Krugman's Economics for the AP* Course (High School)

Module 23 The Definition and Measurement of Money


Module 24 The Time Value of Money


Module 25 Banking and Money Creation


Module 26 The Federal Reserve System: History and Structure


Module 27 The Federal Reserve System: Monetary Policy


Module 28 The Money Market


Module 29 The Market for Loanable Funds


Economics by Example: How Should We Wield the Tool of Monetary Policy?


Section 6 Inflation, Unemployment, and Stabilization Policies


Module 30 Long-Run Implications of Fiscal Policy: Deficits and the Public Debt


Module 31 Monetary Policy and the Interest Rate


Module 32 Money, Output, and Prices in the Long Run


Module 33 Types of Inflation, Disinflation, and Deflation


Module 34 Inflation and Unemployment: The Phillips Curve


Module 35 History and Alternative Views of Macroeconomics


Module 36 Consensus and Conflict in Modern Macroeconomics


Economics by Example: Will Technology Put Everyone Out of Work? Unemployment, Creative Destruction, and Quality of Life


Section 7 Economic Growth and Productivity


Module 37 Long-Run Economic Growth


Module 38 Productivity and Growth


Module 39 Growth Policy: Why Economic Growth Rates Differ


Module 40 Economic Growth in Macroeconomic Models


Economics by Example: Why Are Some Countries Rich and Others Poor? Growth Models, Miracles, and the Determinants of Economic Development


Section 8 The Open Economy: International Trade and Finance


Module 41 Capital Flows and the Balance of Payments


Module 42 The Foreign Exchange Market


Module 43 Exchange Rate Policy and Macroeconomic Policy


Module 44 Barriers to Trade


Module 45 Putting It All Together


Economics by Example: Is Globalization a Bad Word? Comparative Advantage, Culture Clashes, and International Organizations


Section 9 Behind the Demand Curve: Consumer Choice


Module 46 Income Effects, Substitution Effects, and Elasticity


Module 47 Interpreting Price Elasticity of Demand


Module 48 Other Important Elasticities


Module 49 Consumer and Producer Surplus


Module 50 Efficiency and Deadweight Loss


Module 51 Utility Maximization


Economics by Example: "Why Was the Great Newspaper Heist So Easy?


Section 10 Behind the Supply Curve: Profit, Production, and Costs


Module 52 Defining Profit


Module 53 Profit Maximization


Module 54 The Production Function


Module 55 Firm Costs


Module 56 Long-Run Costs and Economies of Scale


Module 57 Introduction to Market Structure


Economics by Example: "Could the Future Cost of Energy Change Life as We Know It?"


Section 11 Market Structures: Perfect Competition and Monopoly


Module 58 Introduction to Perfect Competition


Module 59 Graphing Perfect Competition


Module 60 Long-Run Outcomes in Perfect Competition


Module 61 Introduction to Monopoly


Module 62 Monopoly and Public Policy


Module 63 Price Discrimination


Economics by Example: "Is Adam Smith Rolling Over in His Grave?"


Section 12 Market Structures: Imperfect Competition


Module 64 Introduction to Oligopoly


Module 65 Game Theory


Module 66 Oligopoly in Practice


Module 67 Introduction to Monopolistic Competition


Module 68 Product Differentiation and Advertising


Economics by Example: "Immigration: How Welcoming Should Lady Liberty Be?"



Section 13 Market Failure and the Role of the Government


Module 74 Introduction to Externalities


Module 75 Externalities in Markets for Goods and Services


Module 76 Public Goods


Module 77 Public Policy to Promote Competition


Module 78 Income Inequality and Income Distribution


Economics by Example: "Why Not Split the Check?"


Section 14 Market Failure and the Role of Government


Module 74 Introduction to Externalities


Module 75 Externalities and Public Policy


Module 76 Public Goods


Module 77 Public Policy to Promote Competition


Module 78 Income Inequality and Income Distribution


Economics by Example: "Why Not Split the Check?"


AP Practice Exams


Enrichment Modules


Module A: Financial Markets and Crises


Module B: Behavioral Economics


Module C: The Economics of Information


Module D: Indifference Curves and Consumer Choice


Financial Literacy Handbook


Glossary/Glosario


Index