Foreword - Economic Science: Fundamental Issues - The US Economy: A Global Perspective - Supply and Demand - The Role of Government - National Income Accounting - Unemployment - Inflation - The Economic Cycle - Aggregate Demand - Self-Regulation or Instability? - Fiscal Policy - Deficits and Debt - Money and Banks - The Federal Reserve System - Monetary Policy - Supply-Side Policy: Short-Term Choices - Growth and Productivity: Long-Term Possibilities - Theory vs. Reality - Consumer Choices - Elasticity - The Cost of Production - The Competitive Firm - Competitive Markets - Monopoly - Oligopoly - Monopolistic Competition - Natural Monopolies: (Deregulation) - Environmental Protection - The Problem of Agricultural Exploitation - The Labor Market - Labor Unions - Financial Markets - Taxes: Equity vs. Efficiency - Fiscal Transfers - International Trade - International Finance - Global Poverty - Glossary - Index of Terms - Reference Tables