Economics (Upper and Lower)

Author: Samuelson (USA), Nordhaus (USA), translated by Hu Daoguang et al.
Publisher:
Publish Date: 1998-12-01
Features: Economics is a dynamic science—fully reflecting the changes in economic affairs, environments, the global economy, and social trends. This book is structured around the subject it examines. Each chapter has been timely improved to align economic analysis with policy. The main changes are as follows:
1. Microeconomic Opening. The primary change in this edition is altering the fundamental structure of the textbook, placing microeconomics before macroeconomics.
2. Reconstituted Presentation. In the microeconomic chapters, a significant amount of institutional material less relevant to understanding modern economics has been removed. In the macroeconomic chapters, many sections have been reorganized to focus more clearly on the determination of short-term output and economic growth. The macroeconomic chapters begin with a comprehensive development of aggregate demand theory, followed by the exploration of aggregate supply theory, and then integrate the two. Chapters on macroeconomic policy have been moved to the end of the book to allow for sufficient analytical tools to address various challenges faced by nations.
3. Rediscovery of Markets. Around the world, countries are discovering the power of markets as a tool for allocating resources.
4. Reduced Content. Cultivate an informed citizenry and a new generation of economists at the lowest possible cost. Some chapters have been removed, and many appendices and sections have been bid farewell with regret.
5. Integration of Growth Theory into Macroeconomics.
6. Emphasis on Open Economies.
7. Microeconomic Foundations of Macroeconomics.
8. Comparative Analysis of Modern Macroeconomics.
9. Games and Uncertainty.
10. Emphasis on History and Policy.
11. Improved Explanations for Each Chapter.