Economics » (2nd Edition)

The same unique voice that made Paul Krugman a widely read economist is evident on every page of Economics. The product of the partnership of coauthors Krugman and Robin Wells, the book returns in a new edition.

The new edition is informed and informative, solidly grounded in economic fundamentals yet focused on the realities of today's world and the lives of students. It maintains the signature Krugman/Wells story-driven approach while incorporating organizational changes, new content and features, and new media and supplements.

Watch a video interview of Paul Krugman here.

Preface
PART 1 WHAT IS ECONOMICS?
Introduction The Ordinary Business of Life
1 First Principles
2. Economic Models: Trade-offs and Trade Appendix Graphs in Economics

PART 2 SUPPLY AND DEMAND
3. Supply and Demand
4. The Market Strikes Back
5. Elasticity

PART 3 INDIVIDUALS AND MARKETS
6. Consumer and Producer Surplus
7. Making Decisions

PART 4 THE PRODUCER
8. Behind the Supply Curve: Inputs and Costs
9. Perfect Competition and the Supply Curve

PART 5 THE CONSUMER
10. The Rational Consumer
11. Consumer Preferences and Consumer Choice

PART 6 MARKETS AND EFFICIENCY
12. Factor Markets and the Distribution of Income Appendix: Indifference Curve Analysis of Labor Supply
13. Efficiency and Equity

PART 7 MARKET STRUCTURE: BEYOND PERFECT COMPETITION
14. Monopoly
15. Oligopoly
16. Monopolistic Competition and Product Differentiation

PART 8 EXTENDING MARKET BOUNDARIES
17. International Trade
18. Uncertainty, Risk, and Private Information

PART 9 MICROECONOMICS AND PUBLIC POLICY
19. Externalities
20. Public Goods and Common Resources
21. Taxes, Social Insurance, and Income Distribution

PART 10 NEW DIRECTIONS FOR MARKETS
22. Technology, Information Goods, and Network Externalities

PART 11 INTRODUCTION TO MACROECONOMICS
23. Macroeconomics: The Big Picture
24. Tracking the Macroeconomy

PART 12 THE ECONOMY IN THE LONG RUN
25. Long-Run Economic Growth
26. Savings, Investment Spending, and the Financial System

PART 13 SHORT-RUN ECONOMIC FLUCTUATIONS
27. Aggregate Supply and Aggregate Demand
28. Income and Expenditure Appendix Deriving the Multiplier Algebraically
29 Fiscal Policy Appendix Taxes and the Multiplier
30. Money, Banking, and the Federal Reserve System
31. Monetary Policy

PART 14 THE SUPPLY SIDE AND THE MEDIUM RUN
32. Labor Markets, Unemployment, and Inflation
33. Inflation, Disinflation, and Deflation

PART 15 EVENTS AND IDEAS
34. The Making of Modern Macroeconomics

PART 16 THE OPEN ECONOMY
35. Open-Economy Macroeconomics Supplemental : Currencies and Crises Available on the Web, at www.worthpublishers.com/krugmanwells, and in booklet form.