Economics 20th Edition By Paul A Samuelson

Publisher: ECONOMICS

Availability: In Stock
SKU: 46274
Number of Pages: 504

Rs.490.00

Rs.695.00

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Description
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Description

Economics 20th Edition by Paul A. Samuelson and William D. Nordhaus is a seminal textbook that continues to be a cornerstone in the field of economics education worldwide. It offers comprehensive coverage of both microeconomic and macroeconomic principles, providing students with a solid foundation in economic theory and its practical applications.

Key Points

Foundational Principles: The textbook introduces fundamental economic concepts such as supply and demand, utility theory, and market structures.
Historical Context: It explores the historical evolution of economic thought from classical to modern theories, highlighting key economists and their contributions.
Microeconomic Analysis: Detailed examination of individual economic agents, including consumers, firms, and markets, emphasizing decision-making processes.
Macroeconomic Theory: Analysis of aggregate economic phenomena such as inflation, unemployment, economic growth, and fiscal policy.
Policy Implications: Discussion on the role of government intervention in markets, covering topics like taxation, regulation, and welfare economics.
Global Perspective: Insights into international trade, exchange rates, and globalization, addressing economic interdependencies among nations.
Contemporary Issues: Exploration of current economic challenges such as income inequality, environmental sustainability, and technological innovation.
Mathematical Applications: Integration of mathematical models to illustrate economic concepts and facilitate quantitative analysis.
Empirical Evidence: Use of real-world data and case studies to support theoretical frameworks and validate economic hypotheses.
Educational Impact: Reflects on the textbook's influence on economic education globally, fostering critical thinking and analytical skills among students.

In conclusion, Economics 20th Edition remains a definitive guide for understanding the complexities of economic systems, offering a blend of theoretical rigor and practical relevance essential for both students and practitioners in the field.

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