Written To Make 'sure The Student Understands How Economic Models Apply To The Real World' As Well As 'the Models Themselves.' Draws Heavily On American Examples. Part 1. What Is Economics? -- Part 2. Supply And Demand -- Part 3. Individuals And Markets -- Part 4. The Producer -- Part 5. The Consumer -- Part 6. Markets And Efficiency -- Part 7. Market Structure: Beyond Perfect Competition -- Part 8. Extending Market Boundaries -- Part 9. Microeconomics And Public Policy -- Part 10. New Directions For Markets -- Part 11. Introduction To Macroeconomics -- Part 12. The Economy In The Long Run -- Part 13. Short-run Economic Fluctuations -- Part 14. The Supply Side And The Medium Run -- Part 15. Events And Ideas -- Part 16. The Open Economy. Paul Krugman, Robin Wells. Includes Index. Includes Bibliographical References And Index.