Microeconomics, 3rd Edition

When it comes to explaining current economic conditions, there is no economist readers trust more than New York Times columnist and Nobel laureate Paul Krugman.  Term after term, Krugman is earning that same level of trust in the classroom, with more and more instructors introducing students to the fundamental principles of economics via Krugman’s signature storytelling style. The new Third Edition of Paul Krugman and Robin Wells’s Economics is their most accomplished yet—extensively updated to offer new examples and stories, new case studies from the business world, and expert coverage of the ongoing financial crisis.

Table of Contents

Chapter 1 First Principles
Chapter 2 Economic Models: Trade-Offs And Trade
Chapter 2 Appendix Graphs In Economics
Chapter 3 Supply And Demand
Chapter 4 Consumer And Producer Surplus
Chapter 5 Price Controls And Quotas: Meddling With Markets
Chapter 6 Elasticity
Chapter 7 Taxes
Chapter 8 International Trade
Chapter 9 Decision Making By Individuals And Firms
Chapter 10 The Rational Consumer
Chapter 10 Appendix Consumer Preferences And Consumer Choice
Chapter 11 Behind The Supply Curve: Inputs And Costs
Chapter 12 Perfect Competition And The Supply Curve
Chapter 13 Monopoly
Chapter 14 Oligopoly
Chapter 15 Monopolistic Competition And Product Differentiation
Chapter 16 Externalities
Chapter 17 Public Goods And Common Resources
Chapter 18 The Economics Of The Welfare State
Chapter 19 Factor Markets And The Distribution Of Income
Chapter 19 Appendix Indifference Curve Analysis Of Labor Supply
Chapter 20 Uncertainty, Risk, And Private Information