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The greatest explainers of economics tackle the one-semester course. Nobel prize winning economist Paul Krugman and his co-author Robin Wells will help students to truly understand how Micro- and Macroeconomic concepts play out in our world. Thoroughly updated throughout, the fifth edition offers updated graphs and changes in every chapter in the text, 9 new chapter-opening stories, 12 new Business cases, and 20 new Economics in Action applications.