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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...
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.
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.
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...
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.
