Includes bibliographical references and index.

Contents: The economic way of thinking -- The economic approach -- Some tools of the economist -- Markets and government -- Supply, demand, and the market process -- Supply and demand: applications and extensions -- Difficult cases for the market, and the role of government -- The economics of collective decision making -- Core macroeconomics -- Taking the nation's economic pulse -- Economic fluctuations, unemployment, and inflation -- An introduction to basic macroeconomic markets -- Dynamic change, economic fluctuations, and the AD-AS model -- Fiscal policy: the Keynesian view and historical perspective -- Fiscal policy: incentives, and secondary effects -- Money and the banking system -- Modern macroeconomics and monetary policy -- Stabilization policy, output, and employment -- Creating an environment for growth and prosperity -- Institutions, policies, and cross-country differences in income and growth -- International economics -- Gaining from international trade -- International finance and the foreign exchange market --
Applying the basics: special topics in economics --