Written in an informal colloquial style, this student-friendly Principles of Economics textbook does not sacrifice intellectual depth in its quest for accessibility. The author’s primary concern is to instill “economic sensibility” in the student. Colander emphasizes the intellectual and historical context to which the economic models are applied. The seventh edition has been significantly revised to make it simpler, shorter, more organized and more applicable to the real world.

Table of Contents
   
I: Introduction: Thinking Like An Economist
Chapter 1: Economics and Economic Reasoning
Chapter 2: The Production Possibility Model, Trade, and Globalization.
Chapter 3: Economic institutions
Chapter 4: Supply and Demand
Chapter 5: Using Supply and Demand
II: Microeconomics
I: Microeconomics: The Basics
Chapter 6: Describing Supply and Demand: Elasticities
Chapter 7: Taxation and Government Intervention
II: Foundations of Supply and Demand
Chapter 8: The Logic of Individual Choice: The Foundation of Supply and Demand
Chapter 9: Production and Cost Analysis I
Chapter 10: Production and Cost Analysis II
III: Market Structure
Chapter 11: Perfect Competition
Chapter 12: Monopoly
Chapter 13: Monopolistic Competition and Oligopoly IV: Real World Competition
Chapter 14: Game Theory, Strategic Decisions Marking,and Behavioral Economics
Chapter 15: Real-World Competition and Technology
Chapter 16: Antitrust Policy and Regulation
V: Factor Markets
Chapter 17: Work and the Labor Market
Chapter 17w:Non wage and Asset Income: Rents, Profits, and Interest
Chapter 18: Who Gets What? The Distribution of Income
V: Applying Economic Reasoning to Policy
Chapter 19: Government Policy and Market Failures
Chapter 19w: Politics and Economics: The Case of Agriculture Markets
Chapter 20: Microeconomic Policy, Economic Reasoning, and Beyond
Chapter 21: International Trade Policy, Comparative Advantage, and Outsourcing
III: Macroeconomics
I: Macroeconomic Problems
Chapter 23: Economic Growth, Business Cycles, Unemployment, and Inflation
Chapter 24: National Income Accounting
II: The Macroeconomic Framework
Chapter 25: Growth, Productivity, and the Wealth of Nations
Chapter 26: Aggregate Demand, Aggregate Supply, and Modern Macroeconomics
Chapter 27: The Multiplier Model
III: Money, Inflation, and Monetary Policy
Chapter 28: Money, Banking, and the Financial Sector
Chapter 29: Monetary Policy and the Debate about Macro Policy
Chapter 30: Inflation and Its Relationship to Unemployment and Growth
IV: Macro Policy in Perspective
Chapter 31: Aggregate Demand Policy in Perspective
Chapter 32: Politics, Deficits,and Debt
Chapter 33: Macro Policies in Developing Countries
V: International Policy Issues
Chapter 34: International Financial Policy
Chapter 35: Macro Policy in a Global Setting