Offers an introduction to the principles of economics courses.
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.
Professor Paul A. Samuelson, founder of the renowned MIT graduate department of economics, was trained at the University of Chicago and Harvard. His many scientific writings brought him world fame at a young age, and in 1970 he was the first American to receive a Nobel Prize in economics. One of those rare scientists who can communicate with the lay public, Professor Samuelson wrote an economics column for Newsweek for many years. He testifies often before Congress, serves as academic consultant to the Federal Reserve, the U.S. Treasury, and various private, nonprofit organizations, and was ec
PART ONE BASIC CONCEPTS
Chapter 1The Central Concepts of Economics
Chapter 2The Modern Mixed Economy Chapter 3Basic Elements of Supply and Demand
PART TWOMICROECONOMICS: SUPPLY, DEMAND, AND PRODUCT MARKETS
Chapter 4Supply and Demand: Elasticity and Applications
Chapter 5Demand and Consumer Behavior
Chapter 6Production and Business Organization
Chapter 7Analysis of Costs
Chapter 8Analysis of Perfectly Competitive Markets Chapter 9Imperfect Competition and Monopoly
Chapter 10Competition Among the Few Chapter 11Economics of Uncertainty
PART THREE. FACTOR MARKETS: LABOR, LAND, AND CAPITAL
Chapter 12How Markets Determine Incomes
Chapter 13The Labor Market
Chapter 14Land, Natural Resources, and the Environment Chapter 15Capital, Interest, and Profits
PART FOUR.APPLICATIONS OF ECONOMIC PRINCIPLES
Chapter 16Government Taxation and Expenditure
Chapter 17Efficiency vs. Equality: The Big Tradeoff
Chapter 18International Trade
PART FIVE. MACROECONOMICS: ECONOMIC GROWTH AND BUSINESS CYCLES
Chapter 19Overview of Macroeconomics
Chapter 20Measuring Economic Activity Chapter 21Consumption and Investment
Chapter 22Business Cycles and Aggregate Demand
Chapter 23Money and Financial Markets Chapter 24Monetary Policy and the Economy
PART SIX. GROWTH, DEVELOPMENT, AND THE GLOBAL ECONOMY
Chapter 25 Economic Growth
Chapter 26The Challenge of Economic Development
Chapter 27Exchange Rates and the International Financial System
Chapter 28Open-Economy Macroeconomics
PART SEVEN. UNEMPLOYMENT, INFLATION, AND ECONOMIC POLICY
Chapter 29Unemployment and the Foundations of Aggregate Supply
Chapter 30Inflation Chapter 31The Frontiers of Macroeconomics
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