Includes index.

Part 1. Introduction to Economics -- Part 2. Introduction of Macroeconomics -- Part 3. Determining out and Employment: Keynesian Macroeconomics -- Part 4. Money, Banks, and Economic Activity -- Part 5. Current Issues in the Theory and Policy: Macroeconomics for the 1990's -- Part 6. Demand and Consumer Choice -- Part 7. Markets -- part 8. Factor Markets -- Part 9. Market Failure, Government Failure, Public Choice -- Part 10. The World Economy -- Part 11. Being an Economist.

The fourth edition of a textbook is a challenge-we fully realize the need to keep what users like, to identify those things that need to be changed, and to make the textbook up-to-date and responsive to changing ideas, methods, and interests. In putting together this fourth edition, we have been fortunate to have feedback not only from users of earlier editions but also from over 200 teachers of principles of economics.