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Full Description
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.
Contents
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.
