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Check out preview content forEssentials of Economics here . Essentials of Economicsbrings the same captivating writing and innovative features of Krugman/Wells to the one-term economics course. Adapted by Kathryn Graddy, it is the ideal text for teaching basic economic principles, with enough real-world applications to help students see the applicability, but not so much detail as to overwhelm them. Watch a video interview of Paul Krugman here .
Table of Contents
Part 1. What is Economics? 1. First Principles 2. Economic Models: Trade-offs and Trade 2. Appendix: Graphs in Economics
Part 2. Supply and Demand 3. Supply and Demand 4. The Market Strikes Back 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, Oligopoly, and Monopolistic Competition 9. Externalities and Public Goods
Part 5. Introduction to Macroeconomics 10. Macroeconomics: The Big Picture 11. Tracking the Macroeconomy 12. Unemployment and Inflation
Part 6. Economic Growth and Fluctuations 13. Long-Run Economic Growth 14. Aggregate Demand and Aggregate Supply
Part 7. Stabilization Policy 15. Fiscal Policy 16. Money, Banking, and the Federal Reserve System 17. Monetary Policy
Part 8. The Open Economy 18. International Trade, Capital Flows, and Exchange Rates