Book Description: Known for clarity, patience, balance and step-by-step presentations of difficult topics, "Economics" has defined excellence among textbooks and remains the best-selling Priciples of Economics Text. In this new edition, the authors have continued to consolidate material, keeping the text among the shortest available, while focusing on three primary areas of change: internationalization and thorough updating of the presentation; a comprehensive restructuring of macroecomonics; and the addition of new pedagogical features to help students get the most from every chapter. New coverage includes two new chapters: the United States in the global economy and health care economics. Many new "Last Word" mini-readings on topics such as Cuba's declining production possibilities, ticket scalping, the use of the dollar around the world, the DeBeer's diamond monopoly, physicians vs. economists on health care reform, and China as an emerging economic power have been added. In addition, the text will now feature new global perspective charts and tables in most chapters, comparing the US economy to other economies.
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