NEW

Macroeconomics

Seventh Edition

Publication Date: March 15, 2024

Paperback ISBN: 9781319544720

Pages: 656

Krugman/Wells helps your students achieve economic understanding

Available with Achieve, Krugman and Wells’ widely adopted text helps students reach new levels of economic understanding.

The new edition is revised and enhanced, including new interactive graphs, interactive topic reviews, thorough coverage of the Covid recession, and updated analysis of

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Macroeconomics

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Part 1: What is Economics?
Introduction: An Engine for Growth and Discovery
Chapter 1 First Principles
Chapter 2 Economic Models: Trade-offs and Trade
Appendix 2: Graphs in Economics

Part 2: Supply and Demand
Chapter 3 Supply and Demand
Chapter 4 Price Controls and Quotas: Meddling with Markets
Chapter 5 International Trade

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

Part 4: Long-Run Economic Growth
Chapter 9 Long-Run Economic Growth
Chapter 10 Savings, Investment Spending, and the Financial System
Appendix 10: Toward a Fuller Understanding of Present Value

Part 5: Short-Run Economic Fluctuations
Chapter 11 Income and Expenditure
Appendix 11: Deriving the Multiplier Algebraically
Chapter 12 Aggregate Demand and Aggregate Supply

Part 6: Stabilization Policy
Chapter 13 Fiscal Policy
Appendix 13: Taxes and the Multiplier
Chapter 14 Money, Banking, and the Federal Reserve System
Chapter 15 Monetary Policy
Appendix 15: Reconciling the Two Models of the Interest Rate
Chapter 16 Inflation, Disinflation, and Deflation

Part 7: Events and Ideas
Chapter 17 Macroeconomics: Events and Ideas

Part 8: The Open Economy
Chapter 18 International Macroeconomics

Current events framed by the world’s best communicators of economics. No other text stays as fresh as Krugman and Wells, from powerful technology firms such as Amazon and Google to the global economic impacts of the Covid recession.
A richer commitment to broadening students’ understanding of the global economy. With unparalleled insight and clarity, the authors use their hallmark narrative approach to take students outside of the classroom and into our global world.
Thoroughly updated throughout. The sixth edition has been updated to reflect our always changing world. Along with updated graphs and changes in every chapter in the text, the new edition features new chapter-opening stories, new business cases and new Economics in Action Applications.

Achieve is Macmillan Learning’s complete online learning system. It houses instructor resources to support teaching and a range of interactive resources and the full eBook to help students succeed in their course. Access to Achieve for instructors is available on this page. Student access to Achieve could be through their institution if the institution has signed a license or as a separate student purchase. The instructor must set up a course for students to benefit from this product.

Interactive Graphs in the e–book and in a Graphing Bank allow students to engage with economic models to see how components of the graph change as market dynamics change. Every data graph in the text is now interactive, so students can explore live visualizations and improve their data literacy.
Interactive Topic Reviews, with embedded interactive graphs and assessment, cover essential principles topics in an easy-to-use, self-study format, to help students prepare for class time, quizzes, or exams.
Thoroughly revised aggregate demand and aggregate supply chapter now highlights the dynamic relationship between inflation and GDP. This change allows instructors to more easily teach students about the modern changes to monetary policy and how the Federal Reserve has responded to the latest inflationary pressures.
Revamped AD/AS model now focusing on the inflation rate and GDP, rather than the price level, giving students a more practical and applicable understanding of the current economic landscape.

“My students like references to modern economic events illustrating economic problems and models. I like the fact that this ebook has a narration option because many students like to listen, not only read the text.” — Alexander Katkov, Johnson & Wales University

“I like that the book breaks the topics into smaller chapters so that its easier to focus on concepts without students getting overwhelmed.” — Jadrian Wooten, Virginia Tech

“The approach to writing chapters in a way that breaks from the convention observed in other textbooks. The approach is more student/instructor friendly. The text is well-written and visually appealing. The sections are concise, and the graphs are well constructed. The business case section is excellent! Really helps round up the topics for students.” — Nakul Kumar, Northern Virginia Community College - Alexandria

“The best parts of Krugman are the various applications and interesting stories. Krugman/Wells are rigorous and balanced in their coverage of economic analysis and applications.” — Ling Shao, Miami University

“This is a very clearly-written, engaging, and thorough examination of micro, aimed at the student who doesnt know it. Right now, the students are very interested in issues surrounding race, fairness, and the environment. I think a textbook can cover those issues, and represent different races and ethnicities without pandering. And I do think this textbook does that. Overall, this edition, like previous editions, is just as exceptionally well-written, and the explanations are careful–the sort that a person new to economics needs to make sure they really understand the concepts.” — Michael Manville, University of California - Los Angeles

Paul Krugman

Paul Krugman, recipient of the 2008 Nobel Memorial Prize in Economic Sciences, is a faculty member of the Graduate Center of the City University of New York, associated with the Luxembourg Income Study, which tracks and analyzes income inequality around the world. Prior to that, he taught at Princeton University for 14 years. He received his Barroom Yale and his PhD from MIT. Before Princeton, he taught at Yale, Stanford, and MIT. He also spent a year on the staff of the Council of Economic Advisers in 1982–1983. His research has included pathbreaking work on international trade, economic geography, and currency crises. In 1991, Krugman received the American Economic Association’s John Bates Clark medal. In addition to his teaching and academic research, Krugman writes extensively for nontechnical audiences. He is a regular-ed columnist for the New York Times. His best-selling trade books include End This Depression Now!, The Return of Depression Economics and the Crisis of 2008, a history of recent economic troubles and their implications for economic policy, and The Conscience of a Liberal, a study of the political economy of economic inequality and its relationship with political polarization from the Gilded Age to the present. His earlier books, Peddling Prosperity and The Age of Diminished Expectations, have become modern classics.

Robin Wells

Robin Wells was a Lecturer and Researcher in Economics at Princeton University. She received her BA from the University of Chicago and her PhD from the University of California at Berkeley; she then did postdoctoral work at MIT. She has taught at the University of Michigan, the University of Southampton (United Kingdom), Stanford, and MIT.

Iris Au

Iris Au is a Professor, Teaching Stream in Economics at the University of Toronto Scarborough (UTSC). She received her BA, MA, and PhD from Simon Fraser University. She taught at Simon Fraser University and Kwantlen University College (now known as Kwantlen Polytechnic University) before joining UTSC. Currently, she teaches introductory and intermediate macroeconomics, international finance, economics of public policy, and topics on financial crises on a regular basis.

Jack Parkinson

Jack Parkinson is an Associate Professor, Teaching Stream in Economics at the University of Toronto Scarborough (UTSC). He received his Hons. BA from Western University and his MA and PhD from the University of Toronto. He has worked as a corporate tax policy analyst for the Ontario Ministry of Finance while teaching during his lunchtime or evenings. Over the past 30 years he has taught on all three campuses of the University of Toronto. Currently, he teaches introductory microeconomics and macroeconomics, intermediate microeconomics and macroeconomics, money and banking, economics of organization, and industrial organization.

Achieve for Macroeconomics is an online learning system backed by extensive development and research. Proven to increase student engagement and boost performance. Achieve offers:

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A grade book, assignable assessments with targeted feedback, insights and reporting, instructor resources - all with seamless integration options.
Integrated with iClicker so that instructors and students can benefit in class and remotely from an industry leading student response system.
New ‘In-class Activity Guides’ and additional FRED exercises including Federal Reserve data.
New ‘Step-by-Step’ graphs.
News analysis with Bloomberg videos and Econofact memos.

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A grade book, assignable assessments with targeted feedback, insights and reporting, instructor resources - all with seamless integration options.

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Clicker Slides

Clicker Slides - Chapter 1

Clicker Slides - Chapter 2

Clicker Slides - Chapter 3

Clicker Slides - Chapter 4

Clicker Slides - Chapter 5

Clicker Slides - Chapter 6

Clicker Slides - Chapter 7

Clicker Slides - Chapter 8

Clicker Slides - Chapter 9

Clicker Slides - Chapter 10

Clicker Slides - Chapter 11

Clicker Slides - Chapter 12

Clicker Slides - Chapter 13

Clicker Slides - Chapter 14

Clicker Slides - Chapter 15

Clicker Slides - Chapter 16

Clicker Slides - Chapter 17

Clicker Slides - Chapter 18

Image Slides

Image Slides - Chapter 1

Image Slides - Chapter 2

Image Slides - Chapter 3

Image Slides - Chapter 4

Image Slides - Chapter 5

Image Slides - Chapter 5A Appendix

Image Slides - Chapter 6

Image Slides - Chapter 7

Image Slides - Chapter 8

Image Slides - Chapter 9

Image Slides - Chapter 10

Image Slides - Chapter 11

Image Slides - Chapter 12

Image Slides - Chapter 13

Image Slides - Chapter 14

Image Slides - Chapter 15

Image Slides - Chapter 15A Appendix

Image Slides - Chapter 16

Image Slides - Chapter 17

Image Slides - Chapter 18

Instructor's Resource Manual

Instructor's Resource Manual - Chapter 1

Instructor's Resource Manual - Chapter 2

Instructor's Resource Manual - Chapter 3

Instructor's Resource Manual - Chapter 4

Instructor's Resource Manual - Chapter 5

Instructor's Resource Manual - Chapter 6

Instructor's Resource Manual - Chapter 7

Instructor's Resource Manual - Chapter 8

Instructor's Resource Manual - Chapter 9

Instructor's Resource Manual - Chapter 10

Instructor's Resource Manual - Chapter 11

Instructor's Resource Manual - Chapter 12

Instructor's Resource Manual - Chapter 13

Instructor's Resource Manual - Chapter 14

Instructor's Resource Manual - Chapter 15

Instructor's Resource Manual - Chapter 16

Instructor's Resource Manual - Chapter 17

Instructor's Resource Manual - Chapter 18

Lecture Slides

Lecture Slides - Chapter 1

Lecture Slides - Chapter 2

Lecture Slides - Chapter 3

Lecture Slides - Chapter 4

Lecture Slides - Chapter 5

Lecture Slides - Chapter 6

Lecture Slides - Chapter 7

Lecture Slides - Chapter 8

Lecture Slides - Chapter 9

Lecture Slides - Chapter 10

Lecture Slides - Chapter 11

Lecture Slides - Chapter 12

Lecture Slides - Chapter 13

Lecture Slides - Chapter 14

Lecture Slides - Chapter 15

Lecture Slides - Chapter 16

Lecture Slides - Chapter 17

Lecture Slides - Chapter 18

Solutions Manual

Solutions Manual - Chapter 1

Solutions Manual - Chapter 2

Solutions Manual - Chapter 2A Appendix

Solutions Manual - Chapter 3

Solutions Manual - Chapter 4

Solutions Manual - Chapter 5

Solutions Manual - Chapter 6

Solutions Manual - Chapter 7

Solutions Manual - Chapter 8

Solutions Manual - Chapter 9

Solutions Manual - Chapter 10

Solutions Manual - Chapter 10A Appendix

Solutions Manual - Chapter 11

Solutions Manual - Chapter 11A Appendix

Solutions Manual - Chapter 12

Solutions Manual - Chapter 13

Solutions Manual - Chapter 13A Appendix

Solutions Manual - Chapter 14

Solutions Manual - Chapter 15

Solutions Manual - Chapter 16

Solutions Manual - Chapter 17

Solutions Manual - Chapter 18

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