When it comes to explaining fundamental economic principles by drawing on current economic issues and events, there is no one more effective than Nobel laureate and New York Times columnist Paul Krugman and co-author, Robin Wells.
In this best-selling introductory textbook, Krugman and Wells' signature storytelling style and uncanny eye for revealing examples will help you understand how economic concepts play out in our world. The new edition has been revised and enhanced throughout, including incisive new looks at long-run growth and at market power, and extensive coverage of the economic impacts and policy responses to the coronavirus pandemic.
Economics is supported by Achieve, which includes:

Animated pre-lecture tutorials and bridge questions will help students to understand core economic topics before going to class
Access to an eBook for easy reading and searching
LearningCurve adaptive quizzing offers practice questions to check understanding and provide feedback
Step-by-Step graphs and Work It Out activities allow students to work step-by-step through scenarios so that they can see economic principles in action

Students taking Principles of Economics, Introductory Economics or Foundation Economics courses

Autorentext

Paul Krugman; Robin Wells

Inhalt
Part 1: What Is Economics?.- Introduction An Engine for Growth and Discovery.- Chapter 1 First Principles.- Chapter 2 Economic Models: Trade-offs and Trade.- Appendix: Graphs in Economics.- Part 2: Supply and Demand.- Chapter 3 Supply and Demand.- Chapter 4 Consumer and Producer Surplus.- Chapter 5 Price Controls and Quotas: Meddling with Markets.- Chapter 6 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.- Appendix: Toward a Fuller Understanding of Present Value.- Part 5: The Consumer.- Chapter 10 The Rational Consumer.- Appendix: Consumer Preferences and Consumer Choice.- Part 6: The Production Decision.- Chapter 11 Behind the Supply Curve: Inputs and Costs.- 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 Labor Supply.- Chapter 20 Uncertainty, Risk, and Private Information.- Part 10: Introduction to Macroeconomics.- Chapter 21 Macroeconomics: The Big Picture.- Chapter 22 GDP and the CPI: Tracking the Macroeconomy.- Chapter 23 Unemployment and Inflation.- Part 11: Long-Run Economic Growth.- Chapter 24 Long-Run Economic Growth.- Chapter 25 Savings, Investment Spending, and the Financial System.- Part 12: Short-Run Economic Fluctuations.- Chapter 26 Income and Expenditure.- Appendix Deriving the Multiplier Algebraically.- Chapter 27 Aggregate Demand and Aggregate Supply.- Part 13 Stabilization Policy.- Chapter 28 Fiscal Policy.- Appendix Taxes and the Multiplier.- Chapter 29 Money, Banking, and the Federal Reserve System.- Chapter 30 Monetary Policy.- Appendix Reconciling the Two Models of the Interest Rate.- Chapter 31 Inflation, Disinflation, and Deflation.- Part 14 Events and Ideas.- Chapter 32 Macroeconomics: Events and Ideas.- Part 15 The Open Economy.- Chapter 33 International Macroeconomics.