Intellectually, "Microeconomics" is uncompromising, yet it provides an introduction to the subject that will grab the student's attention. Written by the internationally renowned author Paul Krugman, and experienced Microeconomics lecturer Robin Wells, this text uses real world examples to explain economic ideas, making them easier to understand and absorb. The book is enhanced by 'Economics in Action' case studies and 'For Inquiring Minds' boxes, which apply the concepts to real phenomena. An excellent on-line package supports the text - video clips on the website bring the subject alive, while the graphing centre and quizzes and other resources consolidate the learning process.
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Paul Krugman is Professor of Economics at Princeton University, USA, where he regularly teaches the principles 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 Association's John Bates Clark medal. In addition to his teaching and academic research, Krugman writes extensively for non-technical audiences and is a regular op-ed columnist for the New York Times. His book The Great Unravelling: Losing Our Way in the New Century went straight to the top of the Amazon.com bestseller list, while his earlier publications, Peddling Prosperity and The Age of Diminished Expectations have become modern classics. Robin Wells is Researcher in Economics at Princeton University, USA, where she teaches undergraduate courses. She has previously taught at the University of Michigan, the University of Southampton, Stanford and MIT. Her teaching and research focus on the theory of organizations and incentives. She writes regularly for academic journals.
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