Loose-leaf Version for Microeconomics (Canadian Version)

by Krugman, Paul; Wells, Robin

• ISBN13: 9781464183539
• ISBN10: 1464183538
• Edition: 2nd
• Format: Loose-leaf
• Copyright: 2014-08-01
• Publisher: Worth Publishers

Summary

Iris Au and Jack Parkinson of the University of Toronto, Scarborough have "Canadianized" the Microeconomics section of Krugman/Wells, Economics, Third Edition, maintaining the structure and spirit of the U.S. version but adapting it to include Canadian examples and stories to appeal more directly to Canadian instructors and students.

Author Biography

Paul Krugman, recipient of the 2008 Nobel Memorial Prize in Economics, is Professor of Economics at Princeton University, where he regularly teaches the principles course.  He received his BA from Yale and his PhD from MIT.  Prior to his current position, he taught at Yale, Stanford, and MIT.  He also spent a year on staff of the Council of Economics Advisors in 1982-1983.  His research is mainly in the area of international trade, where he is one of the founders of the “new trade theory,” which focuses on increasing returns and imperfect competition.  He also works in international finance, with a concentration in currency crises.  In 1991, Krugman received the American Economic Association’s John Bates Clark medal.  In addition to his teaching and academic research, Krugman writes extensively for nontechnical audiences.  Krugman is a regular op-ed columnist for the New York Times.  His latest trade book, The Conscience of a Liberal, is a best-selling study of the political economy of economic inequality and its relationship with political polarization from the Gilded Age to the present.  His earlier books, Peddling Prosperity and The Age of Diminished Expectations, have become modern classics. 

 

Robin Wells was a lecturer and researcher in Economics at Princeton University, where she has taught undergraduate courses.  She received her BA from the University of Chicago and her PhD from the University of California, Berkeley; she then did her postdoctoral work at MIT.  She has taught at the University of Michigan, the University of Southhampton (United Kingdom), Stanford, and MIT.  Her teaching and research focus on the theory of organizations and incentives.

 

Iris Au is a Senior Lecturer in Economics at the University of Toronto Scarborough (UTSC). She received her BA, MA, and PhD from Simon Fraser University, British Columbia. She taught at Simon Fraser University and Kwantlen University College (now known as Kwantlen Polytechnic University) before joining UTSC. Currently, she teaches introductory and intermediate macroeconomics, international finance, economics of public policy, and topics on financial crises on a regular basis.

 

Jack Parkinson is a Senior Lecturer in Economics at the University of Toronto Scarborough (UTSC). He received his Hons. BA from Western University and his MA and PhD from the University of Toronto. He has worked as a corporate tax policy analyst for the Ontario Ministry of Finance while teaching during his lunchtime or evenings. Over the past twenty years he has taught on all three campuses of the University of Toronto. Currently, he teaches introductory microeconomics, intermediate and advanced macroeconomics, money and banking, economics of organization, and applied economic statistics.

Table of Contents

PART 1 What Is Economics?
Introduction The Ordinary Business of Life
Chapter 1 First Principles
Chapter 2 Economic Models: Trade-offs and Trade
Appendix 2A Graphs in Economics

PART 2 Supply and Demand
Chapter 3 Supply and Demand
Appendix 3A The Algebra of Demand, Supply, and Equilibrium
Chapter 4 Consumer and Producer Surplus
Chapter 5 Price Controls and Quotas: Meddling with Markets
Chapter 6 Elasticity
Appendix 6A The Algebra of 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

PART 5 The Consumer
Chapter 10 The Rational Consumer
Appendix 10A Consumer Preferences and Consumer Choice

PART 6 The Production Decision
Chapter 11 Behind the Supply Curve: Inputs and Costs
Appendix 11A Inverse Relationships between Productivity and Cost
Chapter 12 Perfect Competition and the Supply Curve

PART 7 Market Structure: Beyond Perfect Competition
Chapter 13 Monopoly
Chapter 14 Oligopoly
Chapter 15 Monopolistic Competition and Product Differentiation

PART 8 Microeconomics and Public Policy
Chapter 16 Externalities
Chapter 17 Public Goods and Common Resources
Chapter 18 The Economics of the Welfare State

PART 9 Factor Markets and Risk
Chapter 19 Factor Markets and the Distribution of Income
Appendix Indifference Curve Analysis of Labour Supply
Chapter 20 Uncertainty, Risk, and Private Information

Macroeconomic Data Tables
Solutions to “Check Your Understanding” Questions
Glossary
Index