Includes bibliographical references and indexes.

Contents: Microeconomic analysis: Elasticity -- Efficiency and equity -- Markets in action -- Organizing production -- Output and costs -- Market structure and macroeconomic analysis: Perfect competition -- Monopoly -- Monopolistic competition and oligopoly -- Markets for factors of production -- Monitoring jobs and the price level -- Aggregate supply and aggregate demand -- Monetary and fiscal economics: Money, the price level and inflation -- U.S. inflation, unemployment and business cycles -- Fiscal policy -- Monetary policy -- An overview of central banks -- Contents: Microeconomic analysis: Elasticity -- Efficiency and equity -- Markets in action -- Organizing production -- Output and costs -- Market structure and macroeconomic analysis: Perfect competition -- Monopoly -- Monopolistic competition and oligopoly -- Markets for factors of production -- Monitoring jobs and the price level -- Aggregate supply and aggregate demand -- Monetary and fiscal economics: Money, the price level and inflation -- U.S. inflation, unemployment and business cycles -- Fiscal policy -- Monetary policy -- An overview of central banks --