Welcome to the support Website for Samuelson/Nordhaus’ Economics, Eighteenth Edition. 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. For example, the book now includes coverage of the new tax laws on dividends, international outsourcing, deflation, NAIRU, and more.

It is our hope that this Website will provide teachers and students alike with tools to enhance their experiences in the course.

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 Equilibrium
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 Competition and Its Polar Case of 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

Part Five: Macroeconomics: Economic Growth and Business Cycles
20 Overview of Macroeconomics
Appendix 20 Macroeconomic Data
21 Measuring Economic Activity
22 Consumption and Investment
23 Business Fluctuations and the Theory of Aggregate Demand
24 The Multiplier Model
25 Money, Banking, and Financial Markets
26 Central Banking and Monetary Policy

Part Six: Economic Growth and Macroeconomic Policy
27 The Process of Economic Growth
28 The Challenge of Economic Development
29 Exchange Rates and the International Financial System
30 Open-Economy Macroeconomics

Part Seven: Unemployment, Inflation, and Economic Policy
31 Unemployment and the Foundations of Aggregate Supply
32 Ensuring Price Stability
33 The Warring Schools of Macroeconomics
34 Policies for Growth and Stability

Welcome to the support Website for Samuelson/Nordhaus’ Economics, Eighteenth Edition. 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. For example, the book now includes coverage of the new tax laws on dividends, international outsourcing, deflation, NAIRU, and more.

It is our hope that this Website will provide teachers and students alike with tools to enhance their experiences in the course.

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 Equilibrium
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 Competition and Its Polar Case of 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

Part Five: Macroeconomics: Economic Growth and Business Cycles
20 Overview of Macroeconomics
Appendix 20 Macroeconomic Data
21 Measuring Economic Activity
22 Consumption and Investment
23 Business Fluctuations and the Theory of Aggregate Demand
24 The Multiplier Model
25 Money, Banking, and Financial Markets
26 Central Banking and Monetary Policy

Part Six: Economic Growth and Macroeconomic Policy
27 The Process of Economic Growth
28 The Challenge of Economic Development
29 Exchange Rates and the International Financial System
30 Open-Economy Macroeconomics

Part Seven: Unemployment, Inflation, and Economic Policy
31 Unemployment and the Foundations of Aggregate Supply
32 Ensuring Price Stability
33 The Warring Schools of Macroeconomics
34 Policies for Growth and Stability