Table of Contents

PART 1 What Is Economics?.- 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 Price Controls and Quotas: Meddling with Markets.- Chapter 5 Elasticity and Taxation.- PART 3 The Production Decision.- Chapter 6 Behind the Supply Curve: Inputs and Costs.- Chapter 7 Perfect Competition and the Supply Curve.- PART 4 Beyond Perfect Competition.- Chapter 8. Monopoly.- Chapter 9 Oligopoly and Monopolistic Competition.- PART 5 Microeconomics and Public Policy.- Chapter 10 Externalities and Public Goods.- Chapter 11 Poverty, Inequality, and the Welfare State.- PART 6 Introduction to Macroeconomics.- Chapter 12 Macroeconomics: The Big Picture.- Chapter 13 GDP and the CPI: Tracking the Macroeconomy.- Chapter 14 Unemployment and Inflation.- PART 6 Economic Growth and Fluctuations.- Chapter 15 Long-Run Economic Growth.- Chapter 16 Aggregate Demand and Aggregate Supply.- PART 7 Stabilization Policy.- Chapter 17 Fiscal Policy.- Chapter 18 Money, Banking, and the Federal Reserve System.- Chapter 19 Monetary Policy.- PART 8 The International Economy.- Chapter 20 International Trade, Capital Flows, and Exchange Rates.

About the Author

Paul Krugman, recipient of the 2008 Nobel Memorial Prize in Economic Sciences, taught at Princeton University for 14 years. In 2015, he joined the faculty 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. 
Robin Wells was a lecturer and researcher in Economics at Princeton University, where she has taught undergraduate courses.