Nordhaus William D | Samuelson Paul A.: Ekonomija (19.izd.)

Paul A.Samuelson, William D.Nordhaus: Economics

19th edition; student edition

Authors: Paul A. Samuelson and William D. Nordhaus.

EVERY GRADUATE AND GRADUATE STUDENT OWES TO THIS NOBEL WINNER THEIR KNOWLEDGE OF ECONOMICS!

Current and relevant as ever, Samuelson and Nordhaus's Economics continues to set the standard for an introduction to modern economic principles. The 19th edition of this timeless text complements the view of financial markets and monetary policy and addresses the following current topics:
• Gasoline Taxes and Rationing
• CEO Compensation
• The Cost of the Iraq War
• Housing and Loss Aversion
• Financial Disruptions and Business Cycles
• The Poverty Trap
• Financial Globalization
• A Monetary Transmission Mechanism for an Open Economy with Flexible course

The Nineteenth Edition also continues to emphasize the analytical foundation of economics with special attention to economic growth and market economy analysis. Ways of processing concepts, processes and institutions of economic life in the book are presented in a very simple and understandable way. - Examples and graphic representations additionally increase the comprehensibility of the content. The value of the book increases with the fact that P. A. Samuelson is a Nobel Prize winner (back in 1970) and one of the rare economists who could communicate with the wider public about complex and professional problems. Unfortunately, he passed away in 2010 at the age of 94.

Brief Contents:
Central Concepts of Economics
The Modern Mixed Economy
Basic Elements of Supply and Demand
MICROECONOMICS: SUPPLY, DEMAND AND PRODUCT MARKETS:
Supply and Demand: Elasticity and Applications
Demand and Consumer Behavior I
Analysis costs
Analysis of perfectly competitive markets
Imperfect competition and monopoly
Competition among a few
Economics of uncertainty
FACTOR MARKETS: LABOR, LAND AND CAPITAL:
How markets determine incomes
Labor markets
Land, natural resources and the environment
Capital, interest and profits
APPLICATIONS OF ECONOMICS PRINCIPLES:
Government Taxation and Expenditure
Efficiency vs. Equality: The Great Trade-Off
International Trade
MACROECONOMICS: ECONOMIC GROWTH AND BUSINESS CYCLES:
Chapter Nineteen Overview of Macroeconomics
Measuring Economic Activity
Consumption and Investment
Business Cycles and Aggregate Demand
Money and the Financial System
Monetary Policy and the Economy
DEVELOPMENT AND THE GLOBAL ECONOMY:
Economic growth
The challenge of economic development
Exchange rates and the international financial system
Macroeconomics of an open economy
UNEMPLOYMENT, INFLATION AND ECONOMIC POLICY:
Unemployment and the fundamentals of aggregate supply
Inflation
The limits of macroeconomics

Paul A. Samuelson is the founder of the famous postgraduate department of economics at MIT. He was educated at the University of Chicago and at Harvard. Many of his scientific articles at a young age earned him a worldwide reputation. He was the first American to win the Nobel Prize in Economics in 1970. For years, he wrote an economics column in Newsweek and advised President John F. Kennedy on economic issues. He often testifies before Congress and works as a scientific advisor with the US Central Bank, the US Department of Finance and various non-profit organizations.

William D. Nordhaus is one of the prominent American economists. He graduated from Yale and received his doctorate from MIT. He regularly teaches Beginning Economics at Yale and is a member of the Cowles Foundation Research Team in Economics and the National Bureau of Economic Research. His research spans a wide range of topics - including the environment, price measurement, energy, technological change, economic growth, and trends in earnings and productivity.