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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.
List of contents
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
About the author
Mass Institute of Tech
