Includes bibliographical references and index.

Economics : The Science of everyday life -- Efficiency and allocation in the global economy -- The American economy in a global setting -- Introduction to the demand and supply framework -- Elasticity -- Market efficiency and government intervention -- The Role of consumers and firms: Consumer behavior -- Firm production and cost -- Market structure, pricing and public policy: Perfect competition -- Monopoly -- Monopolistic competition and product differentiation -- Oligopoly -- Antitrust, regulation, and deregulation -- Resource markets, market failure, and public goods: Firms and financial markets -- Labor markets -- Poverty and the distribution of income -- Market failure : public goods and externalities -- International trade and finance: International trade -- International finance.