Includes index and reference.

Custom edition: Louisiana State University Baton Rouge

Contents: Distinguishing features -- Economics and economic reasoning -- The Production possibility model, trade and globalization -- Supply and demand -- Using supply and demand -- Describing supply and demand: elasticities -- Taxation and government intervention -- Production and cost analysis -- Perfect competition -- Monopoly and monopolistic competition -- Market failure versus government failure -- Economic growth, business cycles and unemployment -- Jobs and unemployment -- Measuring and describing the aggregate economy -- Monetary policy -- Comparative advantage, exchange rates and globalization -- The Keynesian short-run policy model: demand-side policies -- Deficits and debt: the austerity debate --