Electron and photon confinement in semiconductor nanostructures is one of the most active areas in solid state research. Written by leading experts in solid state physics, this book provides both a comprehensive review as well as a excellent introduction to fundamental and applied aspects of light-matter coupling in microcavities. Topics covered include parametric amplification and polariton liquids, quantum fluid and non-linear dynamical effects and parametric instabilities, polariton squeezing, Bose-Einstein condensation of microcavity polaritons, spin dynamics of exciton-polaritons, polariton correlation produced by parametric scattering, progress in III-nitride distributed Bragg reflectors using AlInN/GaN materials, high efficiency planar MCLEDs, exciton-polaritons and nanoscale cavities in photonic crystals, and MBE growth of high finesse microcavities.