Microeconomics

by Samuelson, Paul A.; Nordhaus, William D.

• ISBN13: 9780072872071
• ISBN10: 0072872071
• Edition: 18th
• Format: Paperback
• Copyright: 2004-07-28
• Publisher: McGraw-Hill/Irwin

Summary

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

1 The Fundamentals of Economics

Appendix 1 How to Read Graphs

2 Markets and Government in a Modern Economy

3 Basic Elements of Supply and Demand

Part Two: Microeconomics: Supply, Demand, and Product Markets

4 Applications of Supply and Demand

5 Demand and Consumer Behavior

Appendix 5 Geometrical Analysis of Consumer Equilibrium

6 Production and Business Organization

7 Analysis of Costs

Appendix 7 Production, Cost Theory, and Decision of the Firm

8 Analysis of Perfectly Competitive Markets

9 Imperfect Competition and Monopoly

10 Oligopoly and Monopolistic Competition

11 Uncertainty and Game Theory

Part Three: Factor Markets: Labor, Land, and Capital

12 How Markets Determine Incomes

13 The Labor Market

14 Land and Capital

Appendix 14 Markets and Economic Efficiency

Part Four: Applied Microeconomics: International Trade, Government, and the Environment

15 Comparative Advantage and Protectionism

16 Government Taxation and Expenditure

17 Promoting More Efficient Markets

18 Protecting the Environment

19 Efficiency vs. Equality: The Big Tradeof