Economics uses an evidence-based approach to economics through real economic questions and data to help students learn about the world around them. Taking a fresh approach, the authors use the themes of optimization, equilibrium and empiricism to further illustrate the power of simple economic ideas, and their ability to explain, predict, and improve what happens in the world.

Table of Contents
I. Introduction to Economics

  • 1. The Principles and Practice of Economics
  • 2. Economic Methods and Economic Questions
  • 3. Optimization: Doing the Best You Can
  • 4. Demand, Supply, and Equilibrium

II. Foundations of Microeconomics

  • 5. Consumers and Incentives
  • 6. Sellers and Incentives
  • 7. Perfect Competition and the Invisible Hand
  • 8. Trade
  • 9. Externalities and Public Goods
  • 10. The Government in the Economy: Taxation and Regulation
  • 11. Markets for Factors of Production

III. Market Structure

  • 12. Monopoly
  • 13. Game Theory and Strategic Play
  • 14. Oligopoly and Monopolistic Competition

IV. Extending the Microeconomic Toolbox

V. Introduction to Macroeconomics

VI. Long-Run Growth and Development

VII. Equilibrium in the Macroeconomy

  • 23. Employment and Unemployment
  • 24. Credit Markets
  • 25. The Monetary System

VIII. Short-Run Fluctuations and Macroeconomic Policy

  • 26. Short-run Fluctuations
  • 27. Countercyclical Macroeconomic Policy

IX. Macroeconomics in a Global Economy

Web Chapter 1. Financial Decision Making
Web Chapter 2. Economics of Life, Health, and the Environment
Web Chapter 3. Political Economy