Synopses & Reviews
Krugman/Wells takes a story-driven approach that focuses on real-world economics at work. The book offers the hallmark clarity and engaging writing style that distinguish Paul Krugman's work, from his best-selling international economics text to his New York Times best-sellers. In just one year, Microeconomics has become a leading book and has met with unparalleled student and instructor praise.
Table of Contents
PART 1 WHAT IS ECONOMICS? Introduction: The Ordinary Business of Life
1. First Principles
2. Economic Models: Tradeoffs and Trade
PART 2 SUPPLY AND DEMAND
3. Supply and Demand
4. The Market Strikes Back
5. Elasticity
PART 3 INDIVIDUALS AND MARKETS
6. Consumer and Producer Surplus
7. Making Decisions
PART 4 THE PRODUCER
8. Behind the Supply Curve: Inputs and Costs
9. Perfect Competition and the Supply Curve
PART 5 THE CONSUMER
10. The Rational Consumer
11. Consumer Preferences and Consumer Choice
PART 6 MARKETS AND EFFICIENCY
12. Factor Markets and the Distribution of Income
Chapter 12 APPENDIX: Indifference Curve Analysis of Labor Supply
13. Efficiency and Equity
PART 7 MARKET STRUCTURE: BEYOND PERFECT COMPETITION
14. Monopoly
15. Oligopoly
16. Monopolistic Competition and Product Differentiation
PART 8 EXTENDING MARKET BOUNDARIES
17. International Trade
18. Uncertainty, Risk, and Private Information
PART 9 MICROECONOMICS AND PUBLIC POLICY
19. Externalities
20. Public Goods and Common Resources
21. Taxes, Social Insurance, and Income Distribution
PART 10 NEW DIRECTIONS IN NEW MARKETS
22. Technology, Innovation, and Network Externalities
AVAILABLE SEPARATELYLong-Run Input Choices: Isoquants and Isocost by Kristen A. Monaco
Agriculture Policy and Markets by Colin Carter