Includes index.

"Over the years, numerous instructors have requested a short, one-semester version of Economics that would cover both microeconomics and macroeconomics. While some other two-semester books simply eliminate chapters, renumber those that remain, and offer the "cut and splice" version as a customized book, this methodology does not fit with our vision of a tightly focused, highly integrated book. We built this text from scratch, incorporating the core content from Economics in a format designed specifically for the one-semester course. This book has the clear and careful language and the balanced approach that has made its two-semester counterpart a best-seller, but the pedagogy and topic discussion are much better suited to the needs of the one-semester course. We think Essentials of Economics will fit nicely in various one-term courses. It is sufficiently lively and focused for use in principles courses populated primarily by non-business majors. Also, it is suitably analytical and comprehensive for use in combined micro and macro principles courses for business and potential economics majors. Finally, we think this book-if supplemented with appropriate lecture and reading assignments-will work well in refresher courses for students returning to MBA programs"-- Provided by publisher.