With its signature storytelling style and coverage of current issues and events, Nobel laureate and New York Times columnist Paul Krugman and co-author, Robin Wells's best-seller is the most effective textbook available for explaining how economic concepts play out in our world. This new edition offers incisive new insight into market power and externalities in microeconomics, updated analysis of long-run growth, and extensive coverage of the economic impacts and policy responses to the coronavirus pandemic in macroeconomics
With its signature storytelling style and coverage of current issues and events, Nobel laureate and New York Times columnist Paul Krugman and co-author, Robin Wells's best-seller is the most effective textbook available for explaining how economic concepts play out in our world. This new edition offers incisive new insight into market power and externalities in microeconomics, updated analysis of long-run growth, and extensive coverage of the economic impacts and policy responses to the coronavirus pandemic in macroeconomics
Part 1 What is Economics? Introduction: An Engine for Growth and Discovery Chapter 1 First Principles Chapter 2 Economic Models: Trade-offs and Trade Appendix 2: Graphs in Economics
Part 2 Supply and Demand Chapter 3 Supply and Demand Chapter 4 Consumer and Producer Surplus Chapter 5 Price Controls and Quotas: Meddling with Markets Chapter 6 Elasticity
Part 3 Individuals and Markets Chapter 7 Taxes Chapter 8 International Trade
Part 4 Economics and Decision Making Chapter 9 Decision Making by Individuals and Firms Appendix 9: Toward a Fuller Understanding of Present Value
Part 5 Microeconomics and Public Policy Chapter 10 Externalities Chapter 11 Public Goods and Common Resources Chapter 12 The Economics of the Welfare State
Part 6 The Consumer Chapter 13 The Rational Consumer Appendix 13: Consumer Preferences and Consumer Choice
Part 7 The Production Decision Chapter 14 Behind the Supply Curve: Inputs and Costs Chapter 15 Perfect Competition and the Supply Curve
Part 8 Market Structure: Beyond Perfect Competition Chapter 16 Monopoly Chapter 17 Oligopoly Chapter 18 Monopolistic Competition and Product Differentiation
Part 9 Factor Markets and Risk Chapter 19 Factor Markets and the Distribution of Income Appendix 19: Indifference Curve Analysis of Labor Supply Chapter 20 Uncertainty, Risk, and Private Information
Part 1 What is Economics? Introduction: An Engine for Growth and Discovery Chapter 1 First Principles Chapter 2 Economic Models: Trade-offs and Trade Appendix 2: Graphs in Economics
Part 2 Supply and Demand Chapter 3 Supply and Demand Chapter 4 Consumer and Producer Surplus Chapter 5 Price Controls and Quotas: Meddling with Markets Chapter 6 Elasticity
Part 3 Individuals and Markets Chapter 7 Taxes Chapter 8 International Trade
Part 4 Economics and Decision Making Chapter 9 Decision Making by Individuals and Firms Appendix 9: Toward a Fuller Understanding of Present Value
Part 5 Microeconomics and Public Policy Chapter 10 Externalities Chapter 11 Public Goods and Common Resources Chapter 12 The Economics of the Welfare State
Part 6 The Consumer Chapter 13 The Rational Consumer Appendix 13: Consumer Preferences and Consumer Choice
Part 7 The Production Decision Chapter 14 Behind the Supply Curve: Inputs and Costs Chapter 15 Perfect Competition and the Supply Curve
Part 8 Market Structure: Beyond Perfect Competition Chapter 16 Monopoly Chapter 17 Oligopoly Chapter 18 Monopolistic Competition and Product Differentiation
Part 9 Factor Markets and Risk Chapter 19 Factor Markets and the Distribution of Income Appendix 19: Indifference Curve Analysis of Labor Supply Chapter 20 Uncertainty, Risk, and Private Information
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