With the help of over 15 reviewers, this text introduces global perspectives to many discussions. It discusses the impact of technology and e-business on the economic expansion. It features step-by-step approach and encourages active learning.

Steve Slavin's lively and comprehensive student-friendly step-by-step approach, coupled with its low price and built-in Study Guide are very attractive to adopters. Instructors and students like the author's humorous anecdotes, direct language, and easy conversational style. This text encourages active learning. With the help of over 15 reviewers, this new edition is not only more streamlined (33 chapters, instead of 35) and up-to-date, it also introduces global perspectives to many discussions early on and throughout the text. The author discusses the impact of technology and e-business on the recent economic expansion. A new interior design reflects the contemporary flavor that this traditional text possesses.

1 A BRIEF ECONOMIC HISTORY OF THE UNITED STATES 2 RESOURCE UTILIZATION APPENDIX:
THE LAW OF INCREASING COSTS 3 SUPPLY AND DEMAND 4 THE MIXED ECONOMY 5 DEMAND, SUPPLY, AND EQUILIBRIUM 6 THE ELASTICITIES OF DEMAND AND SUPPLY 7 THE THEORY OF CONSUMER BEHAVIOR 8 COST 9 PROFIT MAXIMIZATION 10 PERFECT COMPETITION 11 MONOPOLY 12 MONOPOLISTIC COMPETITION 13 OLIGOPOLY APPENDIX:
THE FOUR TYPES OF COMPETITION:
A REVIEW 14 CORPORATE MERGERS AND ANTITRUST 15 DEMAND IN THE FACTOR MARKET 16 LABOR UNIONS 17 LABOR MARKETS AND WAGE RATES 18 RENT, INTEREST, AND PROFIT 19 INCOME DISTRIBUTION AND POVERTY










20 INTERNATIONAL TRADE 21 INTERNATIONAL FINANCE