Essentials of Economics
Sixth Edition| ©2023 Paul Krugman; Robin Wells
ISBN:9781319457624
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Compelling chapter-opening stories (often revisited throughout the chapter) engage students.
Economics in Action applications in virtually every major section, so students can immediately see economic concepts applied in real contexts.
Business Cases for each section, spanning a wide range of companies, both American and global, showing students how key economic principles apply to real-life business situations.
End-of-chapter Solved Problems guide students through solving specific problems tied to real-world events. Work it Out skill-building interactive activities in Achieve help students understand concepts and practice for exams by guiding them through representative problems step-by-step.
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NEW Interactive graphs in the Achieve e-textbook. To help students improve data literacy and understand economic models, Achieve now offers interactive graphs throughout the eBook. Students can manipulate each data graph to simulate market dynamics. Instructors can include interactive graphs in their lectures using our new Interactive Graphing Bank found in Achieve.
NEW coverage throughout. The sixth edition has been updated to reflect our always changing world. Starting in Chapter 1, there is a new principle on how increases in the economys potential lead to economic growth over time. There is an expanded section on market power and the digital economy, an incisive new look at externalities, more on long-run growth, and thorough coverage of the economic impacts and policy responses to the COVID-19 pandemic.
"The text does an excellent job meeting my course needs! I used another introductory microeconomics book at a different university and the Krugman text is MUCH better - the examples are clear and easy for students to relate to, and the topical events in the chapter
introductions provide context for the economics that follows.”
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- Julie Gonzalez, University of California - Santa Cruz“I am happy with the online homework system. The text has very nice lecture presentations for the chapters and a very strong test bank with lots of good questions. It is important to me that the test bank questions include tables and images as well as problems that require the students to complete calculations using formulas from the textbook chapters."
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Essentials of Economics
Sixth Edition| ©2023
Paul Krugman; Robin Wells
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Essentials of Economics
Sixth Edition| 2023
Paul Krugman; Robin Wells
Table of Contents
Part 1 What Is Economics?
1 First Principles
2 Economic Models: Trade-offs and Trade
Appendix: Graphs in Economics
Part 2 Supply and Demand
3 Supply and Demand
4 Price Controls and Quotas: Meddling with Markets
5 Elasticity and Taxation
Part 3 The Production Decision
6 Behind the Supply Curve: Inputs and Costs
7 Perfect Competition and the Supply Curve
Part 4 Beyond Perfect Competition
8 Monopoly
9 Oligopoly and Monopolistic Competition
Part 5 Microeconomics and Public Policy
10 Externalities and Public Goods
11 Poverty, Inequality, and the Welfare State
Part 6 Introduction to Macroeconomics
12 Macroeconomics: The Big Picture
13 GDP and the CPI: Tracking the Macroeconomy
14 Unemployment and Inflation
Part 7 Economic Growth and Fluctuations
15 Long-Run Economic Growth
16 Aggregate Demand and Aggregate Supply
Part 8 Stabilization Policy
17 Fiscal Policy
18 Money, Banking, and the Federal Reserve System
19 Monetary Policy
Part 9 The International Economy
20 International Trade, Capital Flows, and Exchange Rates
Solutions to Check Your Understanding Questions
Glossary
Index
Authors
Paul Krugman
Robin Wells
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Essentials of Economics
Sixth Edition| 2023
Paul Krugman; Robin Wells
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Essentials of Economics
Sixth Edition| 2023
Paul Krugman; Robin Wells
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