Content Discussion Updated Throughout: Samuelson/Nordhaus 18e contains new and updated discussion and topics throughout. Some of these additions of current coverage include minimum wage, an explanation of behavior economics, the new tax laws on dividends, discussion of accounting and “financial finagling” and the rise and fall of Enron, international outsourcing, war and unemployment, the total expenditure curve, a discussion of deflation, a discussion of NAIRU, and treatment of the economics of debt and deficits.
Data Updated Throughout: The author has worked carefully to update data throughout the book with the very latest economic data.
Money, Banking and Financial Markets Chapter 25 Heavily Revised: The chapter on Money, Banking, and Financial Markets has been significantly rewritten. The chapter now includes a new first section of modern financial markets, revised sections on the analysis of money, on the analysis of money and the creation of money, and a substantially improved section on the stock market. Because of the tremendous amount of change in what’s happening in these areas since the last edition, these important revisions ensure the book remains relevant for today’s students.
European Monetary Union Section Completely Revised: The section in Chapter 30 that deals with the E.U. has been completely updated to reflect the many events and changes that have taken place since the book last came out.
Study Guide Online: The study guide is available exclusively online, making it more affordable for students. It can be purchased online or packaged with a text via code card.