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A concise, accessible introduction to economics with 45 modules divided into 8 sections
A format that lets students explore economics at an effective pace—one essential topic at a time. Each module is easily readable in a single sitting.
Updated coverage based on the Second Edition of Krugman and Wells, Economics, with same engaging features and writing that have made the Krugman/Wells a classroom favorite.
Table of Contents
Module 1 The Study of Economics
Module 2 Introduction to Macroeconomics
Module 3 The Production Possibility Frontier Model
Module 4 Comparative Advantage and Trade
Section 1Appendix Graphs in Economics
Section 2 Supply and Demand
Module 5 Supply and Demand: Introduction and Demand
Module 6 Supply and Demand: Supply and Equilibrium
Module 7 Supply and Demand: Changes in Equilibrium
Module 8 Supply and Demand: Price Controls (Ceilings and Floors)
Module 9 Supply and Demand: Quantity Controls
Section 3 Measurement of Economic Performance
Module 10 The Circular Flow and Gross Domestic Product
Module 11 Interpreting Real Gross Domestic Product
Module 12 The Meaning and Calculation of Unemployment
Module 13 The Causes and Categories of Unemployment
Module 14 Inflation: An Overview
Module 15 The Measurement and Calculation of Inflation
Section 4 National Income and Price Determination
Module 16 Income and Expenditure
Module 17 Aggregate Demand: Introduction and Determinants
Module 18 Aggregate Supply: Introduction and Determinants
Module 19 Equilibrium in the Aggregate Demand—Aggregate Supply Model
Module 20 Economic Policy and the Aggregate Demand—Aggregate Supply Model
Module 21 Fiscal Policy and the Multiplier
Section 5 Financial Sector
Module 22 Saving, Investment, and the Financial System
Module 23 Definition and Measurement of Money
Module 24 The Time Value of Money
Module 25 Banking and Money Creation
Module 26 The Federal Reserve System—History and Structure
Module 27 The Federal Reserve System—Monetary Policy
Module 28 The Money Market
Module 29 The Market for Loanable Funds
Section 6 Inflation, Unemployment, and Stabilization Policies
Module 30 Long-run Implications of Fiscal Policy: Deficits and the Public Debt
Module 31 Monetary Policy and the Interest Rate
Module 32 Money, Output, and Prices in the Long Run
Module 33 Types of Inflation, Disinflation, and Deflation
Module 34 Inflation and Unemployment: The Phillips Curve
Module 35 History and Alternative Views of Macroeconomics
Module 36 The Modern Macroeconomic Consensus
Section 7 Economic Growth and Productivity
Module 37 Long-run Economic Growth
Module 38 Productivity and Growth
Module 39 Growth Policy: Why Economic Growth Rates Differ
Module 40 Economic Growth in Macroeconomic Models
Section 8 The Open Economy: International Trade and Finance
Module 41 Capital Flows and the Balance of Payments
Module 42 The Foreign Exchange Market
Module 43 Exchange Rate Policy
Module 44 Exchange Rates and Macroeconomic Policy
Module 45 Putting it All Together