Includes index and glossary.

Contents: Introduction: Ten principles of economics -- Thinking like an economist -- Interdependence and the gains from trade-- The market forces of supply and demand -- Elasticity and its application -- Consumers, producers, and the efficiency of markets -- Application: the costs of taxation -- Application: International trade -- Measuring a nation's income -- Measuring the cost of living -- Production and growth -- Saving, investment and the financial system -- The basic tools of finance -- Unemployment -- The monetary system -- Money growth and inflation -- Open-economy macroeconomics: Basic concepts -- A macroeconomic theory of the open economy -- Aggregate demand and aggregate supply -- The influence of monetary and fiscal policy on aggregate demand -- The short-run tradeoff between inflation and unemployment -- Five debates over macroeconomic policy.