Includes index.

Basic concepts -- Measuring the macroeconomics -- Basic macroeconomic theory and fiscal policy -- Money and the complete macro model -- The U.S. experience -- A worldwide view -- Households and firms -- Markets for good -- Markets for resources -- Government in the microeconomy

This text aims to introduce the beginning student to the ... theoretical knowledge that economists possess. It also illustrates the usefulness of economic theory with a wealth of applications ... This text takes the "internation evolution" a step further by covering such topics as comparative advantage, the strategic trade model, and exchange rate theory early in the text ... and then integrating the use of these ideas throughout.-Pref. [Cont. from TofC] Perfectly competitive labor markets; Imperfectly competitive labor markets; Markets for natural and capital resources; Personal distribution of income, riches vs. poverty -- Government in the microeconomy: Antitrust policy; Regulation; Externalities and environmental economics; Public goods and public choices; Redistribution of income -- Glossary.