Abstract
What is economics? Supply and demand. The production decision. Beyond perfect competition. Introduction to macroeconomics. Economic growth and fluctuations. Stabilization policy. The international economy.
Adapted by Kathryn Graddy, Essentials of Economics brings the captivating storytelling approach, real-world applications, and innovative features of Paul Krugman and Robin Wells’ Economics to the one-term economics course. It is the ideal text for teaching basic economic principles in a single term, distilling the increasingly popular Krugman/Wells text down to what is truly essential. The new edition is the most accessible yet—thoroughly updated with current topics and examples, and with new cases that are especially appealing to business students.