Microeconomics – Krugman & Wells – 2nd edition


When looking to bridge the gap between global economic events and their own daily lives, Americans have increasingly turned to Paul Krugman. His lucid grasp of economics in action and his uncanny way of translating complex issues into everyday terms have made him a bestselling author and the most widely read economist writing for the general public today.

That ability to communicate economic concepts clearly and engagingly is at the heart of Macroeconomics, coauthored by Krugman and Robin Wells. The new Second Edition of this bestselling introductory level text (available January 2009) offers more of Krugman’s signature voice, more coverage of policy, and an extraordinary amount of new examples and explanations, as well as a number of content and organizational changes that are meeting the approval of instructors nationwide.

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  • Intro The Ordinary Business of Life
    1 First Principles
    2 Economic Models: Trade-offs and Trade
    2 Appendix Graphs in Economics

    PART 2 Supply and Demand
    3 Supply and Demand
    4 Price Controls and Quotas: Meddling with Markets
    5 International Trade
    5 Appendix Consumer and Producer Surplus

    PART 3 Introduction to Macroeconomics
    6 Macroeconomics: The Big Picture
    7 GDP and CPI: Tracking the Macroeconomy
    8 Unemployment and Inflation

    PART 4 Long-Run Economic Growth

    9 Long-Run Economic Growth
    10 Savings, Investment Spending, and the Financial System
    Appendix Toward A Fuller Understanding of Present Value

    PART 5 Short-Run Economic Fluctuations

    11 Income and Expenditure
    Appendix Deriving the Multiplier Algebraically
    12 Aggregate Demand and Aggregate Supply

    PART 6 Stabilization Policy

    13 Fiscal Policy
    Appendix Taxes and the Multiplier
    14 Money, Banking, and the Federal Reserve System
    15 Monetary Policy
    Appendix Reconciling the Two Models of the Interest Rate
    16 Inflation, Disinflation, and Deflation
    17 Crises and Consequences

    PART 7 Events and Ideas

    18 Events and Ideas

    PART 8 The Open Economy

    19 Open-Economy Macroeconomics

    Macroeconomic Data Tables
  • Citation

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