Microeconomics

by Samuelson, Paul; Nordhaus, William

• ISBN13: 9780073344232
• ISBN10: 0073344230
• Edition: 19th
• Format: Paperback
• Copyright: 2009-04-10
• Publisher: McGraw-Hill Education

Summary

Samuelsons 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

Basic Concepts

The Central Concepts of Economics

The Modern Mixed Economy

Basic Elements of Supply and Demand

Microeconomics: Supply, Demand, And Product Markets

Supply and Demand: Elasticity and Applications

Demand and Consumer Behavior

Production and Business Organization

Analysis of Costs

Analysis of Perfectly Competitive Markets

Imperfect Competition and Monopoly

Competition Among the Few

Economics of Uncertainty

Factor Markets: Labor, Land, And Capital

How Markets Determine Incomes

The Labor Market

Land, Natural Resources, and the Environment

Capital, Interest, and Profits

Applications Of Economic Principles

Government Taxation and Expenditure

Efficiency vs. Equality: The Big Tradeoff

International Trade

Macroeconomics: Economic Growth And Business Cycles

Overview of Macroeconomics

Measuring Economic Activity

Consumption and Investment

Business Cycles and Aggregate Demand

Money and Financial Markets

Monetary Policy and the Economy

Growth, Development, And The Global Economy

Economic Growth

The Challenge of Economic Development

Exchange Rates and the International Financial System

Open-Economy Macroeconomics

Unemployment, Inflation, And Economic Policy

Unemployment and the Foundations of Aggregate Supply

Inflation

The Frontiers of Macroeconomics

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