Synopses & Reviews
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 MARKETS Chapter 4 Supply and Demand: Elasticity and Applications Chapter 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 Few Chapter 11 Economics of Uncertainty PART THREE. FACTOR MARKETS: LABOR, LAND, AND CAPITAL Chapter 12 How Markets Determine Incomes Chapter 13 The Labor Market Chapter 14 Land, Natural Resources, and the Environment Chapter 15 Capital, Interest, and Profits PART FOUR. APPLICATIONS OF ECONOMIC PRINCIPLES Chapter 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 Activity Chapter 21 Consumption and Investment Chapter 22 Business Cycles and Aggregate Demand Chapter 23 Money and Financial Markets Chapter 24 Monetary Policy and the Economy PART 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 Inflation Chapter 31 The Frontiers of Macroeconomics