Microeconomics by Paul Krugman; Robin Wells - Sixth Edition, 2021 from Macmillan Student Store

Microeconomics

Sixth Edition ©2021 Paul Krugman; Robin Wells


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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Microeconomics by Paul Krugman; Robin Wells - Sixth Edition, 2021 from Macmillan Student Store

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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.

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New to This Edition

Achieve offers the best value and price. Because students’ and instructors’ needs are changing, our most powerful learning option is also our most affordable. Achieve is a new digital solution that brings all of the best aspects of Krugman/Wells and Macmillan's digital resources together in one place. Built on best practices in learning science, Achieve provides students with robust tools to succeed in economics while giving instructors insights into their students' understanding and performance.

Current events framed by the world’s best communicators of economics. No other text stays as fresh as Krugman and Wells, from powerful technology firms such as Amazon and Google to the global economic impacts of the COVID-19 pandemic. For this edition, we've added cutting edge New Analysis features online in Achieve including Bloomberg videos and Econofact memos. These activities pair journalistic takes on pressing issues with questions based on Bloom's taxonomy.

A richer commitment to broadening students’ understanding of the global economy. With unparalleled insight and clarity, the authors use their hallmark narrative approach to take students outside of the classroom and into our global world. Starting in Chapter 1, there is a new principle on how increases in the economy's potential lead to economic growth over time. To reflect our rapidly changing world, there is an expanded section on market power and the digital economy and an incisive new look at externalities.

Thoroughly updated throughout. The sixth edition has been updated to reflect our always changing world. Along with updated graphs and changes in every chapter in the text, the new edition features 5 new chapter-opening stories, 9 new business cases, and 22 new Economics in Action Applications.

"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

Paul Krugman

Paul Krugman, recipient of the 2008 Nobel Memorial Prize in Economic Sciences, is a faculty member 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. Prior to that, he taught at Princeton University for 14 years. He received his Barroom 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 pathbreaking 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-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. She received her BA from the University of Chicago and her PhD from the University of California at Berkeley; she then did 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
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Instructors Resource Manual for Microeconomics (Online Only)

Paul Krugman; Robin Wells | Sixth Edition | ©2021 | ISBN:9781319340599
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Lecture Slides for Microeconomics (Online Only; Accessible)

Paul Krugman; Robin Wells | Sixth Edition | ©2021 | ISBN:9781319324193
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Solutions Manual for Microeconomics (Online Only)

Paul Krugman; Robin Wells | Sixth Edition | ©2021 | ISBN:9781319340605
Macroeconomics by Paul Krugman; Robin Wells - Sixth Edition, 2021 from Macmillan Student Store

Macroeconomics

Paul Krugman; Robin Wells | Sixth Edition | 2021 | ISBN:9781319245269

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Paul Krugman on Economics and Economists