Essentials of Economics
by Paul Krugman, Robin Wells
5th Edition
Publisher: Worth Publishers
Book Details
| Print ISBN | 9781319221317 |
| eText ISBN | 9781319259242 |
| Publisher | Worth Publishers |
| Publishing Year | 2020 |
| Edition | 5th Edition |
| Language | English |
| Pages | 684 |
Essentials of Economics, 5th Edition, is a college textbook designed to explain fundamental economic principles. Published by Worth Publishers, the text uses a storytelling approach to show how economic principles operate in real-world contexts.
Coverage addresses core microeconomic subjects, such as supply and demand, production decisions, market structures, and public policy interventions. In addition, the volume explores major macroeconomic themes, including national economic tracking, aggregate fluctuations, and stabilization through fiscal and monetary policy.
Tailored for students in one-semester survey courses, the text supports introductory economics instruction with accessible analysis. It also offers integrated digital learning tools through the SaplingPlus online system to assist student study.
Table of Contents
Chapter 1: First Principles
Chapter 2: Economic Models: Trade-offs and Trade
Chapter Appendix: Graphs in Economics
Chapter 3: Supply and Demand
Chapter 4: Price Controls and Quotas: Meddling with Markets
Chapter 5: Elasticity and Taxation
Chapter 6: Behind the Supply Curve: Inputs and Costs
Chapter 7: Perfect Competition and the Supply Curve
Chapter 8: Monopoly
Chapter 9: Oligopoly and Monopolistic Competition
Chapter 10: Externalities and Public Goods
Chapter 11: Poverty, Inequality, and the Welfare State
Chapter 12: Macroeconomics: The Big Picture
Chapter 13: GDP and the CPI: Tracking the Macroeconomy
Chapter 14: Unemployment and Inflation
Chapter 15: Long-Run Economic Growth
Chapter 16: Aggregate Demand and Aggregate Supply
Chapter 17: Fiscal Policy
Chapter 18: Money, Banking, and the Federal Reserve System
Chapter 19: Monetary Policy
Chapter 20: International Trade, Capital Flows, and Exchange Rates
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