XWe have detected your location as outside the U.S/Canada, if you think this is wrong, you can choose your location.

Macmillan Higher Education Celebrating 20 years of Macmillan Study Skills

Cart

Continue Shopping
All prices are shown including VAT
The submitted promocode is invalid
Discount code already used. It can only be used once.
* Applied promocode: ×

Important information on your ebook order

Essentials of Economics (5th Edition)

Author(s):
Publisher:

Worth

Pages: 704
Downloads:

Flyer

Further Actions:

Recommend to library

AVAILABLE FORMATS

Paperback - 9781319221317

21 May 2020

€79.11

Not yet published

Ebook - 9781319352486

21 May 2020

€64.99

Not yet published


All prices are shown including VAT

The greatest explainers of economics tackle the one-semester course.

Nobel prize winning economist Paul Krugman and his co-author Robin Wells will help students to truly understand how Micro- and Macroeconomic concepts play...

Show More

The greatest explainers of economics tackle the one-semester course.Nobel prize winning economist Paul Krugman and his co-author Robin Wells will help students to truly understand how Micro- and Macroeconomic concepts play out in our world. Thoroughly updated throughout, the fifth edition offers updated graphs and changes in every chapter in the text, 9 new chapter-opening stories, 12 new Business cases, and 20 new Economics in Action applications.

Show Less

  • Compelling chapter-opening stories (often revisited throughout the chapter) to engage students
  • Economics in Action applications in virtually every major section, so students can immediately see economic concepts applied in real contexts
  • Global Comparison features that use data and graphs to illustrate why countries reach different economic outcomes
  • Pitfalls boxes teach students to identify and avoid common misconceptions about economic concepts
  • Business Cases for each section, spanning a wide range of companies, both American and global, showing students how key economic principles apply to real-life business situations
  • End-of-chapter Solved Problems guide students through solving specific problems tied to real-world events
  • Work it Out skill-building interactive activities in SaplingPlus help students understand concepts and practice for exams by guiding them through representative problems step-by-step









  • New Discovering Data activities help students interpret, analyze, share, and report on data. Students develop data literacy by completing these new Interactive Activities, step-by-step problems that have students use up-to-the-minute FRED data
  • Current events framed by the world's best communicators of economics. The authors offer a new online feature, News Analysis, that pairs journalistic takes on pressing issues with questions based on Bloom's taxonomy. This complements the text's unparalleled coverage of current topics: sustainability, the economic impact of technology, pressing policy debates, and much more
  • With unparalleled insight and clarity, the authors use their hallmark narrative approach to take students outside of the classroom and into our global world. Starting with a new opening story on the economic transformation in China's Pearl River Delta, the global focus is carried throughout with more on the ascendance of China's economy, the Euro and events in Europe (including Brexit), and post-recession economies around the globe


Part 1 What Is Economics?
1 First Principles
2 Economic Models: Trade-offs and Trade
Appendix: Graphs in Economics
Part 2 Supply and Demand
3 Supply and Demand
4 Price Controls and Quotas: Meddling with Markets
Part 3 The Production Decision
6 Behind the Supply Curve: Inputs and Costs
7 Perfect Competition and the Supply Curve
Part 4 Beyond Perfect Competition
8 Monopoly
9 Oligopoly and Monopolistic Competition
Part 5 Microeconomics and Public Policy
10 Externalities and Public Goods
11 Poverty, Inequality, and the Welfare State
Part 6 Introduction to Macroeconomics
12 Macroeconomics: The Big Picture
13 GDP and the CPI: Tracking the Macroeconomy
14 Unemployment and Inflation
Part 7 Economic Growth and Fluctuations
15 Long-Run Economic Growth
16 Aggregate Demand and Aggregate Supply
Part 8 Stabilization Policy
17 Fiscal Policy
18 Money, Banking, and the Federal Reserve System
19 Monetary Policy
Part 9 The International Economy
20 International Trade, Capital Flows, and Exchange Rates
Solutions to Check Your Understanding Questions
Glossary
Index.
Add a review

Paul Krugman, recipient of the 2008 Nobel Memorial Prize in Economic Sciences, taught at Princeton University for 14 years. In 2015, he joined the faculty of the Graduate Center of the City University of New York. He received his BA from Yale and his PhD from MIT. Before Princeton, 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 has included trailblazing work on international trade, economic geography, and 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. He is a...

Show More

Paul Krugman, recipient of the 2008 Nobel Memorial Prize in Economic Sciences, taught at Princeton University for 14 years. In 2015, he joined the faculty of the Graduate Center of the City University of New York. He received his BA from Yale and his PhD from MIT. Before Princeton, 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 has included trailblazing work on international trade, economic geography, and 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. He is a regular op-ed columnist for the New York Times. 

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 Southampton (United Kingdom), Stanford, and MIT.

Show Less

New Publications 

Best Sellers