Samuelson's text was first published in 1948, and it immediately became the authority for the principles of economics courses. The book remains 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 Equillbrium 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 Tradeoff.
