Essentials of Economics

Check out preview content forEssentials of Economics here . Essentials of Economicsbrings the same captivating writing and innovative features of Krugman/Wells to the one-term economics course. Adapted by Kathryn Graddy, it is the ideal text for teaching basic economic principles, with enough real-world applications to help students see the applicability, but not so much detail as to overwhelm them. Watch a video interview of Paul Krugman here .

Part 1. What is Economics?
1. First Principles 
2. Economic Models: Trade-offs and Trade
     2. Appendix:  Graphs in Economics

Part 2. Supply and Demand
3. Supply and Demand
4. The Market Strikes Back
5. Elasticity and Taxation

Part 3. The Production Decision
6. Behind the Supply Curve: Inputs and Costs
7.  Perfect Competition and the Supply Curve

Part 4. Beyond Perfect Competition  
8.  Monopoly, Oligopoly, and Monopolistic Competition
9.  Externalities and Public Goods

Part 5. Introduction to Macroeconomics
10. Macroeconomics: The Big Picture
11. Tracking the Macroeconomy
12. Unemployment and Inflation

Part 6. Economic Growth and Fluctuations
13. Long-Run Economic Growth
14. Aggregate Demand and Aggregate Supply

Part 7. Stabilization Policy
15. Fiscal Policy
16. Money, Banking, and the Federal Reserve System
17. Monetary Policy  Part 8. The Open Economy
18. International Trade, Capital Flows, and Exchange Rates