Economics
by Paul Krugman, Robin Wells
7th Edition
Publisher: Worth Publishers
Book Details
| Print ISBN | 9781319415907 |
| eText ISBN | 9781319480684 |
| Publisher | Worth Publishers |
| Publishing Year | 2024 |
| Edition | 7th Edition |
| Language | English |
| Pages | 1000 |
Economics, 7th Edition is an introductory textbook designed to guide students and instructors through foundational microeconomic and macroeconomic principles. This work presents formal theoretical structures that assist readers in analyzing individual decision-making, competitive market operations, and aggregate economic performance.
The microeconomic coverage develops core concepts including supply and demand, consumer and producer surplus, elasticity, and market structure models. Additional topics integrate public policy effects, government taxes, and international trade. The macroeconomic chapters address long-run economic growth, aggregate demand and aggregate supply balances, fiscal policy, monetary policy, and price stability phenomena such as inflation, disinflation, and deflation.
Co-author Paul Krugman received the Nobel Memorial Prize in Economic Sciences in 2008, bringing research-grounded analysis to the text alongside Robin Wells. The resulting publication equips undergraduate students and course instructors with structured material tailored for standard two-semester introductory sequences.
Table of Contents
Chapter Introduction: An Engine for Growth and Discovery
Chapter 1: First Principles
Chapter 2: Economic Models: Trade-offs and Trade
Chapter Appendix 2: Graphs in Economics
Chapter 3: Supply and Demand
Chapter 4: Consumer and Producer Surplus
Chapter 5: Price Controls and Quotas: Meddling with Markets
Chapter 6: Elasticity
Chapter 7: Taxes
Chapter 8: International Trade
Chapter 9: Decision Making by Individuals and Firms
Chapter Appendix 9: Toward a Fuller Understanding of Present Value
Chapter 10: Externalities
Chapter 11: Public Goods and Common Resources
Chapter 12: The Economics of the Welfare State
Chapter 13: The Rational Consumer
Chapter Appendix 13: Consumer Preferences and Consumer Choice
Chapter 14: Behind the Supply Curve: Inputs and Costs
Chapter 15: Perfect Competition and the Supply Curve
Chapter 16: Monopoly
Chapter 17: Oligopoly
Chapter 18: Monopolistic Competition and Product Differentiation
Chapter 19: Factor Markets and the Distribution of Income
Chapter Appendix 19: Indifference Curve Analysis of Labor Supply
Chapter 20: Uncertainty, Risk, and Private Information
Chapter 21: Macroeconomics: The Big Picture
Chapter 22: GDP and the CPI: Tracking the Macroeconomy
Chapter 23: Unemployment and Inflation
Chapter 24: Long-Run Economic Growth
Chapter 25: Savings, Investment Spending, and the Financial System
Chapter 26: Income and Expenditure
Chapter Appendix 26: Deriving the Multiplier Algebraically
Chapter 27: Aggregate Demand and Aggregate Supply
Chapter 28: Fiscal Policy
Chapter Appendix 28: Taxes and the Multiplier
Chapter 29: Money, Banking, and the Federal Reserve System
Chapter 30: Monetary Policy
Chapter Appendix 30: Reconciling the Two Models of the Interest Rate
Chapter 31: Inflation, Disinflation, and Deflation
Chapter 32: Macroeconomics: Events and Ideas
Chapter 33: International Macroeconomics
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▶Research Sources (12)
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- Economics
- Brand new Economics 7E book with access
- 9781319415907: Economics (7th Edition) Standalone Book
- Economics (7th Edition) Standalone Book - Paul Krugman
- [Book] Economics 7th Edition : r/Scholar
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