Essentials of Economics

Paul Krugman, Robin Wells, Kathryn Graddy (Autoren)

Buch | Hardcover

640 Seiten

2013 | 3rd ed. 2013
Worth Publishers Inc.,U.S. (Verlag)
9781429278508 (ISBN)

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Essentials of Economics

Paul Krugman, Robin Wells, Kathryn Graddy

2016

Buch | Softcover

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Essentials of Economics brings the captivating writing and innovative features of Krugman/Wells to the one-term micro/macro module. It is ideal for teaching basic economic principles in a real-world context.

Paul Krugman, recipient of the 2008 Nobel Memorial Prize in Economics, is Professor of Economics at Princeton University, USA, where he regularly teaches the principles course. He received his BA from Yale and his PhD from MIT. Prior to his current position, he taught at Yale, Stanford, and MIT. He also spent a year on staff of the Council of Economics Advisors in 1982-1983. His research is mainly in the area of international trade, where he is one of the founders of the 'new trade theory,' which focuses on increasing returns and imperfect competition. He also works in international finance, with a concentration in 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. Krugman is a regular op-ed columnist for the New York Times. Robin Wells was a lecturer and researcher in Economics at Princeton University, USA, where she has taught undergraduate courses. She received her BA from the University of Chicago and her PhD from the University of California, Berkeley; she then did her postdoctoral work at MIT. She has taught at the University of Michigan, the University of Southampton (UK), Stanford, and MIT. Her teaching and research focus on the theory of organizations and incentives. Kathryn Graddy is Professor of Economics at Brandeis University, USA. She received her BA and BS from Tulane University, her MBA from Columbia University, and her PhD from Princeton University. She regularly teaches introduction to economics at Brandeis, and her research focuses on the economics of art and culture and industrial organization.

PART I: WHAT IS ECONOMICS?.- 1. First Principles .- 2. Economic Models: Trade-offs and Trade <.- Appendix Graphs in Economics .- PART II: SUPPLY AND DEMAND.- 3. Supply and Demand .- 4. Price Controls and Quotas: Meddling with Markets .- 5. Elasticity and Taxation.- PART III: THE PRODUCTION DECISION.- 6. Behind the Supply Curve: Inputs and Costs .- 7. Perfect Competition and the Supply Curve .- PART IV: BEYOND PERFECT COMPETITION.- 8. Monopoly, Oligopoly, and Monopolistic Competition .- 9. Externalities and Public Goods.- PART V: INTRODUCTION TO MACROECONOMICS.- 10. Macroeconomics: The Big Picture .- 11. GDP and CPI: Tracking the Macroeconomy .- 12. Unemployment and Inflation .- PART VI: ECONOMIC GROWTH AND FLUCTUATIONS.- 13. Long-Run Economic Growth .- 14. Aggregate Demand and Aggregate Supply .- PART VII: STABILIZATION POLICY.- 15. Fiscal Policy .- 16. Money, Banking, and the Federal Reserve System .- 17. Monetary Policy .- 18. Crises and Consequences.- PART VIII: THE INTERNATIONAL ECONOMY.- 19. International Trade, Capital Flows, and Exchange Rates.- Macroeconomic Data Tables .- Solutions to 'Check Your Understanding' Questions.