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.
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 MICROECONOMICS: SUPPLY, DEMAND, AND PRODUCT MARKETS
Chapter 4 Supply and Demand: Elasticity and Applications
Chapter 5 Demand and Consumer Behavior
Chapter 6 Production and Business Organization
Chapter 7 Analysis of Costs
Chapter 8 Analysis of Perfectly Competitive Markets
Chapter 9 Imperfect Competition and Monopoly
Chapter 10 Competition Among the Few
Chapter 11 Economics of Uncertainty
PART THREE FACTOR MARKETS: LABOR, LAND, AND CAPITAL
Chapter 12 How Markets Determine Incomes
Chapter 13 The Labor Market
Chapter 14 Land, Natural Resources, and the Environment
Chapter 15 Capital, Interest, and Profits
PART FOUR APPLICATIONS OF ECONOMIC PRINCIPLES
Chapter 16 Government Taxation and Expenditure
Chapter 17 Efficiency vs. Equality: The Big Tradeoff
Chapter 18 International Trade