Microeconomics

Paul Krugman's grasp of economics in action and his uncanny way of translating complex issues into everyday terms have made him the most widely read economist writing for the general public today. He has been awarded the 2008 prize in Economic Sciences for his study of international trade and the effects of globalisation.
What's new?
Chapter order re-organised from the 1st edition to reflect how the subject is taught
Stronger international focus Global issues are dealt with throughout the text and emphasis is placed on looking at topics from an international perspective
Global Comparison boxes uses data driven examples to illustrate the international dimension of economic concepts
New chapters on Taxes, Inflation and Unemployment
Coverage of the financial crisis
Strengths:
Real world examples, stories, applications and case studies These teach the core concepts and motivate learning
The writing style is accessible, entertaining and friendly
Tools for learning
Tools for learning:
Each chapter is structured around a common set of features that helps students learn while keeping them engaged
Chapter opening summaries Each chapter begins with a real-life story that is then integrated throughout the chapter. They illustrate concepts, build intuition and encourage students to think further
Economics in action each chapter closes with a real world case study
Each chapter also has:
- What you will learn easy to read bulleted list
o Quick review to cement ideas
- Check your understanding short in text questions to test the student has understood the concepts
- For enquiring minds concepts are applied to real world events
- Global comparison boxes illustrations from around the world
- Pitfalls Concepts that are often misunderstood or that students often struggle with are dealt with as they come up
- Definition of key terms terms are defined in the text, then again in the margin
- A look ahead Provides students with an idea of what to