Microeconomics (3^rd Ed.)

Term after term, Krugman is earning that same level of trust in the classroom, with more instructors introducing students to the fundamental principles of economics via Krugman's signature style. The third edition of Paul Krugman and Robin Wells's Economics is their most accomplished yet it has been extensively updated.

PARTI: WHAT IS ECONOMICS? Introduction: The Ordinary Business of Life. First Principles. Economic Models: Trade-offs and Trade. Appendix: Graphs in Economics. PART II: SUPPLY AND DEMAND. Supply and Demand. Price Controls and Quotas: Meddling with Markets. Consumer and Producer Surplus. Elasticity. PART III: INDIVIDUALS AND MARKETS. Taxes. International Trade. PART IV: ECONOMICS AND DECISION MAKING. Making Decisions. PART V: THE CONSUMER. The Rational Consumer. Appendix: Consumer Preferences and Consumer Choice. PART VI: THE PRODUCTION DECISION. Behind the Supply Curve: Inputs and Costs. Perfect Competition and the Supply Curve. PART VII: MARKET STRUCTURE: BEYOND PERFECT COMPETITION. Monopoly. Oligopoly. Monopolistic Competition and Product Differentiation. PART VIII: MICROECONOMICS AND PUBLIC POLICY. Externalities. Public Goods and Common Resources. The Economics of the Welfare State. PART IX: FACTOR MARKETS AND RISK. Factor Markets and the Distribution of Income. Appendix: Indifference Curve Analysis of Labor Supply. Uncertainty, Risk, and Private Information.