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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.
Section-concluding Reviews and Problem Sets that help students tie together what they have learned from the modules in that section.
Table of Contents
Basic Economic Concepts
Module 1 The Study of Economics
Module 2 Introduction to Microeconomics
Module 3 The Production Possibilities Curve Model
Module 4 Comparative Advantage and Trade
Appendix Graphs in Economics
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
Module 9 Supply and Demand: Quantity Controls
Behind the Demand Curve: Consumer Choice
Module 10 Income Effects, Substitution Effects,
Module 11 Interpreting Price Elasticity of Demand
Module 12 Other Elasticities
Module 13 Consumer and Producer Surplus
Module 14 Efficiency and Deadweight Loss
Module 15 Utility Maximization
Behind the Supply Curve: Profit, Production, and Costs
Module 16 Defining Profit
Module 17 Profit Maximization
Module 18 The Production Function
Module 19 Firm Costs
Module 20 Long-Run Costs and Economies of Scale
Module 21 Introduction to Market Structure
Market Structures: Perfect Competition and Monopoly
Module 22 Introduction to Perfect Competition
Module 23 Graphing Perfect Competition
Module 24 Long-Run Outcomes in Perfect Competition
Module 25 Introduction to Monopoly
Module 26 Monopoly and Public Policy
Module 27 Price Discrimination
Market Structures: Imperfect Competition
Module 28 Introduction to Oligopoly
Module 29 Game Theory
Module 30 Oligopoly in Practice
Module 31 Introduction to Monopolistic Competition
Module 32 Product Differentiation and Advertising
Module 33 Introduction and Factor Demand
Module 34 The Markets for Land and Capital
Module 35 The Market for Labor
Module 36 The Cost-Minimizing Input Combination
Module 37 Theories of Income Distribution
Market Failure and the Role of Government
Module 38 Introduction to Externalities
Module 39 Externalities and Public Policy
Module 40 Public Goods
Module 41 Public Policy to Promote Competition
Module 42 Income Inequality and Income Distribution
Appendix Enrichment Modules
Module 43 The Economics of Information
Module 44 Indifference Curves and Consumer Choice
Module 45 International Trade