part of SaplingPlus, a complete, integrated online learning system.

Product Details

ISBN-13:	9781319245269
Publisher:	Worth Publishers
Publication date:	01/25/2021
Edition description:	Sixth Edition
Pages:	640
Product dimensions:	8.47(w) x 10.86(h) x 0.75(d)

About the Author

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.

Table of Contents

Part 1: What Is Economics?
Introduction An Engine for Growth and Discovery
Chapter 1 First Principles
Chapter 2 Economic Models: Trade-offs and Trade
Appendix: Graphs in Economics

Part 2: Supply and Demand
Chapter 3 Supply and Demand
Chapter 4 Price Controls and Quotas: Meddling with Markets
Chapter 5: International Trade

Part 3: Introduction to Macroeconomics
Chapter 6 Macroeconomics: The Big Picture
Chapter 7 GDP and the CPI: Tracking the Macroeconomy
Chapter 8 Unemployment and Inflation

Part 4: Long-Run Economic Growth
Chapter 9 Long-Run Economic Growth
Chapter 10 Savings, Investment Spending, and the Financial System

Part 5: Short-Run Economic Fluctuations
Chapter 11 Income and Expenditure
Appendix Deriving the Multiplier Algebraically
Chapter 12 Aggregate Demand and Aggregate Supply

Part 6 Stabilization Policy
Chapter 13 Fiscal Policy
Appendix Taxes and the Multiplier
Chapter 14 Money, Banking, and the Federal Reserve System
Chapter 15 Monetary Policy
Appendix Reconciling the Two Models of the Interest Rate
Chapter 16 Inflation, Disinflation, and Deflation

Part 7 Events and Ideas
Chapter 17 Macroeconomics: Events and Ideas

Part 8 The Open Economy
Chapter 18 International Macroeconomics