Includes Glossary and index

Contents: Part One: Introduction to economics and the economy: Limits, alternatives, and choices -- The market system and the circular flow -- Demand, supply and market equilibrium -- The US economy: private and public sectors -- The United States in the global economy -- Part Two: Microeconomics of product markets: Elasticity, consumer surplus and producer surplus -- Consumer behaviour --The costs of production -- Pure competition -- Pure monopoly -- Monopolistic competition and Oligopoly-- Technology, R & D, and efficiency-- Part Three: Microeconomics of resources markets: The Demand for resources-- Wage determination-- Rent, interest and profit -- Natural resources and energy economics -- Part Four: Microeconomics of government: Public goods, externalities and information asymmetries-- Public choice theory and the economics of taxation -- Part Five: Microeconomic issues and policies: Antitrust policy and regulation -- Agriculture: Economics and policy---Income inequality, poverty and discrimination-- Health Care -- Immigration -- Part Six: International economics: International trade.