Overview
Main description
Samuelson's text was first published in 1948, and it immediately became the authority for the principles of economics courses. The book continues to be the standard-bearer for principles courses, and this revision continues to be a clear, accurate, and interesting introduction to modern economics principles. Bill Nordhaus is now the primary author of this text, and he has revised the book to be as current and relevant as ever.
Table of contents
PART ONE BASIC CONCEPTS Chapter 1 The Central Concepts of Economics Chapter 2 The Modern Mixed Economy Chapter 3 Basic Elements of Supply and Demand PART TWO MICROECONOMICS: SUPPLY, DEMAND, AND PRODUCT MARKETSChapter 4 Supply and Demand: Elasticity and ApplicationsChapter 5 Demand and Consumer Behavior Chapter 6 Production and Business Organization Chapter 7 Analysis of Costs Chapter 8 Analysis of Perfectly Competitive Markets Chapter 9 Imperfect Competition and Monopoly Chapter 10 Competition Among the FewChapter 11 Economics of UncertaintyPART THREE. FACTOR MARKETS: LABOR, LAND, AND CAPITALChapter 12 How Markets Determine IncomesChapter 13 The Labor Market Chapter 14 Land, Natural Resources, and the EnvironmentChapter 15 Capital, Interest, and ProfitsPART FOUR. APPLICATIONS OF ECONOMIC PRINCIPLESChapter 16 Government Taxation and Expenditure Chapter 17 Efficiency vs. Equality: The Big Tradeoff Chapter 18 International Trade PART FIVE. MACROECONOMICS: ECONOMIC GROWTH AND BUSINESS CYCLES Chapter 19 Overview of Macroeconomics Chapter 20 Measuring Economic ActivityChapter 21 Consumption and Investment Chapter 22 Business Cycles and Aggregate Demand Chapter 23 Money and Financial MarketsChapter 24 Monetary Policy and the EconomyPART SIX. GROWTH, DEVELOPMENT, AND THE GLOBAL ECONOMY Chapter 25 Economic Growth Chapter 26 The Challenge of Economic Development Chapter 27 Exchange Rates and the International Financial System Chapter 28 Open-Economy Macroeconomics PART SEVEN. UNEMPLOYMENT, INFLATION, AND ECONOMIC POLICY Chapter 29 Unemployment and the Foundations of Aggregate Supply Chapter 30 InflationChapter 31 The Frontiers of Macroeconomics
