Unfortunately we do not have a summary for this item at the moment

PAUL KRUGMAN is Professor of Economics at Princeton University, USA, where he regularly teaches the principles course. Prior to his current position he taught at Yale, Stanford and MIT. ROBIN WELLS is Researcher in Economics at Princeton University, USA, where she teaches undergraduate courses. She has previously taught at the University of Michigan, the University of Southampton, Stanford and MIT. Her teaching and research focus on the theory of organizations and incentives. She writes regularly for academic journals.

PART I: WHAT IS ECONOMICS?; First Principles; Economic Models: Trade off and Trade; Appendix: Graphs in Economics; PART II: SUPPLY AND DEMAND; Supply and Demand; The Market Strikes Back; 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; ADAS; PART VI: STABILIZATION POLICY NEW PART DIVISION; Fiscal Policy; Appendix: Taxes and the Multiplier; Money, Banking, and the Federal; Reserve System; Monetary Policy; Appendix: Reconciling two models of the interest rate NEW; Inflation, Disinflation, and Deflation; PART VII: EVENTS AND IDEAS; Events and Ideas; PART VIII: THE OPEN ECONOMY; Open-economy Macroeconomics.