Microeconomics
Sixth Edition ©2021
Available for the first time with Macmillan's new online learning platform, Achieve, Krugman and Wells’ widely adopted text is more effective than ever at helping students reach new levels of economic understanding.
When it comes to explaining fundamental economic principles by drawing...
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Krugman/Wells helps your students Achieve economic understanding
Available for the first time with Macmillan's new online learning platform, Achieve, Krugman and Wells’ widely adopted text is more effective than ever at helping students reach new levels of economic understanding.
When it comes to explaining fundamental economic principles by drawing on current economic issues and events, there is no one more effective than Nobel laureate and New York Times columnist Paul Krugman and co-author, Robin Wells. In this best-selling introductory textbook, Krugman and Wells’ signature storytelling style and uncanny eye for revealing examples help readers understand how economic concepts play out in our world.
Along with the addition of Achieve, the new edition is revised and enhanced throughout, including a powerful new online version in Achieve, incisive new looks at market power and externalities in microeconomics, and updated analysis of long-run growth and extensive coverage of the economic impacts and policy responses to the coronavirus pandemic in macroeconomics.
"The text does an excellent job meeting my course needs! I used another introductory microeconomics book at a different university and the Krugman text is MUCH better - the examples are clear and easy for students to relate to, and the topical events in the chapter introductions provide context for the economics that follows.”
- Meredith Crane, Cincinnati State Technical & Community College
"Extremely well written. I think a policy focused approach is what initially drew me to the text. I have continued to use the text as the homework management system saw increased value to the students."
- Michael Polcen, Northern Virginia Community College"I think the coverage [of Economic Principles in Chapter 1] is better than my current text because it gives a very broad picture of what economics is about. The Principles are really what we are about to embark on in the remaining chapters, which I like. In lecture I would be able to give them examples of ‘when we will see this again’ which I like to do because it piques their interest in the remainder of the course.”
- Julie Gonzalez, University of California - Santa Cruz“I am happy with the online homework system. The text has very nice lecture presentations for the chapters and a very strong test bank with lots of good questions. It is important to me that the test bank questions include tables and images as well as problems that require the students to complete calculations using formulas from the textbook chapters."
- Cynthia Foreman, Clark College
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Table of Contents
Part 1: What Is Economics?
Introduction An Engine for Growth and Discovery
Chapter 1 First Principles
Chapter 2 Economic Models: Trade-offs and Trade
Appendix: Graphs in Economics
Part 2: Supply and Demand
Chapter 3 Supply and Demand
Chapter 4 Consumer and Producer Surplus
Chapter 5 Price Controls and Quotas: Meddling with Markets
Chapter 6 Elasticity
Part 3: Individuals and Markets
Chapter 7 Taxes
Chapter 8 International Trade
Part 4: Economics and Decision Making
Chapter 9 Decision Making by Individuals and Firms
Appendix: Toward a Fuller Understanding of Present Value
Part 5: The Consumer
Chapter 10 The Rational Consumer
Appendix: Consumer Preferences and Consumer Choice
Part 6: The Production Decision
Chapter 11 Behind the Supply Curve: Inputs and Costs
Chapter 12 Perfect Competition and the Supply Curve
Part 7: Market Structure: Beyond Perfect Competition
Chapter 13 Monopoly
Chapter 14 Oligopoly
Chapter 15 Monopolistic Competition and Product Differentiation
Part 8: Microeconomics and Public Policy
Chapter 16 Externalities
Chapter 17 Public Goods and Common Resources
Chapter 18 The Economics of the Welfare State
Part 9: Factor Markets and Risk
Chapter 19 Factor Markets and the Distribution of Income
Appendix Indifference Curve Analysis of Labor Supply
Chapter 20 Uncertainty, Risk, and Private Information
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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Test Bank for Microeconomics
Paul Krugman; Robin Wells | Sixth Edition | ©2021 | ISBN:9781319340612
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Image Slides for Microeconomics (Online Only; Accessible)
Paul Krugman; Robin Wells | Sixth Edition | ©2021 | ISBN:9781319340667
Instructors Resource Manual for Microeconomics (Online Only)
Paul Krugman; Robin Wells | Sixth Edition | ©2021 | ISBN:9781319340599
Lecture Slides for Microeconomics (Online Only; Accessible)
Paul Krugman; Robin Wells | Sixth Edition | ©2021 | ISBN:9781319324193Related Titles
Macroeconomics
Paul Krugman; Robin Wells | Sixth Edition | 2021 | ISBN:9781319245269Videos
Paul Krugman on Economics and Economists
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