Essentials of Economics

Essentials of Economics

3.49 (59 ratings by Goodreads)
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The greatest explainers of economics tackle the one-semester course.

Paul Krugman and Robin Wells' signature story style helps one-semester Survey course students understand how economic concepts play out in our world.

This new edition of Essentials of Economics has been revised and enhanced throughout, and now offers holistic digital learning tools as part of Achieve, a complete, integrated online learning system. Achieve is the culmination of years of development work put toward creating the most powerful online learning tool for students. It houses all of our renowned assessments, multimedia assets, e-books, and instructor resources in a powerful new platform.
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Product details

  • Paperback | 704 pages
  • 155 x 235 x 25.4mm | 1,202.02g
  • Worth Publishers Inc.,U.S.
  • United States
  • English
  • Revised
  • 5th ed. 2020
  • 704 p.
  • 1319221319
  • 9781319221317
  • 1,506,403

Table of contents

Part 1 What Is Economics?.- 1 First Principles.- 2 Economic Models: Trade-offs and Trade.- Appendix: Graphs in Economics.- Part 2 Supply and Demand.- 3 Supply and Demand.- 4 Price Controls and Quotas: Meddling with Markets.- Part 3 The Production Decision.- 6 Behind the Supply Curve: Inputs and Costs.- 7 Perfect Competition and the Supply Curve.- Part 4 Beyond Perfect Competition.- 8 Monopoly.- 9 Oligopoly and Monopolistic Competition.- Part 5 Microeconomics and Public Policy.- 10 Externalities and Public Goods.- 11 Poverty, Inequality, and the Welfare State.- Part 6 Introduction to Macroeconomics.- 12 Macroeconomics: The Big Picture.- 13 GDP and the CPI: Tracking the Macroeconomy.- 14 Unemployment and Inflation.- Part 7 Economic Growth and Fluctuations.- 15 Long-Run Economic Growth.- 16 Aggregate Demand and Aggregate Supply.- Part 8 Stabilization Policy.- 17 Fiscal Policy.- 18 Money, Banking, and the Federal Reserve System.- 19 Monetary Policy.- Part 9 The International Economy.- 20 International Trade, Capital Flows, and Exchange Rates.- Solutions to Check Your Understanding Questions.- Glossary.- Index.
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About Paul Krugman

Paul Krugman, recipient of the 2008 Nobel Memorial Prize in Economic Sciences, taught at Princeton University for 14 years. In 2015, he joined the faculty of the Graduate Center of the City University of New York. He received his BA from Yale and his PhD from MIT. Before Princeton, he taught at Yale, Stanford, and MIT. He also spent a year on the staff of the Council of Economic Advisers in 1982-1983. His research has included trailblazing work on international trade, economic geography, and 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. He is a regular op-ed columnist for the New York Times.
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 Southampton (United Kingdom), Stanford, and MIT.
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Rating details

59 ratings
3.49 out of 5 stars
5 15% (9)
4 42% (25)
3 27% (16)
2 7% (4)
1 8% (5)
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