An introduction to issues, methods, and policy problems in economics. Part I discusses comparative economic systems. Part II deals with demand and supply, and applies the tools of price determination and elasticity to case studies. Part III presents foundations of supply and demand and consumer behavior, and includes material on the derivation of demand curves using indifference curves. Features highlighted key concepts, chapter summaries, questions, and applications boxes. This 11th edition focuses on globalization, and addresses transitional economies in Eastern Europe. Annotation c. Book News, Inc., Portland, OR (booknews.com)