Macroeconomics

by Krugman, Paul; Wells, Robin

• ISBN13: 9781429283434
• ISBN10: 1429283432
• Edition: 3rd
• Format: Paperback
• Copyright: 2012-05-29
• Publisher: Worth Publishers

Summary

When it comes to explaining current economic conditions, there is no economist readers trust more than New York Times columnist and Nobel laureate Paul Krugman.  Term after term, Krugman is earning that same level of trust in the classroom, with more and more instructors introducing students to the fundamental principles of economics via Krugman’s signature storytelling style. The new Third Edition of Paul Krugman and Robin Wells’s Economics is their most accomplished yet—extensively updated to offer new examples and stories, new case studies from the business world, and expert coverage of the ongoing financial crisis.

 

Watch a video interview of Paul Krugman here.

Table of Contents

What Is Economics?

Intro: The Ordinary Business of Life

First Principles

Economic Models: Trade-offs and Trade

Appendix: Graphs in Economics

Supply And Demand

Supply and Demand

Price Controls and Quotas: Meddling with Markets

International Trade

Appendix: Consumer and Producer Surplus

Introduction To Macroeconomics

Macroeconomics: The Big Picture

Tracking the Macroeconomy

Unemployment and Inflation

Long-Run Economic Growth

Long-Run Economic Growth

Savings, Investment Spending, and the Financial System

Short-Run Economic Fluctuations

Income and Expenditure

Appendix: Deriving the Multiplier Algebraically

Aggregate Demand and Aggregate Supply

Stabilization Policy

Fiscal Policy

Appendix: Taxes and the Multiplier

Money, Banking, and the Federal Reserve System

Monetary Policy

Appendix: Reconciling Two Models of the Interest Rate

Inflation, Disinflation, and Deflation

Crises and Consequences

Events And Ideas

Events and Ideas

The Open Economy

Open-Economy Macroeconomics

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