Paul Krugman and Robin Wells’ signature storytelling style 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.
This new edition is revised and enhanced throughout, including a much stronger array of superior online tools that are part of a complete, integrated online learning system.
PART 1. WHAT IS ECONOMICS? Introduction: The Ordinary Business of Life 1. First Principles 2. Economic Models: Trade-offs and Trade Chapter 2 Appendix. Graphs in Economics
PART 2. SUPPLY AND DEMAND 3. Supply and Demand 4. The Market Strikes Back 5. Consumer and Producer Surplus
PART 3. INTRODUCTION TO MACROECONOMICS 6. Macroeconomics: The Big Picture 7. Tracking the Macroeconomy
PART 4. THE ECONOMY IN THE LONG RUN 8. Long-run Economic Growth 9. Savings, Investment Spending, and the Financial System
PART 5. SHORT-RUN ECONOMIC FLUCTUATIONS 10. Aggregate Supply and Aggregate Demand 11. Income and Expenditure Chapter 11 Appendix: More on the Income-Expenditure Model 12. Fiscal Policy Chapter 12 Appendix: Taxes and the Multiplier 13. Money, Banking, and the Federal Reserve System 14. Monetary Policy
PART 6. THE SUPPLY-SIDE AND THE MEDIUM RUN 15. Labor Markets, Unemployment, and Inflation 16. Inflation, Deflation, and Stagflation
PART 7. EVENTS AND IDEAS 17. The Making of Modern Macroeconomics
PART 8. THE OPEN ECONOMY 18. International Trade 19. Open-economy Macroeconomics