Places emphasis on the intellectual and historical context to which the economic models are applied. This book includes questions from alternate perspectives, end-of-chapter questions that facilitate class discussion of differing views of thought in the discipline, and access to over 250 minutes of videos from Paul Solman of the Lehrer NewsHour.

Written in an informal colloquial style, this student-friendly "Principles of Economics" textbook does not sacrifice intellectual depth in its quest for accessibility. The author's primary concern is to instill "economic sensibility" in the student. Colander emphasizes the intellectual and historical context to which the economic models are applied. This new edition offers improvements to this established and respected text including special questions from alternate perspectives, end-of-chapter questions that facilitate class discussion of differing views of thought in the discipline, and access to over 250 minutes of new videos from Paul Solman of the "Lehrer NewsHour".

I: Introduction: Thinking Like An EconomistChapter 1: Economics and Economic ReasoningChapter 2: Trade, Trade-off's and Government Policy Chapter 3: The Evolving U.S. Economy in Perspective Chapter 4: Supply and DemandChapter 5: Using Supply and DemandII: MicroeconomicsI: Microeconomics: The BasicsChapter 6: Describing Supply and Demand: ElasticitiesChapter 7: Taxation and Government InterventionII: Foundations of Supply and DemandChapter 8: The Logic of Individual Choice: The Foundation of Supply and DemandChapter 9: Production and Cost Analysis IChapter 10: Production and Cost Analysis IIIII: Market Structure and PolicyChapter 11: Perfect CompetitionChapter 12: MonopolyChapter 13: Monopolistic Competition, Oligopoly, and Strategic PricingChapter 14: Real-World Competition and Technology Chapter 15: Antitrust Policy and RegulationIV: Factor MarketsChapter 16: Work and the Labor MarketChapter 17: Who Gets What? The Distribution of IncomeV: Applying Economic Reasoning to PolicyChapter 18: Government Policy and Market FailuresChapter 19: Politics and Economics: The Case of Agriculture MarketsChapter 20: Microeconomic Policy, Economic Reasoning, and BeyondChapter 21: International Trade Policy, Comparative Advantage, and OutsourcingIII: MacroeconomicsI:
Macroeconomic ProblemsChapter 22: Economic Growth, Business Cycles, Unemployment, and InflationChapter 23: National Income AccountingII: The Macroeconomic FrameworkChapter 24: Growth, Productivity, and the Wealth of NationsChapter 25: Aggregate Demand, Aggregate Supply, and Modern MacroeconomicsChapter 26: The Multiplier ModelIII: Money, Inflation, and Monetary PolicyChapter 27: Money, Banking, and the Financial SectorChapter 28: Monetary Policy and the Debate about Macro PolicyChapter 29: Inflation and Its Relationship to Unemployment and Growth IV: Macro Policy in PerspectiveChapter 30: Aggregate Demand Policy in Perspective Chapter 31: Politics, Deficits,and Debt Chapter 32: Macro Policies in Developing Countries V: International Policy IssuesChapter 33: International Financial PolicyChapter 34: Macro Policy in a Global Setting