This thoroughly updated new edition of this title draws on a wealth of captivating applications to show readers how economics shed light on business, politics, world affairs, and everyday life.

Each chapter contains a brief chapter overview and point-by-point review; a Zeroing In section focusing on key concepts and graphs; an Active Review testing students' factual understanding of the chapter; and a Working It Out section with step-by-step analysis of problems. Comprehensive multiple choice self-tests follow up on each Part in the text.

A significant new edition of a text that offers both tools and sample applications; extensive revisions and seven new chapters improve and expand upon the original treatment.