The goal of this has always been to provide students with a solid introduction to the economic issues facing the world today, the methods economists use to study those issues, and the policy problems that those issues create. This edition includes updated information on such key economic issues as health care, distribution of income, unemployment, labor, and monetary policy. *Each chapter includes a summary, list of topics for review, and discussion questions. The questions are designed for class discussions or quizzes. *Appendixes contain optional material which can augment the text material. *Mathematical notes are collected in a separate section at the end of the book. *Applications provide examples of how theoretical material relates to the real world.