When it comes to explaining fundamental economic principles by drawing on current economic issues and events, no one is more effective than Nobel laureate and New York Times columnist Paul Krugman and co-author, Robin Wells. In this modular text, Krugman and Wells' signature storytelling style helps readers understand economic concepts in the real world. Instead of long, traditional chapters of traditional length, this version presents brief modules, each focused on one topic and easy to read in one sitting. The fifth edition digital update is available as an Achieve course that offers the…mehr
When it comes to explaining fundamental economic principles by drawing on current economic issues and events, no one is more effective than Nobel laureate and New York Times columnist Paul Krugman and co-author, Robin Wells. In this modular text, Krugman and Wells' signature storytelling style helps readers understand economic concepts in the real world. Instead of long, traditional chapters of traditional length, this version presents brief modules, each focused on one topic and easy to read in one sitting. The fifth edition digital update is available as an Achieve course that offers the best value and price. The digital update includes new interactive graphs in a Graphing Bank and updated monetary policy coverage.
Section 1 Basic Economic Concepts Module 1 First Principles Module 2 Models and the Production Possibility Frontier Module 3 Comparative Advantage and Trade Module 4 The Circular Flow Diagram Appendix: Graphs in Economics Section 2 Demand, Supply, and Equilibrium Module 5 Demand Module 6 Supply and Equilibrium Module 7 Changes in Equilibrium Section 3 Market Efficiency and Price Controls Module 8 Consumer and Producer Surplus Module 9 Efficiency and Markets Module 10 Price Controls (Ceilings and Floors) Section 4 International Trade Module 11 Gains from Trade Module 12 Supply, Demand, and International Trade Section 5 Macroeconomic Measurement Module 13 Introduction to Macroeconomics Module 14 National Accounts and the Gross Domestic Product Module 15 Interpreting Real Gross Domestic Product Section 6 Unemployment and Inflation Module 16 Defining Unemployment Module 17 Categories of Unemployment Module 18 The Costs of Inflation Module 19 Measuring Inflation Section 7 Long-Run Economic Growth Module 20 Sources of Long-Run Economic Growth Module 21 Productivity and Growth Module 22 Long-Run Growth Policy Section 8 Savings, Investment Spending, and the Financial System Module 23 Savings and Investment Spending Module 24 The Market for Loanable Funds Module 25 The Financial System Module 26 Present Value and Time Value of Money Section 9 Income and Expenditure Module 27 The Multiplier Module 28 Consumer Spending and Investment Spending Module 29 The Income-Expenditure Model Section 10 Aggregate Demand Aggregate Supply Module 30 Aggregate Demand Module 31 Aggregate Supply Module 32 The AD-AS Model Section 11 Fiscal Policy Module 33 Fiscal Policy Basics Module 34 Fiscal Policy and the Multiplier Module 35 Budget Deficits and the Public Debt Section 12 Money, Banking, and the Federal Reserve System Module 36 Defining the Measuring Money Module 37 Banking and Money Creation Module 38 The Federal Reserve System Section 13 Monetary Policy Module 39 The Federal Reserve and Monetary Policy Module 40 The Money Market Module 41 Monetary Policy and the Interest Rate Module 42 Money, Output, and Prices in the Long Run Section 14 Inflation, Disinflation, and Deflation Module 43 Causes of High Inflation Module 44 Output Gaps, Inflation, and the Phillips Curve Module 46 Deflation Section 15 International Macroeconomics Module 46 Capital Flows and the Balance of Payments Module 47 The Foreign Exchange Market Module 48 Exchange Rate Policy Module 49 Exchange Rates and Macroeconomic Policy
Section 1 Basic Economic Concepts Module 1 First Principles Module 2 Models and the Production Possibility Frontier Module 3 Comparative Advantage and Trade Module 4 The Circular Flow Diagram Appendix: Graphs in Economics Section 2 Demand, Supply, and Equilibrium Module 5 Demand Module 6 Supply and Equilibrium Module 7 Changes in Equilibrium Section 3 Market Efficiency and Price Controls Module 8 Consumer and Producer Surplus Module 9 Efficiency and Markets Module 10 Price Controls (Ceilings and Floors) Section 4 International Trade Module 11 Gains from Trade Module 12 Supply, Demand, and International Trade Section 5 Macroeconomic Measurement Module 13 Introduction to Macroeconomics Module 14 National Accounts and the Gross Domestic Product Module 15 Interpreting Real Gross Domestic Product Section 6 Unemployment and Inflation Module 16 Defining Unemployment Module 17 Categories of Unemployment Module 18 The Costs of Inflation Module 19 Measuring Inflation Section 7 Long-Run Economic Growth Module 20 Sources of Long-Run Economic Growth Module 21 Productivity and Growth Module 22 Long-Run Growth Policy Section 8 Savings, Investment Spending, and the Financial System Module 23 Savings and Investment Spending Module 24 The Market for Loanable Funds Module 25 The Financial System Module 26 Present Value and Time Value of Money Section 9 Income and Expenditure Module 27 The Multiplier Module 28 Consumer Spending and Investment Spending Module 29 The Income-Expenditure Model Section 10 Aggregate Demand Aggregate Supply Module 30 Aggregate Demand Module 31 Aggregate Supply Module 32 The AD-AS Model Section 11 Fiscal Policy Module 33 Fiscal Policy Basics Module 34 Fiscal Policy and the Multiplier Module 35 Budget Deficits and the Public Debt Section 12 Money, Banking, and the Federal Reserve System Module 36 Defining the Measuring Money Module 37 Banking and Money Creation Module 38 The Federal Reserve System Section 13 Monetary Policy Module 39 The Federal Reserve and Monetary Policy Module 40 The Money Market Module 41 Monetary Policy and the Interest Rate Module 42 Money, Output, and Prices in the Long Run Section 14 Inflation, Disinflation, and Deflation Module 43 Causes of High Inflation Module 44 Output Gaps, Inflation, and the Phillips Curve Module 46 Deflation Section 15 International Macroeconomics Module 46 Capital Flows and the Balance of Payments Module 47 The Foreign Exchange Market Module 48 Exchange Rate Policy Module 49 Exchange Rates and Macroeconomic Policy
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