Paul Krugman and Robin Wells' signature story style helps one-semester students taking the Principles of Economics course, understand how economic concepts play out in our world. The fifth edition of Essentials of Economics, revised and enhanced throughout, now offers holistic digital learning tools as part of Achieve, a complete, integrated online learning system.
Paul Krugman and Robin Wells' signature story style helps one-semester students taking the Principles of Economics course, understand how economic concepts play out in our world. The fifth edition of Essentials of Economics, revised and enhanced throughout, now offers holistic digital learning tools as part of Achieve, a complete, integrated online learning system.
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 5 Elasticity and Taxation 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
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 5 Elasticity and Taxation 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
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