Includes index.

Contents: Economics and economic reasoning -- Trade, trade-offs and government policy -- The Evolving U.S. economy in perspective -- Supply and demand -- Using supply and demand -- Describing supply and demand elasticities -- Taxation and government intervention -- The Logic of individual choice -- Production and cost analysis -- Perfect competition -- Monopoly -- Monopolistic competition, oligopoly and strategic pricing -- Real world competition and technology -- Antitrust policy and regulation -- Work and the labour market -- Government policy and market failures -- Politics and economics -- Microeconomic policy, economic reasoning and beyond -- International trade policy, comparative advantage and outsourcing.