Frederick S. Weaver, professor emeritus of economics and history at Hampshire College, has taught introductory economics for over forty years at five colleges and universities - public and private, large and small, high-wage and low-wage, lively and grim. He is the author of numerous books including, most recently, An Economic History of the United States: Conflict, Conquest, and Struggle for Equality (R&L, 2016)

• List of FiguresList of TablesPreface and Acknowledgments IntroductionPart I: Microeconomics and the Theory of MarketsChapter 1: Demand and SupplyChapter 2: The Theory of the Firm, Market Structures, Factor Markets, and the Distribution of IncomePart II: MacroeconomicsChapter 3: The Economy as a Whole: Definitions and AnalysesChapter 4: Fiscal Policy, Monetary Policy, Recession, and InflationPart III: International Economics and National EconomiesChapter 5: Comparative Advantage, Foreign Investment, and the Post-World War II Creation of the International EconomyChapter 6: Crises and the Transformation of the International EconomyAppendix: Websites of Related InterestIndex About the Author

Economic Literacy is an excellent introduction to the basics of microeconomics, macroeconomics, and international economics. I have used the first three editions of the book to teach political economy to undergraduates for the past decade; it provides an extremely accessible and readable discussion of the core economic concepts that students need, while requiring little more than basic arithmetic skills to understand. The fourth edition of the work improves on its treatment of American political economy and updates the data and examples to retain its relevance to today’s student population. Accurate, readable, and concise, Economic Literacy is highly recommended for interdisciplinary courses that involve economic reasoning.?

Frederick S. Weaver, professor emeritus of economics and history at Hampshire College, has taught introductory economics for over forty years at five colleges and universities - public and private, large and small, high-wage and low-wage, lively and grim. He is the author of numerous books including, most recently, An Economic History of the United States: Conflict, Conquest, and Struggle for Equality (R&L, 2016)

• List of FiguresList of TablesPreface and Acknowledgments IntroductionPart I: Microeconomics and the Theory of MarketsChapter 1: Demand and SupplyChapter 2: The Theory of the Firm, Market Structures, Factor Markets, and the Distribution of IncomePart II: MacroeconomicsChapter 3: The Economy as a Whole: Definitions and AnalysesChapter 4: Fiscal Policy, Monetary Policy, Recession, and InflationPart III: International Economics and National EconomiesChapter 5: Comparative Advantage, Foreign Investment, and the Post-World War II Creation of the International EconomyChapter 6: Crises and the Transformation of the International EconomyAppendix: Websites of Related InterestIndex About the Author

Economic Literacy is an excellent introduction to the basics of microeconomics, macroeconomics, and international economics. I have used the first three editions of the book to teach political economy to undergraduates for the past decade; it provides an extremely accessible and readable discussion of the core economic concepts that students need, while requiring little more than basic arithmetic skills to understand. The fourth edition of the work improves on its treatment of American political economy and updates the data and examples to retain its relevance to today’s student population. Accurate, readable, and concise, Economic Literacy is highly recommended for interdisciplinary courses that involve economic reasoning.?

Frederick S. Weaver, professor emeritus of economics and history at Hampshire College, has taught introductory economics for over forty years at five colleges and universities - public and private, large and small, high-wage and low-wage, lively and grim. He is the author of numerous books including, most recently, An Economic History of the United States: Conflict, Conquest, and Struggle for Equality (R&L, 2016)

• List of FiguresList of TablesPreface and Acknowledgments IntroductionPart I: Microeconomics and the Theory of MarketsChapter 1: Demand and SupplyChapter 2: The Theory of the Firm, Market Structures, Factor Markets, and the Distribution of IncomePart II: MacroeconomicsChapter 3: The Economy as a Whole: Definitions and AnalysesChapter 4: Fiscal Policy, Monetary Policy, Recession, and InflationPart III: International Economics and National EconomiesChapter 5: Comparative Advantage, Foreign Investment, and the Post-World War II Creation of the International EconomyChapter 6: Crises and the Transformation of the International EconomyAppendix: Websites of Related InterestIndex About the Author

Economic Literacy is an excellent introduction to the basics of microeconomics, macroeconomics, and international economics. I have used the first three editions of the book to teach political economy to undergraduates for the past decade; it provides an extremely accessible and readable discussion of the core economic concepts that students need, while requiring little more than basic arithmetic skills to understand. The fourth edition of the work improves on its treatment of American political economy and updates the data and examples to retain its relevance to today’s student population. Accurate, readable, and concise, Economic Literacy is highly recommended for interdisciplinary courses that involve economic reasoning.?