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Economics By Paul A. Samuelson

Economics

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The 14th edition of this text focuses on the power of the market and gives special attention to the changes in Eastern Europe. Emphasis is placed on the open economy with continued increase in global economics and the interaction between international trade and domestic economic events.

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Economics Summary


Economics: An Introductory Analysis by Paul A. Samuelson

The 14th editon of this text is based on the results of extensive research and features some major changes. Microeconomics is now covered before macroeconomics to encourage the concepts of "microeconomic foundations". There is a focus on rediscovering the power of the market, giving special attention to the changes in Eastern Europe. The book places emphasis on the open economy with continued increase in global economics and the interaction between international trade and domestic economic events. It aims to present a balanced treatment of all the major schools of modern macroeconomic theories, using real world experiences and policies to illustrate the fundamentals of economic principles. Also available: instructor's manual (ISBN 0-07-054887-0); study guide (ISBN 0-07-054889); "Microeconomics" (ISBN 0-07-054890-0); "Macroeconomics" (ISBN 0-07-054892-7); and OHT's (ISBN 0-07-074504-8).

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Table of Contents


Part 1 Basic concepts: basic problems of economic organization; markets and government in a modern economy; basic elements of supply and demand. Part 2 Microeconomics: supply, demand and product markets; supply and demand in individual markets; demand and consumer behaviour; production and business organization; analysis of costs; supply and pricing in competitive markets; marginal revenue and monopoly; oligopoly and monopolistic competition; uncertainty and games in economic behaviour. Part 3 Wages, rent and profits: the distribution of income; incomes and the pricing factors of production; wages and the labour market; labour unions and collective bargaining; land, natural resources and capital. Part 4 Efficiency, equity and government: markets and economic efficiency; government and the economy; government taxation and expenditure; curbing market power - regulation and antitrust policies; income distribution and the struggle against poverty; the winds of change - the triumph of the market. Part 5 Fundamental concepts of macroeconomics: overview of macroeconomics; measuring national output and income; consumption and investment; fundamentals of aggregate supply and demand; the multiplier model; money and commercial banking; central banking and monetary policy. Part 6 Aggregate supply and macroeconomics policy: economic growth; business cycles and unemployment; the cost of inflation; inflation and unemployment; fiscal policy, deficits and the government debt; issues in economic stabilization. Part 7 International trade and the world economy: international trade and the theory of comparative advantage; protectionism 1nd free trade' the economics of developing countries; exchange rates and the international financial system.

Additional information

GOR002769958
Economics: An Introductory Analysis by Paul A. Samuelson
Paul A. Samuelson
Used - Very Good
Hardback
McGraw-Hill Education - Europe
1992-05-31
704
0071128115
9780071128117
N/A
Book picture is for illustrative purposes only, actual binding, cover or edition may vary.
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