Includes Index.

Contents: Part one : Introduction to economics and the economy -- 1.Limits ,alternatives,and choices -- 2.The Market system and the circular flow -- Part Two : Price, quantity/and efficiency -- 3. Demand ,supply and market equilibrium -- 4.Market failures: public goods and externalities -- 5.Government,s role and government failure -- Part Three :Consumer behavior -- 6. Elasticity -- 7. Utility maximization -- Behavioral economics -- Part Four : Microeconomics of product markets -- 9 .Businesses and the cost of production -- 10 .Pure competition in the short run -- 11. Pure competition in the long run -- 12 . Pure monopoly -- 13. Monopolistic competition and oligopoly -- Part Five -- Microeconomics of resource markets and government -- 14. The demand for resources -- 15. Wage determination -- 16.Rent,interest and profit -- 17. Natural resource and energy economics 18. Public finance: Expenditures and taxes -- Part Six: Micro economic issues and policies -- 19. Antitrust Policy and regulation -- 20. Agriculture: Economics and policy -- 21. Income inequality,poverty, and discrimination -- 22. Health care -- 23. Immigration -- Part 7. GDP, and Instability -- 24 . An introduction to macroeconomics -- 25. Measuring Domestic Output and national income -- 26. Economic Growth -- 27. Business cycles,unemployment and inflation -- Part Eight -- Macroeconomic models and fiscal policy -- 28. Basic macroeconomic relationships -- 29. The aggregate expenditures model -- 30. Aggregate demand and aggregate supply -- 31. Fiscal policy -- deficits and debt -- Part Nine -- Money,Banking,and monetary policy -- 32. Money,banking and financial institutions -- 33. Money creation -- 34. Interest rates and monetary policy -- Financial economics -- Part Ten: Extensions and issues -- 36. Extending the analysis of aggregate supply -- 37. Current issues in macro theory and policy -- Part eleven : International economics -- 38. International trade 39. The balance of payments,exchange rates and trade deficits.