When it comes to explaining current economic conditions, there is no economist readers trust more than "New York Times" columnist and Nobel laureate Paul Krugman. Term after term, Krugman is earning that same level of trust in the classroom, with more and more instructors introducing students to the fundamental principles of economics via Krugmans signature storytelling style. The new Third Edition of Paul Krugman and Robin Wellss "Economics" is their most accomplished yet--extensively updated to offer new examples and stories, new case studies from the business world, and expert coverage of the ongoing financial crisis. Watch a video interview of Paul Krugman here.
PART I: WHAT IS ECONOMICS? Intro: The Ordinary Business of Life First Principles Economic Models: Trade-offs and Trade Appendix: Graphs in Economics PART II: SUPPLY AND DEMAND Supply and Demand Price Controls and Quotas: Meddling with Markets International Trade Appendix: Consumer and Producer Surplus PART III: INTRODUCTION TO MACROECONOMICS Macroeconomics: The Big Picture Tracking the Macroeconomy Unemployment and Inflation PART IV: LONG-RUN ECONOMIC GROWTH Long-Run Economic Growth Savings, Investment Spending, and the Financial System PART V: SHORT-RUN ECONOMIC FLUCTUATIONS Income and Expenditure Appendix: Deriving the Multiplier Algebraically Aggregate Demand and Aggregate Supply PART VI: STABILIZATION POLICY Fiscal Policy Appendix: Taxes and the Multiplier Money, Banking, and the Federal Reserve System Monetary Policy Appendix: Reconciling Two Models of the Interest Rate Inflation, Disinflation, and Deflation Crises and Consequences PART VII: EVENTS AND IDEAS Events and Ideas PART VIII: THE OPEN ECONOMY Open-Economy Macroeconomics