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Macroeconomics in Modules
Third Edition| ©2015 Paul Krugman; Robin Wells
Maroeconomics in Modules of...
Maroeconomics in Modules offers the best of what makes Krugman/Wells a classroom favorite (story-telling approach, engaging writing, fascinating examples and cases), in a format students and instructors will love. Extensive educational research shows that students absorb more from shorter reading assignments than longer ones. And with coverage in self-contained modules, instructors can assign specific topics without asking students to read entire chapters.
Adapted by Paul Krugman and Robin Wells from their bestselling macroeconomics textbook, Macroeconomics in Modules is the only text for the principles of macroeconomics course organized in the supremely accessible, highly effective modular format.
Maroeconomics in Modules offers the best of what makes Krugman/Wells a classroom favorite (story-telling approach, engaging writing, fascinating examples and cases), in a format students and instructors will love. Extensive educational research shows that students absorb more from shorter reading assignments than longer ones. And with coverage in self-contained modules, instructors can assign specific topics without asking students to read entire chapters.
Features
New to This Edition
SaplingPlus—technology that offers the best value and price. Because students’ needs are changing, our most powerful learning option is now also our most affordable. SaplingPlus is a new digital solution that supports students and instructors at each stage in the learning path, from pre-class to in-class and post-class. It combines LearningCurve with an integrated e-Book, robust homework, an improved Graphing Player, and fully digital end-of-section problems including Work It Outs. And if print is important, a package with a loose-leaf copy of the text is only a few dollars more.
A modular version of Krugman and Wells -- more accessible than ever. The modular version of Krugman/Wells has always been easy to use and easy to teach. The new edition is more accessible than ever with streamlined modules, clarified explanations, and a focus on the most important concepts.
New Discovering Data activities help students interpret, analyze, share, and report on data. Students develop data literacy by completing these new Interactive Activities—step-by-step problems that have students use up-to-the-minute FRED data.
New online feature, News Analysis, adds to the book’s exceptional currency. Their new online feature pairs journalistic takes on pressing issues with questions based on Bloom’s taxonomy. This complements the unparalleled coverage of current topics including sustainability, the economic impact of technology, pressing policy debates, and much more.
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 with a new opening story on the economic transformation in China’s Pearl River Delta, the global focus is carried throughout with more on the ascendance of China’s economy, the Euro and events in Europe (including Brexit), and post-recession economies around the globe.
Thoroughly updated throughout. The fifth 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 8 new chapter-opening stories, 8 new business cases, and 26 new Economics in Action Applications.
Digital Options
Table of Contents
Module 1 The Study of Economics
Module 2 The Production Possibility Frontier Model
Module 3 Comparative Advantage and Trade
Section 2 Supply and Demand
Module 4 Demand
Module 5 Supply and Equilibrium
Module 6 Changes in Equilibrium
Module 7 Price and Quantity Controls
Module 8 International Trade
Section 3 Measurement of Economic Performance
Module 9 Introduction to Macroeconomics
Module 10 The Circular Flow
Module 11 Gross Domestic Product
Module 12 Interpreting Real Gross Domestic Product
Section 4 Unemployment and Inflation Defined
Module 13 The Meaning and Calculation of Unemployment
Module 14 The Causes and Categories of Unemployment
Module 15 The Cost of Inflation
Module 16 The Measurement and Calculation of Inflation
Section 5 Long-Run Economic Growth
Module 17 Long-run Economic Growth
Module 18 Production Function
Module 19 Long-run Growth PolicySection 6 Savings and Investment
Module 20 The Financial System
Module 21 Savings and Investment Spending
Module 22 The Time Value of Money
Module 23 The Market for Loanable Funds
Section 7 Income and Expenditure
Module 24 The Multiplier
Module 25 Income and Expenditure
Module 26 The Income-Expenditure Model
Section 8 Aggregate Demand and Aggregate Supply
Module 27 Aggregate Demand: Introduction and Determinants
Module 28 Aggregate Supply: Introduction and Determinants
Module 29 Equilibrium in the Aggregate Demand
Section 9 Fiscal Policy
Module 30 Taxes, Spending, Budgets, and Borrowing
Module 31 Fiscal Policy Effects
Module 32 Long-run Implications of Fiscal Policy, Deficits, and the Public Debt
Section 10 Money, Banking, and the Federal Reserve System
Module 33 Definition and Measurement of Money
Module 34 Banking and Money Creation
Module 35 The Federal Reserve System
Section 11 Monetary Policy
Module 36 The Federal Reserve System
Module 37 The Money Market
Module 38 Monetary Policy and the Interest Rate
Module 39 Money, Output, and Prices in the Long Run
Section 12 Policy Responses to Unemployment and Inflation
Module 40 Types of Inflation, Disinflation, and Deflation
Module 41 The Phillips Curve
Module 42 Crises and Consequences
Section 13 Open-Economy Macroeconomics
Module 43 Capital Flows and the Balance of Payments
Module 44 The Foreign Exchange Market
Module 45 Exchange Rate Policy
Module 46 Exchange Rates and Macroeconomic Policy Section 14 Additional Topics in Macroeconomics
Module 47 History and Alternative Views of Macroeconomics
Module 48 The Modern Macroeconomic Consensus
Module 49 Putting it All TogetherAppendices
Appendix A Graphs in Economics
Appendix B Macroeconomic Data
Solutions to Module Review Questions
Questions
Glossary
Authors
Paul Krugman
Robin Wells
Instructor Resources
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