'The European adaptation of Krugman provides an outstanding introduction to Economics. To a very high standard this text allows students to gain a firm understanding of economic ideas and principles. At the same time it brings the subject alive through topical and up-to-date examples and illustrations relevant to the contemporary European economy.' Andrew Healey, University of Swansea, UK 'The applications using real world examples and the clarity of exposition make this the most accessible introductory text in economics around at the moment.' Stephen Smith, London Metropolitan University, UK
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About the Author
PAUL KRUGMAN is Professor of Economics at Princeton University, where he regularly teaches the principles course. He received his BA from Yale and his PhD from MIT. Prior to his current position, he taught at Yale, Stanford, and MIT. He also spent a year on the staff of the Council of Economic Advisers in 1982-1983. His research is mainly in the area of international trade, where he is one of the founders of the "new trade theory," which focuses 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 nontechnical audiences. Krugman is a regular op-ed columnist for the New York Times. His latest trade book is a best-selling collection of his Times articles entitled The Great Unraveling: Losing Our Way in the New Century. His earlier books, Peddling Prosperity and The Age of Diminished Expectations, have become modern classics. ROBIN WELLS is Researcher in Economics at Princeton University, where she regularly teaches undergraduate courses. She received her BA from the University of Chicago and her PhD from the University of California at Berkeley; she then did postdoctoral work at MIT. She has taught at the University of Michigan, the University of Southampton (United Kingdom), Stanford, and MIT. Her teaching and research focus on the theory of organizations and incentives. She writes regularly for academic journals. KATHRYN GRADDY is Professor of Applied Economics at the University of Oxford and a Fellow of Exeter College, Oxford, where she regularly teaches introductory microeconomics and macroeconomics to undergraduate students. She received her BA from Tulane University, her MBA from Columbia University, and her PhD from Princeton University. She came to Oxford in 1993 as a Junior Research Fellow of Jesus College, Oxford, and from 1995 to 1998 taught Managerial Economics at the London Business School and has therefore lectured in the UK for over 10 years. Her current research focuses on the economics of art auctions.
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