Author: Paul Krugman & Robin Wells
Synopsis by Kazi Aiman Udoy
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An economics textbook could and ought to be built around narratives, that it ought never to dismiss the way that economics is, in the end, a bunch of stories about what individuals do. In this book, Paul Krugman Robin Wells described the essential and most crucial macroeconomics factors. If you are facing difficulties in understanding the macroeconomic concepts, then this book is for you.
Many of the story’s economists take from the models— whatever models they are; economic models are stories about how the world works. But Krugman and Robin believed that if they were presented, as much as possible, in the context of stories about the real world, reports that both illustrate economic concepts and touch on the concerns we all face as individuals living in a world shaped by economic forces, students’ understanding of and appreciation for models would be significantly enhanced. Those stories have been integrated into this book nicely.
This is a book about economics investigating what individuals do and how they associate, an examination particularly educated by true insight. Each chapter assembles instinct intuition through real-life examples. In every chapter, they use real-world examples, stories, applications, and case studies to teach the core concepts and motivate students to learn. The ideal approach to present ideas and build up them is through realistic examples; students can essentially relate them more effectively.
Chapters are open and engaging. They use a fluid and friendly writing style to make concepts accessible, and whenever possible, we use examples that are familiar to students. This book will help build foundations for anyone from any background, especially those who have a great passion for macroeconomics.