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Essentials of Economics

ISBN-10: 0716758792
ISBN-13: 9780716758792
Edition: 2006
List price: $153.99
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Description: "Essentials of Economics "brings the same captivating writing and innovative features of Krugman/Wells to the one-term combined micro/macro course. Adapted by Martha Olney (coauthor of the Krugman/Wells study guide and overall coordinator of its  More...

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Book details

List price: $153.99
Copyright year: 2006
Publisher: Worth Publishers, Incorporated
Publication date: 12/27/2006
Binding: Paperback
Pages: 560
Size: 8.50" wide x 10.50" long x 0.75" tall
Weight: 2.618
Language: English

"Essentials of Economics "brings the same captivating writing and innovative features of Krugman/Wells to the one-term combined micro/macro course. Adapted by Martha Olney (coauthor of the Krugman/Wells study guide and overall coordinator of its media/supplements package), it is the ideal text for teaching basic economic principles in a real-world context to students who are not planning to continue up the economics curriculum.

Paul Krugman was born on February 28, 1953. He received a B.S. in economics from Yale University in 1974 and a Ph.D from MIT in 1977. From 1982 to 1983, he worked at the Reagan White House as a member of the Council of Economic Advisers. He taught at numerous universities including Yale University, MIT, UC Berkeley, the London School of Economics, and Stanford University before becoming a professor of economics and international affairs at Princeton University in 2000. He has written over 200 scholarly papers and 20 books including Peddling Prosperity; International Economics: Theory and Policy; The Great Unraveling; and The Conscience of a Liberal. Since 2000, he has written a twice-weekly column for The New York Times. He received the 1991 John Bates Clark Medal and the 2008 Nobel Memorial Prize in Economic Sciences.

Introduction: The Ordinary Business of Life
First Principles
Economic Models: Trade-offs and Trade
Appendix: Graphs in Economics
Supply and Demand
The Market Strikes Back
Elasticity
Consumer and Producer Surplus
Behind the Supply Curve: Inputs and Costs
Perfect Competition and the Supply Curve
Factor Markets and the Distribution of Income
Efficiency, Inefficiency, and Equity
Monopoly
Oligopoly, Monopolistic Competition, and Product Differentiation
International Trade
Macroeconomics: The Big Picture
Tracking the Macroeconomy
Aggregate Supply and Aggregate Demand
Fiscal Policy
Money, the Federal Reserve System, and Monetary Policy

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