Krugman/Wells takes a story-driven approach that focuses on real-world economics at work. The book offers the hallmark clarity and engaging writing style that distinguish Paul Krugman's work, from his best-selling international economics text to his New York Times best-sellers.
Paul Robin Krugman is an American economist, liberal columnist and author. He is Professor of Economics and International Affairs at the Woodrow Wilson School of Public and International Affairs, Princeton University, Centenary Professor at the London School of Economics, and an op-ed columnist for The New York Times. In 2008, Krugman won the Nobel Memorial Prize in Economics for his contributions to New Trade Theory and New Economic Geography.
It offers a good overview of the basic concepts but the format is perhaps too much that of a handbook, leaving you with little creative study space for extracting definitions, creating summaries, etc. Too much of a good thing.
I don't think I have ever included this in a book review, but the size and choice of paper just made it difficult to handle. So far for reading up in bed, slipping it in your bag, stealing some extra hours by studying on the train. It seems so trivial but over the course of a semester I do notice those things actually do make a difference.
Since the concepts in this books are so basic, I made up for lost study time with Khan Academy, and actually think the courses there could have substituted this book (and the entire semester, for that matter).
On a more positive note: the 'stories' were a great addition I think, really bringing the basics back to the 'real world'.
We were prescribed this text for university-level economics. I would not recommend it for final year high-school economics either. While the substance and material the book entails is okay, it is a cumbersome read laden with an overabundance of case studies and a severe dearth of theory. Furthermore the language of the book (for a university text) is rather half hearted. The writers may suddenly refer to "things" or "stuff" leaving the reader scratching his head on what the writers meant by the vague terms. Did they mean investment? Savings? Capital? Heaven knows.
I was thoroughly disappointed with this text. It should be used for introductory level economics at best.
I had to read this book for my introduction to macroeconomics course and I really enjoyed it. I feel it helped me a lot and Krugman's writing is very engaging, so much so I didn't feel I was studying. It's also very easy to follow if you're paying attention (which some of my friends from the same course had trouble doing) and not too overwhelming for an undergraduate in her first semester in university. I highly recommend this if you're taking a macroeconomics class or if you're just interested in learning more about the subject.
I don't know if it's the end-of-the-school-year burnout, the things going on in my life, or if macroeconomics is just simply not as interesting as microeconomics, but it was hard to get to the ending of this book. I really loved Microeconomics by the same authors, but maybe an entire year of economics has effected my opinion of this Macroeconomics textbook.
I will make one note that the first 5 or 6 chapters of Macroeconomics were word-for-word the same as chapters that were found in the Microeconomics textbook that Paul Krugman and Robin Wells wrote, so be warned about that. I think there should be a discount for buying both, since portions of the books contain the same material.
If you're reading this for fun (which you most likely aren't, lol) I recommend Microeconomics by Krugman and Wells over this Macroeconomics book.
Makro iktisadı anlamak için rehber niteliğinde bir kitap. Günümüzde ekonominin yaşadığı değişimi felsefi boyutta açıklamaktan uzak olsa da, ekonomi alanında benim gibi teknik bilgisi az olan okurlar için güzel bir kitap.
Offers insight into basic modern macroeconomics. Not cluttered with excessive mathematics and provides an abundance of case studies. There is room for more theoretical foundations, but overall, I liked it.
This textbook helped me understand interest rates, inflation, and currency exchange stuff. It's a bit dense (it's a textbook!) but interesting, and it's broken up nicely with real world examples.
not so bad for a text book. liking macro way better than micro. altho i'm not feeling so hot on the final, since i kinda stopped reading this abt a month ago. oops.