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| About the book |
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. |
| Key features |
¿executive compensation (Ch. 6) ¿the cost of the war in Iraq (Ch. 7) ¿housing and loss aversion (Ch. 9) ¿public policies toward monopolistic abuses, including revised discussions of regulation and antitrust policies (Ch. 10) ¿a new section on insurance (Ch. 11) ¿Stolper-Samuelson theory (Ch. 18) ¿a discussion of financial disturbances and business cycles (Ch. 22) ¿a diagram with the poverty trap, which shows an important example of multiple equilibria (Ch. 26) ¿a diagram presenting spreads on emerging market securities to emphasize the role of financial globalization (Ch. 26) ¿improved explanation of the monetary transmission mechanism for the open economy with flexible rates (Ch. 28) |
| 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 MACROECONOMICS: ECONOMIC GROWTH AND BUSINESS CYCLES Chapter 4 Overview of Macroeconomics Chapter 5 Measuring Economic Activity Chapter 6 Consumption and Investment Chapter 7 Business Cycles and Aggregate Demand Chapter 8 Capital, Interest, and Profits Chapter 9 Money and Financial Markets Chapter 10 Monetary Policy and the Economy PART THREE GROWTH, DEVELOPMENT, AND THE GLOBAL ECONOMY Chapter 11 Economic Growth Chapter 12 The Challenge of Economic Development Chapter 13 Exchange Rates and the International Financial System Chapter 14 Open-Economy Macroeconomics PART FOUR UNEMPLOYMENT, INFLATION, AND ECONOMIC POLICY Chapter 15 Unemployment and the Foundations of Aggregate Supply Chapter 16 Inflation Chapter 17 The Frontiers of Macroeconomics |
