PART 1: WHAT IS ECONOMICS? - The Ordinary Business of Life - First Principles - Economic Models: Trade-offs and Trade - Appendix: Graphs in Economics - PART 2: SUPPLY AND DEMAND - Supply and Demand - The Market Strikes Back - Consumer and Producer Surplus - PART 3: INTRODUCTION TO MACROECONOMICS - Macroeconomics: The Big Picture - Tracking the Macroeconomy - THE ECONOMY IN THE LONG RUN - Long Run Economic Growth - Saving, Investment and the Financial System - Taxes, Social Insurance and Income Distribution - PART 4: SHORT RUN ECONOMIC FLUCTUATIONS - Aggregate Supply and Aggregate Demand - Income and Expenditure - Fiscal Policy - Monetary Institutions - Monetary Policy - The Supply Side and the Medium Run - Labour Markets, Unemployment and Inflation - Inflation, Deflation and Stagflation - PART 5: EVENTS AND IDEAS - The Making of Modern Macroeconomics - PART 6: THE OPEN ECONOMY - International Trade - The Open Economy - Macroeconomic Policy in Open Economies - Currencies and Crises (available to adopters on the web)
PAUL KRUGMAN is Professor of Economics at Princeton University, USA, where he regularly teaches the Principles of Economics course. Prior to his current position, he taught at Yale, Stanford and MIT. He also spent a year on the staff of the Council of Economics Advisors in 1982-83. His research is mainly in the area of international trade, where he is one of the founders of the 'new trade theory' with its focus on increasing returns and imperfect competition. He also works in international finance, with a concentration in currency crises. In 1991, Krugman received the American Economic Associa
PAUL KRUGMAN is Professor of Economics at Princeton University, USA, where he regularly teaches the Principles of Economics course. Prior to his current position, he taught at Yale, Stanford and MIT. He also spent a year on the staff of the Council of Economics Advisors in 1982-83. His research is mainly in the area of international trade, where he is one of the founders of the 'new trade theory' with its focus on increasing returns and imperfect competition. He also works in international finance, with a concentration in currency crises. In 1991, Krugman received the American Economic Associa
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