Economics
by Samuelson, Paul AnthonyEdition: 18th
Format: Hardcover
Pub. Date: 2004-07-27
Publisher(s): McGraw-Hill/Irwin
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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 Concepts1 The Fundamentals of EconomicsAppendix 1 How to Read Graphs2 Markets and Government in a Modern Economy3 Basic Elements of Supply and DemandPart Two: Microeconomics: Supply, Demand, and Product Markets4 Applications of Supply and Demand5 Demand and Consumer BehaviorAppendix 5 Geometrical Analysis of Consumer Equilibrium6 Production and Business Organization7 Analysis of CostsAppendix 7 Production, Cost Theory, and Decision of the Firm8 Analysis of Perfectly Competitive Markets9 Competition and Its Polar Case of Monopoly 10 Oligopoly and Monopolistic Competition 11 Uncertainty and Game TheoryPart Three: Factor Markets: Labor, Land, and Capital12 How Markets Determine Incomes13 The Labor Market14 Land and CapitalAppendix 14 Markets and Economic EfficiencyPart Four: Applied Microeconomics: International Trade, Government, and the Environment15 Comparative Advantage and Protectionism16 Government Taxation and Expenditure17 Promoting More Efficient Markets18 Protecting the Environment19 Efficiency vs. Equality: The Big TradeoffPart Five: Macroeconomics: Economic Growth and Business Cycles20 Overview of MacroeconomicsAppendix 20 Macroeconomic Data 21 Measuring Economic Activity22 Consumption and Investment23 Business Fluctuations and the Theory of Aggregate Demand24 The Multiplier Model25 Money, Banking, and Financial Markets 26 Central Banking and Monetary PolicyPart Six: Economic Growth and Macroeconomic Policy 27 The Process of Economic Growth28 The Challenge of Economic Development29 Exchange Rates and the International Financial System30 Open-Economy MacroeconomicsPart Seven: Unemployment, Inflation, and Economic Policy31 Unemployment and the Foundations of Aggregate Supply32 Ensuring Price Stability33 The Warring Schools of Macroeconomics34 Policies for Growth and Stability
Appendix 1 How to Read Graphs2 Markets and Government in a Modern Economy3 Basic Elements of Supply and DemandPart Two: Microeconomics: Supply, Demand, and Product Markets4 Applications of Supply and Demand5 Demand and Consumer BehaviorAppendix 5 Geometrical Analysis of Consumer Equilibrium6 Production and Business Organization7 Analysis of CostsAppendix 7 Production, Cost Theory, and Decision of the Firm8 Analysis of Perfectly Competitive Markets9 Competition and Its Polar Case of Monopoly 10 Oligopoly and Monopolistic Competition 11 Uncertainty and Game TheoryPart Three: Factor Markets: Labor, Land, and Capital12 How Markets Determine Incomes13 The Labor Market14 Land and CapitalAppendix 14 Markets and Economic EfficiencyPart Four: Applied Microeconomics: International Trade, Government, and the Environment15 Comparative Advantage and Protectionism16 Government Taxation and Expenditure17 Promoting More Efficient Markets18 Protecting the Environment19 Efficiency vs. Equality: The Big TradeoffPart Five: Macroeconomics: Economic Growth and Business Cycles20 Overview of MacroeconomicsAppendix 20 Macroeconomic Data 21 Measuring Economic Activity22 Consumption and Investment23 Business Fluctuations and the Theory of Aggregate Demand24 The Multiplier Model25 Money, Banking, and Financial Markets 26 Central Banking and Monetary PolicyPart Six: Economic Growth and Macroeconomic Policy 27 The Process of Economic Growth28 The Challenge of Economic Development29 Exchange Rates and the International Financial System30 Open-Economy MacroeconomicsPart Seven: Unemployment, Inflation, and Economic Policy31 Unemployment and the Foundations of Aggregate Supply32 Ensuring Price Stability33 The Warring Schools of Macroeconomics34 Policies for Growth and Stability
3 Basic Elements of Supply and DemandPart Two: Microeconomics: Supply, Demand, and Product Markets4 Applications of Supply and Demand5 Demand and Consumer BehaviorAppendix 5 Geometrical Analysis of Consumer Equilibrium6 Production and Business Organization7 Analysis of CostsAppendix 7 Production, Cost Theory, and Decision of the Firm8 Analysis of Perfectly Competitive Markets9 Competition and Its Polar Case of Monopoly 10 Oligopoly and Monopolistic Competition 11 Uncertainty and Game TheoryPart Three: Factor Markets: Labor, Land, and Capital12 How Markets Determine Incomes13 The Labor Market14 Land and CapitalAppendix 14 Markets and Economic EfficiencyPart Four: Applied Microeconomics: International Trade, Government, and the Environment15 Comparative Advantage and Protectionism16 Government Taxation and Expenditure17 Promoting More Efficient Markets18 Protecting the Environment19 Efficiency vs. Equality: The Big TradeoffPart Five: Macroeconomics: Economic Growth and Business Cycles20 Overview of MacroeconomicsAppendix 20 Macroeconomic Data 21 Measuring Economic Activity22 Consumption and Investment23 Business Fluctuations and the Theory of Aggregate Demand24 The Multiplier Model25 Money, Banking, and Financial Markets 26 Central Banking and Monetary PolicyPart Six: Economic Growth and Macroeconomic Policy 27 The Process of Economic Growth28 The Challenge of Economic Development29 Exchange Rates and the International Financial System30 Open-Economy MacroeconomicsPart Seven: Unemployment, Inflation, and Economic Policy31 Unemployment and the Foundations of Aggregate Supply32 Ensuring Price Stability33 The Warring Schools of Macroeconomics34 Policies for Growth and Stability
4 Applications of Supply and Demand5 Demand and Consumer BehaviorAppendix 5 Geometrical Analysis of Consumer Equilibrium6 Production and Business Organization7 Analysis of CostsAppendix 7 Production, Cost Theory, and Decision of the Firm8 Analysis of Perfectly Competitive Markets9 Competition and Its Polar Case of Monopoly 10 Oligopoly and Monopolistic Competition 11 Uncertainty and Game TheoryPart Three: Factor Markets: Labor, Land, and Capital12 How Markets Determine Incomes13 The Labor Market14 Land and CapitalAppendix 14 Markets and Economic EfficiencyPart Four: Applied Microeconomics: International Trade, Government, and the Environment15 Comparative Advantage and Protectionism16 Government Taxation and Expenditure17 Promoting More Efficient Markets18 Protecting the Environment19 Efficiency vs. Equality: The Big TradeoffPart Five: Macroeconomics: Economic Growth and Business Cycles20 Overview of MacroeconomicsAppendix 20 Macroeconomic Data 21 Measuring Economic Activity22 Consumption and Investment23 Business Fluctuations and the Theory of Aggregate Demand24 The Multiplier Model25 Money, Banking, and Financial Markets 26 Central Banking and Monetary PolicyPart Six: Economic Growth and Macroeconomic Policy 27 The Process of Economic Growth28 The Challenge of Economic Development29 Exchange Rates and the International Financial System30 Open-Economy MacroeconomicsPart Seven: Unemployment, Inflation, and Economic Policy31 Unemployment and the Foundations of Aggregate Supply32 Ensuring Price Stability33 The Warring Schools of Macroeconomics34 Policies for Growth and Stability
Appendix 5 Geometrical Analysis of Consumer Equilibrium6 Production and Business Organization7 Analysis of CostsAppendix 7 Production, Cost Theory, and Decision of the Firm8 Analysis of Perfectly Competitive Markets9 Competition and Its Polar Case of Monopoly 10 Oligopoly and Monopolistic Competition 11 Uncertainty and Game TheoryPart Three: Factor Markets: Labor, Land, and Capital12 How Markets Determine Incomes13 The Labor Market14 Land and CapitalAppendix 14 Markets and Economic EfficiencyPart Four: Applied Microeconomics: International Trade, Government, and the Environment15 Comparative Advantage and Protectionism16 Government Taxation and Expenditure17 Promoting More Efficient Markets18 Protecting the Environment19 Efficiency vs. Equality: The Big TradeoffPart Five: Macroeconomics: Economic Growth and Business Cycles20 Overview of MacroeconomicsAppendix 20 Macroeconomic Data 21 Measuring Economic Activity22 Consumption and Investment23 Business Fluctuations and the Theory of Aggregate Demand24 The Multiplier Model25 Money, Banking, and Financial Markets 26 Central Banking and Monetary PolicyPart Six: Economic Growth and Macroeconomic Policy 27 The Process of Economic Growth28 The Challenge of Economic Development29 Exchange Rates and the International Financial System30 Open-Economy MacroeconomicsPart Seven: Unemployment, Inflation, and Economic Policy31 Unemployment and the Foundations of Aggregate Supply32 Ensuring Price Stability33 The Warring Schools of Macroeconomics34 Policies for Growth and Stability
7 Analysis of CostsAppendix 7 Production, Cost Theory, and Decision of the Firm8 Analysis of Perfectly Competitive Markets9 Competition and Its Polar Case of Monopoly 10 Oligopoly and Monopolistic Competition 11 Uncertainty and Game TheoryPart Three: Factor Markets: Labor, Land, and Capital12 How Markets Determine Incomes13 The Labor Market14 Land and CapitalAppendix 14 Markets and Economic EfficiencyPart Four: Applied Microeconomics: International Trade, Government, and the Environment15 Comparative Advantage and Protectionism16 Government Taxation and Expenditure17 Promoting More Efficient Markets18 Protecting the Environment19 Efficiency vs. Equality: The Big TradeoffPart Five: Macroeconomics: Economic Growth and Business Cycles20 Overview of MacroeconomicsAppendix 20 Macroeconomic Data 21 Measuring Economic Activity22 Consumption and Investment23 Business Fluctuations and the Theory of Aggregate Demand24 The Multiplier Model25 Money, Banking, and Financial Markets 26 Central Banking and Monetary PolicyPart Six: Economic Growth and Macroeconomic Policy 27 The Process of Economic Growth28 The Challenge of Economic Development29 Exchange Rates and the International Financial System30 Open-Economy MacroeconomicsPart Seven: Unemployment, Inflation, and Economic Policy31 Unemployment and the Foundations of Aggregate Supply32 Ensuring Price Stability33 The Warring Schools of Macroeconomics34 Policies for Growth and Stability
8 Analysis of Perfectly Competitive Markets9 Competition and Its Polar Case of Monopoly 10 Oligopoly and Monopolistic Competition 11 Uncertainty and Game TheoryPart Three: Factor Markets: Labor, Land, and Capital12 How Markets Determine Incomes13 The Labor Market14 Land and CapitalAppendix 14 Markets and Economic EfficiencyPart Four: Applied Microeconomics: International Trade, Government, and the Environment15 Comparative Advantage and Protectionism16 Government Taxation and Expenditure17 Promoting More Efficient Markets18 Protecting the Environment19 Efficiency vs. Equality: The Big TradeoffPart Five: Macroeconomics: Economic Growth and Business Cycles20 Overview of MacroeconomicsAppendix 20 Macroeconomic Data 21 Measuring Economic Activity22 Consumption and Investment23 Business Fluctuations and the Theory of Aggregate Demand24 The Multiplier Model25 Money, Banking, and Financial Markets 26 Central Banking and Monetary PolicyPart Six: Economic Growth and Macroeconomic Policy 27 The Process of Economic Growth28 The Challenge of Economic Development29 Exchange Rates and the International Financial System30 Open-Economy MacroeconomicsPart Seven: Unemployment, Inflation, and Economic Policy31 Unemployment and the Foundations of Aggregate Supply32 Ensuring Price Stability33 The Warring Schools of Macroeconomics34 Policies for Growth and Stability
10 Oligopoly and Monopolistic Competition 11 Uncertainty and Game TheoryPart Three: Factor Markets: Labor, Land, and Capital12 How Markets Determine Incomes13 The Labor Market14 Land and CapitalAppendix 14 Markets and Economic EfficiencyPart Four: Applied Microeconomics: International Trade, Government, and the Environment15 Comparative Advantage and Protectionism16 Government Taxation and Expenditure17 Promoting More Efficient Markets18 Protecting the Environment19 Efficiency vs. Equality: The Big TradeoffPart Five: Macroeconomics: Economic Growth and Business Cycles20 Overview of MacroeconomicsAppendix 20 Macroeconomic Data 21 Measuring Economic Activity22 Consumption and Investment23 Business Fluctuations and the Theory of Aggregate Demand24 The Multiplier Model25 Money, Banking, and Financial Markets 26 Central Banking and Monetary PolicyPart Six: Economic Growth and Macroeconomic Policy 27 The Process of Economic Growth28 The Challenge of Economic Development29 Exchange Rates and the International Financial System30 Open-Economy MacroeconomicsPart Seven: Unemployment, Inflation, and Economic Policy31 Unemployment and the Foundations of Aggregate Supply32 Ensuring Price Stability33 The Warring Schools of Macroeconomics34 Policies for Growth and Stability
Part Three: Factor Markets: Labor, Land, and Capital12 How Markets Determine Incomes13 The Labor Market14 Land and CapitalAppendix 14 Markets and Economic EfficiencyPart Four: Applied Microeconomics: International Trade, Government, and the Environment15 Comparative Advantage and Protectionism16 Government Taxation and Expenditure17 Promoting More Efficient Markets18 Protecting the Environment19 Efficiency vs. Equality: The Big TradeoffPart Five: Macroeconomics: Economic Growth and Business Cycles20 Overview of MacroeconomicsAppendix 20 Macroeconomic Data 21 Measuring Economic Activity22 Consumption and Investment23 Business Fluctuations and the Theory of Aggregate Demand24 The Multiplier Model25 Money, Banking, and Financial Markets 26 Central Banking and Monetary PolicyPart Six: Economic Growth and Macroeconomic Policy 27 The Process of Economic Growth28 The Challenge of Economic Development29 Exchange Rates and the International Financial System30 Open-Economy MacroeconomicsPart Seven: Unemployment, Inflation, and Economic Policy31 Unemployment and the Foundations of Aggregate Supply32 Ensuring Price Stability33 The Warring Schools of Macroeconomics34 Policies for Growth and Stability
13 The Labor Market14 Land and CapitalAppendix 14 Markets and Economic EfficiencyPart Four: Applied Microeconomics: International Trade, Government, and the Environment15 Comparative Advantage and Protectionism16 Government Taxation and Expenditure17 Promoting More Efficient Markets18 Protecting the Environment19 Efficiency vs. Equality: The Big TradeoffPart Five: Macroeconomics: Economic Growth and Business Cycles20 Overview of MacroeconomicsAppendix 20 Macroeconomic Data 21 Measuring Economic Activity22 Consumption and Investment23 Business Fluctuations and the Theory of Aggregate Demand24 The Multiplier Model25 Money, Banking, and Financial Markets 26 Central Banking and Monetary PolicyPart Six: Economic Growth and Macroeconomic Policy 27 The Process of Economic Growth28 The Challenge of Economic Development29 Exchange Rates and the International Financial System30 Open-Economy MacroeconomicsPart Seven: Unemployment, Inflation, and Economic Policy31 Unemployment and the Foundations of Aggregate Supply32 Ensuring Price Stability33 The Warring Schools of Macroeconomics34 Policies for Growth and Stability
Appendix 14 Markets and Economic EfficiencyPart Four: Applied Microeconomics: International Trade, Government, and the Environment15 Comparative Advantage and Protectionism16 Government Taxation and Expenditure17 Promoting More Efficient Markets18 Protecting the Environment19 Efficiency vs. Equality: The Big TradeoffPart Five: Macroeconomics: Economic Growth and Business Cycles20 Overview of MacroeconomicsAppendix 20 Macroeconomic Data 21 Measuring Economic Activity22 Consumption and Investment23 Business Fluctuations and the Theory of Aggregate Demand24 The Multiplier Model25 Money, Banking, and Financial Markets 26 Central Banking and Monetary PolicyPart Six: Economic Growth and Macroeconomic Policy 27 The Process of Economic Growth28 The Challenge of Economic Development29 Exchange Rates and the International Financial System30 Open-Economy MacroeconomicsPart Seven: Unemployment, Inflation, and Economic Policy31 Unemployment and the Foundations of Aggregate Supply32 Ensuring Price Stability33 The Warring Schools of Macroeconomics34 Policies for Growth and Stability
15 Comparative Advantage and Protectionism16 Government Taxation and Expenditure17 Promoting More Efficient Markets18 Protecting the Environment19 Efficiency vs. Equality: The Big TradeoffPart Five: Macroeconomics: Economic Growth and Business Cycles20 Overview of MacroeconomicsAppendix 20 Macroeconomic Data 21 Measuring Economic Activity22 Consumption and Investment23 Business Fluctuations and the Theory of Aggregate Demand24 The Multiplier Model25 Money, Banking, and Financial Markets 26 Central Banking and Monetary PolicyPart Six: Economic Growth and Macroeconomic Policy 27 The Process of Economic Growth28 The Challenge of Economic Development29 Exchange Rates and the International Financial System30 Open-Economy MacroeconomicsPart Seven: Unemployment, Inflation, and Economic Policy31 Unemployment and the Foundations of Aggregate Supply32 Ensuring Price Stability33 The Warring Schools of Macroeconomics34 Policies for Growth and Stability
17 Promoting More Efficient Markets18 Protecting the Environment19 Efficiency vs. Equality: The Big TradeoffPart Five: Macroeconomics: Economic Growth and Business Cycles20 Overview of MacroeconomicsAppendix 20 Macroeconomic Data 21 Measuring Economic Activity22 Consumption and Investment23 Business Fluctuations and the Theory of Aggregate Demand24 The Multiplier Model25 Money, Banking, and Financial Markets 26 Central Banking and Monetary PolicyPart Six: Economic Growth and Macroeconomic Policy 27 The Process of Economic Growth28 The Challenge of Economic Development29 Exchange Rates and the International Financial System30 Open-Economy MacroeconomicsPart Seven: Unemployment, Inflation, and Economic Policy31 Unemployment and the Foundations of Aggregate Supply32 Ensuring Price Stability33 The Warring Schools of Macroeconomics34 Policies for Growth and Stability
19 Efficiency vs. Equality: The Big TradeoffPart Five: Macroeconomics: Economic Growth and Business Cycles20 Overview of MacroeconomicsAppendix 20 Macroeconomic Data 21 Measuring Economic Activity22 Consumption and Investment23 Business Fluctuations and the Theory of Aggregate Demand24 The Multiplier Model25 Money, Banking, and Financial Markets 26 Central Banking and Monetary PolicyPart Six: Economic Growth and Macroeconomic Policy 27 The Process of Economic Growth28 The Challenge of Economic Development29 Exchange Rates and the International Financial System30 Open-Economy MacroeconomicsPart Seven: Unemployment, Inflation, and Economic Policy31 Unemployment and the Foundations of Aggregate Supply32 Ensuring Price Stability33 The Warring Schools of Macroeconomics34 Policies for Growth and Stability
20 Overview of MacroeconomicsAppendix 20 Macroeconomic Data 21 Measuring Economic Activity22 Consumption and Investment23 Business Fluctuations and the Theory of Aggregate Demand24 The Multiplier Model25 Money, Banking, and Financial Markets 26 Central Banking and Monetary PolicyPart Six: Economic Growth and Macroeconomic Policy 27 The Process of Economic Growth28 The Challenge of Economic Development29 Exchange Rates and the International Financial System30 Open-Economy MacroeconomicsPart Seven: Unemployment, Inflation, and Economic Policy31 Unemployment and the Foundations of Aggregate Supply32 Ensuring Price Stability33 The Warring Schools of Macroeconomics34 Policies for Growth and Stability
21 Measuring Economic Activity22 Consumption and Investment23 Business Fluctuations and the Theory of Aggregate Demand24 The Multiplier Model25 Money, Banking, and Financial Markets 26 Central Banking and Monetary PolicyPart Six: Economic Growth and Macroeconomic Policy 27 The Process of Economic Growth28 The Challenge of Economic Development29 Exchange Rates and the International Financial System30 Open-Economy MacroeconomicsPart Seven: Unemployment, Inflation, and Economic Policy31 Unemployment and the Foundations of Aggregate Supply32 Ensuring Price Stability33 The Warring Schools of Macroeconomics34 Policies for Growth and Stability
23 Business Fluctuations and the Theory of Aggregate Demand24 The Multiplier Model25 Money, Banking, and Financial Markets 26 Central Banking and Monetary PolicyPart Six: Economic Growth and Macroeconomic Policy 27 The Process of Economic Growth28 The Challenge of Economic Development29 Exchange Rates and the International Financial System30 Open-Economy MacroeconomicsPart Seven: Unemployment, Inflation, and Economic Policy31 Unemployment and the Foundations of Aggregate Supply32 Ensuring Price Stability33 The Warring Schools of Macroeconomics34 Policies for Growth and Stability
25 Money, Banking, and Financial Markets 26 Central Banking and Monetary PolicyPart Six: Economic Growth and Macroeconomic Policy 27 The Process of Economic Growth28 The Challenge of Economic Development29 Exchange Rates and the International Financial System30 Open-Economy MacroeconomicsPart Seven: Unemployment, Inflation, and Economic Policy31 Unemployment and the Foundations of Aggregate Supply32 Ensuring Price Stability33 The Warring Schools of Macroeconomics34 Policies for Growth and Stability
Part Six: Economic Growth and Macroeconomic Policy 27 The Process of Economic Growth28 The Challenge of Economic Development29 Exchange Rates and the International Financial System30 Open-Economy MacroeconomicsPart Seven: Unemployment, Inflation, and Economic Policy31 Unemployment and the Foundations of Aggregate Supply32 Ensuring Price Stability33 The Warring Schools of Macroeconomics34 Policies for Growth and Stability
28 The Challenge of Economic Development29 Exchange Rates and the International Financial System30 Open-Economy MacroeconomicsPart Seven: Unemployment, Inflation, and Economic Policy31 Unemployment and the Foundations of Aggregate Supply32 Ensuring Price Stability33 The Warring Schools of Macroeconomics34 Policies for Growth and Stability
30 Open-Economy MacroeconomicsPart Seven: Unemployment, Inflation, and Economic Policy31 Unemployment and the Foundations of Aggregate Supply32 Ensuring Price Stability33 The Warring Schools of Macroeconomics34 Policies for Growth and Stability
31 Unemployment and the Foundations of Aggregate Supply32 Ensuring Price Stability33 The Warring Schools of Macroeconomics34 Policies for Growth and Stability
33 The Warring Schools of Macroeconomics34 Policies for Growth and Stability
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