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Macroeconomics in Modules
Fifth Edition| ©2022 Paul Krugman; Robin Wells
When it comes to explaining fundamental economic principles by drawing on current economic issues and events, no one is more effective than Nobel laureate and New York Times columnist Paul Krugman and co-author, Robin Wells. In this modular text, Krugman and Wells’ signature storytelling...
When it comes to explaining fundamental economic principles by drawing on current economic issues and events, no one is more effective than Nobel laureate and New York Times columnist Paul Krugman and co-author, Robin Wells. In this modular text, Krugman and Wells’ signature storytelling style helps readers understand economic concepts in the real world. Instead of long, traditional chapters of traditional length, this version presents brief modules, each focused on one topic and easy to read in one sitting.
The new edition is available as an Achieve online course that offers the best value and price.
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The most accessible Krugman/Wells text, now in Achieve.
When it comes to explaining fundamental economic principles by drawing on current economic issues and events, no one is more effective than Nobel laureate and New York Times columnist Paul Krugman and co-author, Robin Wells. In this modular text, Krugman and Wells’ signature storytelling style helps readers understand economic concepts in the real world. Instead of long, traditional chapters of traditional length, this version presents brief modules, each focused on one topic and easy to read in one sitting.
The new edition is available as an Achieve online course that offers the best value and price.
Features
New to This Edition
Krugman/Wells Macroeconomics in Modules, now in Achieve online courseware that offers the best value and price. Built on best practices in learning science, Achieve for Mods features a wide range of resources to support students at every stage of the learning process: pre-class, in-class, and post-class. This new system offers significant improvements including 40% more assessment questions with rich feedback and intuitive feedback, the iClicker personal response system fully integrated, new Instructor Activity Guides, and enhanced data and analytics on student performance.
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.
More realistic, global economics. Starting in Section 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, an incisive new look at externalities, updated analysis on long-run growth, and thorough coverage of the economic impacts and policy responses to the COVID-19 pandemic.
"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 the 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

Macroeconomics in Modules
Fifth Edition| ©2022
Paul Krugman; Robin Wells
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Macroeconomics in Modules
Fifth Edition| 2022
Paul Krugman; Robin Wells
Table of Contents
Section 1 Basic Economic Concepts
Module 1 First Principles
Module 2 Models and the Production Possibility Frontier
Module 3 Comparative Advantage and Trade
Module 4 The Circular Flow Diagram
Appendix: Graphs in Economics
Section 2 Demand, Supply, and Equilibrium
Module 5 Demand
Module 6 Supply and Equilibrium
Module 7 Changes in Equilibrium
Section 3 Market Efficiency and Price Controls
Module 8 Consumer and Producer Surplus
Module 9 Efficiency and Markets
Module 10 Price Controls (Ceilings and Floors)
Section 4 International Trade
Module 11 Gains from Trade
Module 12 Supply, Demand, and International Trade
Section 5 Macroeconomic Measurement
Module 13 Introduction to Macroeconomics
Module 14 National Accounts and the Gross Domestic Product
Module 15 Interpreting Real Gross Domestic Product
Section 6 Unemployment and Inflation
Module 16 Defining Unemployment
Module 17 Categories of Unemployment
Module 18 The Costs of Inflation
Module 19 Measuring Inflation
Section 7 Long-Run Economic Growth
Module 20 Sources of Long-Run Economic Growth
Module 21 Productivity and Growth
Module 22 Long-Run Growth Policy
Section 8 Savings, Investment Spending, and the Financial System
Module 23 Savings and Investment Spending
Module 24 The Market for Loanable Funds
Module 25 The Financial System
Module 26 Present Value and Time Value of Money
Section 9 Income and Expenditure
Module 27 The Multiplier
Module 28 Consumer Spending and Investment Spending
Module 29 The Income-Expenditure Model
Section 10 Aggregate Demand Aggregate Supply
Module 30 Aggregate Demand
Module 31 Aggregate Supply
Module 32 The AD-AS Model
Section 11 Fiscal Policy
Module 33 Fiscal Policy Basics
Module 34 Fiscal Policy and the Multiplier
Module 35 Budget Deficits and the Public Debt
Section 12 Money, Banking, and the Federal Reserve System
Module 36 Defining the Measuring Money
Module 37 Banking and Money Creation
Module 38 The Federal Reserve System
Section 13 Monetary Policy
Module 39 The Federal Reserve and Monetary Policy
Module 40 The Money Market
Module 41 Monetary Policy and the Interest Rate
Module 42 Money, Output, and Prices in the Long Run
Section 14 Inflation, Disinflation, and Deflation
Module 43 Causes of High Inflation
Module 44 Output Gaps, Inflation, and the Phillips Curve
Module 46 Deflation
Section 15 International Macroeconomics
Module 46 Capital Flows and the Balance of Payments
Module 47 The Foreign Exchange Market
Module 48 Exchange Rate Policy
Module 49 Exchange Rates and Macroeconomic Policy
Authors

Paul Krugman

Robin Wells
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Paul Krugman; Robin Wells | Fifth Edition | ©2022 | ISBN:9781319388133
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Macroeconomics in Modules
Fifth Edition| 2022
Paul Krugman; Robin Wells
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Macroeconomics in Modules
Fifth Edition| 2022
Paul Krugman; Robin Wells
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