Essentials of economics / Paul Krugman, Robin Wells, Kathryn Graddy
Imprint
New York : Worth Pubishers, 2014
Edition
Third edition
Descript
xxxi, 613 : illustrations ; 28 cm
SUMMARY
Essentials of Economics brings the captivating storytelling approach, real-world applications, and innovative features of Paul Krugman and Robin Wells’ Economics to the one-term economics course. It is the ideal text for teaching basic economic principles in a single term, distilling the increasingly popular Krugman/Wells text down to what is truly essential. The new edition is the most accessible yet—thoroughly updated with current topics and examples, and with new cases that are especially appealing to business students.
CONTENT
Part 1. What is economics? -- First principles -- Economic models : trade-offs and trade -- Graphs in economics -- Part 2. Supply and demand -- Supply and demand -- The market strikes back -- Elasticity and taxation -- Part 3. The production decision -- Behind the supply curve : inputs and costs -- Perfect competition and the supply curve -- Part 4. Beyond perfect competition -- Monopoly, oligopoly, and monopolistic competition -- Externalities and public goods -- Part 5. Introduction to macroeconomics -- Macroeconomics : the big picture -- Tracking the macroeconomy -- Unemployment and inflation -- Part 6. Economic growth and fluctuations -- Long-run economic growth -- Aggregate demand and aggregate supply -- Part 7. Stabilization policy -- Fiscal policy -- Money, banking, and the Federal Reserve system -- Monetary policy -- Part 8. The international economy -- International trade, capital flows, and exchange rates -- Solutions to "check your understanding" questions -- Glossary