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Major topics include measurement of economic performance, national income and price determination, fiscal and monetary policy, and international economics and growth. AP Macroeconomics is frequently taught in conjunction with (and, in some cases, in the same year as) AP Microeconomics as part of a comprehensive AP Economics curriculum, although ...
Krugman's International Economics: Theory and Policy, co-authored with Maurice Obstfeld, is a standard undergraduate textbook on international economics. [43] He is also co-author, with Robin Wells, of an undergraduate economics text which he says was strongly inspired by the first edition of Paul Samuelson's classic textbook. [44]
Krugman's book The Return of Depression Economics challenges the perceived 1990's prosperity and misconception that economic depressions would not occur. [4] Krugman points to the need for Keynesian style of economics in response to economic depressions, rejecting neoclassical and orthodox economic rules, in favour of fiscal expenditure and ...
Shortly after its publication, Newsweek called it "the best primer around on recent U.S. economic history." [1] In the book Krugman covers the US productivity slowdown that has occurred since the 1970s, changes in the ideology among economists, and offers critiques of both conservative supply side economics and liberal support for government intervention in the form of "strategic policy". [1]
In February 2019, Macroeconomics became the first academic textbook based on the theory, published by Bill Mitchell, Randall Wray, and Martin Watts. [4] [37] MMT became increasingly used by chief economists and Wall Street executives for economic forecasts and investment strategies. The theory was also intensely debated by lawmakers in Japan ...
The book showed how operationally meaningful theorems can be described with a small number of analogous methods, thus providing "a general theory of economic theories." It moved mathematics out of the appendices (as in John R. Hicks's Value and Capital ) and helped change how standard economic analysis across subjects could be done with the ...
Krugman, Paul. There's something about macro – An explanation of the model and its role in understanding macroeconomics. Krugman, Paul. IS-LMentary – A basic explanation of the model and its uses. Wiens, Elmer G. IS–LM model – An online, interactive IS–LM model of the Canadian economy.
The Theory of Interstellar Trade [1] is a paper on hypothetical space trade written in 1978 by the economist Paul Krugman. The paper was first published in March 2010 in the journal Economic Inquiry. [2] He described the paper as something he wrote to cheer himself up when he was an "oppressed assistant professor" caught up in the academic rat ...
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