When it comes to explaining fundamental economic principles by drawing on current economic issues and events, there is no one more effective than Nobel laureate and New York Times columnist Paul Krugman and co-author, Robin Wells.

Part 1: What Is Economics?.- Introduction An Engine for Growth and Discovery.- 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 International Trade.- Appendix: Consumer and Producer surplus.- Part 3: Introduction to Macroeconomics.- Chapter 6 Macroeconomics: The Big Picture.- Chapter 7 GDP and CPI: Tracking the Macroeconomy.- Chapter 8 Unemployment and Inflation.- Part 4: Long-Run Economic Growth.- Chapter 9 Long-Run Economic Growth.- Chapter 10 Savings, Investment Spending, and the Financial System.- Appendix: Toward a Fuller Understanding of Present Value.- Part 5: Short-Run Economic Foundations.- Chapter 11 Income and Expenditure.- Appendix: Deriving the Multiplier Algebraically.- Chapter 12 Aggregate Demand and Aggregate Supply.- Part 6: Stablization Policy.- Chapter 13 Fiscal Policy.- Appendix: Taxes and the Multiplier.- Chapter 14 Money, Banking and the Federal Reserve System.- Chapter 15 Monetary Policy.- Appendix: Reconciling the Two Models of Interest Rate.- Chapter 16 Inflation, Disinflation, and Deflation.- Part 7: Events and Ideas.- Chapter 17 Macroeconomics: Events and Ideas.- Part 8: The International Economy.- Chapter 18 International Macroeconomics.- Macroeconomic Data Tables.- Solutions to Check Your Understanding Questions.- Glossary.- Index.

When it comes to explaining fundamental economic principles by drawing on current economic issues and events, there is no one more effective than Nobel laureate and New York Times columnist Paul Krugman and co-author, Robin Wells. In this best-selling introductory textbook, Krugman and Wells’ signature storytelling style and uncanny eye for revealing examples will help you understand how economic concepts play out in our world. The new edition has been revised and enhanced throughout, including incisive new looks at long-run growth and at market power, and extensive coverage of the economic impacts and policy responses to the coronavirus pandemic. Macroeconomics is supported by Achieve, which includes: - Animated pre-lecture tutorials and bridge questions will help you to understand core economic topics before going to class - Access to an eBook for easy reading and searching - LearningCurve adaptive quizzing offers practice questions to check your understanding and provides feedback to ensure you have grasped the concepts - Step-by-Step graphs and Work It Out activities allow you to work step-by-step through scenarios so that you can see economic principles in action

​"The text does an excellent job meeting my course needs! I used another introductory microeconomics book at a different university and the Krugman text is MUCH better - the examples are clear and easy for students to relate to, and the topical events in the chapter introductions provide context for the economics that follows.” – Meredith Crane, Cincinnati State Technical & Community College ​"Extremely well written. I think a policy focused approach is what initially drew me to the text. I have continued to use the text as the homework management system saw increased value to the students." – Michael Polcen, Northern Virginia Community College ​"I think the coverage [of Economic Principles in Chapter 1]  is better than my current text because it gives a very broad picture of what economics is about. The Principles are really what we are about to embark on in the remaining chapters, which I like. In lecture I would be able to give them examples of ‘when we will see this again’ which I like to do because it piques their interest in the remainder of the course.” – Julie Gonzalez, University of California - Santa Cruz ​“I am happy with the online homework system. The text has very nice lecture presentations for the chapters and a very strong test bank with lots of good questions. It is important to me that the test bank questions include tables and images as well as problems that require the students to complete calculations using formulas from the textbook chapters." – Cynthia Foreman, Clark College

A commitment to broadening students’ understanding of the global economy. The authors use their hallmark narrative approach to take students outside of the classroom and into the wider world A global focus: the book integrates an international perspective throughout via applications, cases, stories and in the data-based Global Comparison feature Supported by Achieve new_to_this_edition In Chapter 1, the authors introduce a new principle which shows how increases in the economy's potential leads to economic growth over time Additional expanded coverage includes sections on market power and the digital economy, an incisive new look at externalities, and the impact of Covid-19 on trade, unemployment, fiscal and monetary policy, and our understanding of AD-AS 5 new Opening Stories, 22 new Economics in Action Applications and 9 new Business cases Expanded digital features in Achieve which include new in-class Activity Guides, additional FRED exercises including Federal Reserve data, new Step-by-Step graphs, and News Analyses with Bloomberg videos and Econofact memos