Basic Economics 16/E

Now in its sixteenth edition, BASIC ECONOMICS delivers a streamlined, straightforward introduction to the fundamentals of macro- and microeconomics, while addressing some of the most stimulating issues affecting the world today. You will engage students with timely discussions of monetary policies and the labor market, as well as the recent financial market collapse and housing crises. This very successful text also presents in a concise, 19-chapter format, which can be covered in single quarter or semester, and includes a wealth of student applications and instructor supplements to assist with course planning and teaching.

1. The Nature and Scope of Economics.
2. Scarcity and Choice.
3. The U.S. Economic System.
4. Price: The Role of Demand and Supply.
5. Production, Cost, and Profit.
6. Perfect Competition.
7. Monopoly.
8. Monopolistic Competition and Oligopoly.
9. The Labor Market, Employment, and Unemployment.
10. Income Distribution.
11. The Circular Flow and National Income Accounts.
12. Business Cycles.
13. Macroeconomic Models and Analysis.
14. Money in the U.S. Economy.
15. The Federal Reserve and the Money Supply.
16. Macroeconomic Policies.
17. Taxation, Budgetary Policy, and the National Debt.
18. International Trade and Aid.
19. The Balance of International Payments.