Microeconomics in Modules
Fourth Edition ©2019New Edition Available
When it comes to explaining fundamental economic principles by drawing on current economic issues and events, there are no authors more effective than Nobel laureate and New York Times columnist Paul Krugman and co-author, Robin Wells. Here, Krugman and Wells’ signature storytelling style
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The most accessible Krugman /Wells text
When it comes to explaining fundamental economic principles by drawing on current economic issues and events, there are no authors more effective than Nobel laureate and New York Times columnist Paul Krugman and co-author, Robin Wells. Here, Krugman and Wells’ signature storytelling style and uncanny eye for revealing examples come together in an accessible, modular format to help readers understand how economic concepts play out in our world. Instead of having chapters of traditional length, this version covers the core concepts of economics in a series of brief modules, each focused on one topic and designed to assigned in any order and read comfortably in one sitting.
This new edition is more accessible than ever and includes Achieve, a complete, integrated online learning system that supports students and instructors at every stage of learning—pre-class, in-class, and post-class.
"I really enjoy using the Mods format. I felt overwhelmed covering large chapters in a week using the old textbook. Now I can cover 2-4 Mods in a week."
-Kristen Zaborski, State College of Florida
"I teach at a community college. One of my primary goals is to teach students how to learn and study so that they can be successful in future courses. Economics in Modules is the perfect textbook for my students who are new to the learning process. Economics in Modules breaks the curriculum down into bite sized pieces for students. A chapter of a "traditional" textbook can be daunting for students. However, each module in Economics in Modules is only 3 to 7 pages. It "seems" shorter to students, even if it is the same length as the material covered in other textbooks. Microeconomics in Modules allows me to cover one module per class; students know exactly what is going to be covered in each class. Since each section is broken down into digestible pieces, students learn how to study a bit each day and preview the textbook before class."
-Lindsay Amiel, Madison College
"My impression of the Mods text is that by dividing the material in modules, which are smaller than chapters, students feel the material is more manageable. This format also benefits the instructor, because it's easier to exclude a segment of a chapter this way (by excluding just one module or more). I haven't used it yet--I will start using Mods this fall. So far though, I already like to authors and I like the format. The rest seems pretty standard, so I haven't found anything I dislike."
-Rotua Lumbantobing, Western Connecticut State University
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Table of Contents
Section 1: Basic Economic Concepts
Module 1: The Study of Economics
Module 2: Models and the Production Possibility Frontier
Module 3: Comparative Advantage and Trade
Module 4: The Circular Flow Diagram
Section 1A: Graphing Appendix
Section 2: Supply and Demand
Module 5: Demand
Module 6: Supply and Equilibrium
Module 7: Changes in Equilibrium
Section 3: Market Efficiency and Government Policy
Module 8: Consumer and Producer Surplus
Module 9: Efficiency and Markets
Module 10: Price Controls (Ceilings and Floors)
Section 4: Elasticity and Law of Demand
Module 11: Defining and Measuring Elasticity
Module 12: Interpreting Price Elasticity of Demand
Module 13: Other Elasticities
Module 14: The Benefits and Costs of Taxation
Section 5: International Trade
Module 15: Gains from Trade
Module 16: Supply, Demand, and International Trade
Section 6: Economics and Decision Making
Module 17: Making Decisions
Module 18: Behavioral Economics
Module 19: Maximizing Utility
Section 7: Production and Costs
Module 20: The Production Function
Module 21: Firm Costs
Module 22: Long-Run Costs and Economies of Scale
Section 8: Market Structure and Perfect Competition
Module 23: Introduction to Market Structure
Module 24: Perfect Competition
Module 25: Graphing Perfect Competition
Module 26: Long-Run Outcomes in Perfect Competition
Section 9: Monopoly
Module 27: Monopoly in Practice
Module 28: Monopoly and Public Policy
Module 29: Price Discrimination
Section 10: Oligopoly and Monopolistic Competition
Module 30: Oligopoly
Module 31: Game Theory
Module 32: Monopolistic Competition
Module 33: Product Differentiation and Advertising
Section 11: Market Failure and the Role of Government
Module 34: Externalities
Module 35: Externalities and Public Policy
Module 36: Public Goods and Common Resources
Section 12: Factor Markets and the Distribution of Income
Module 37: The Economics of Information
Module 38: Factor Markets
Module 39: Marginal Productivity Theory
Module 40: The Market for Labor
Module 41: The Economics of the Welfare State
Authors
Paul Krugman
Paul Krugman, recipient of the 2008 Nobel Memorial Prize in Economic Sciences, taught at Princeton University for 14 years. In 2015, he joined the faculty of the Graduate Center of the City University of New York, associated with the Luxembourg Income Study, which tracks and analyzes income inequality around the world. He received his BA from Yale and his PhD from MIT. Before Princeton, he taught at Yale, Stanford, and MIT. He also spent a year on the staff of the Council of Economic Advisers in 1982–1983. His research has included trailblazing work on international trade, economic geography, and 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. He is a regular op-ed columnist for the New York Times. His best-selling trade books include End This Depression Now!, The Return of Depression Economics and the Crisis of 2008, a history of recent economic troubles and their implications for economic policy, and The Conscience of a Liberal, a study of the political economy of economic inequality and its relationship with political polarization from the Gilded Age to the present. His earlier books, Peddling Prosperity and The Age of Diminished Expectations, have become modern classics.
Robin Wells
Robin Wells was a lecturer and researcher in Economics at Princeton University, 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 (United Kingdom), Stanford, and MIT.
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Paul Krugman; Robin Wells | Fourth Edition | ©2019 | ISBN:9781319233716
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