As this 9th Edition Update was being prepared, the U.S. economy appeared finally to be shaking off the after-effects of the 2001 recession and entering a period of sustained growth. Many other countries were showing signs of growth as well. That makes it entirely appropriate that the 9th Edition places far greater emphasis on growth than previous editions did. After all, despite occasional serious business downturns, it is still growth that matters most for standards of living in the long run. Indeed, surveys of users and potential users have indicated a desire for a more detailed treatment of economic growth, and we have been delighted to comply.
Accordingly, the Ninth Edition adds an entirely new chapter on the macroeconomics of growth (Chapter 23), plus additional material on growth in several other chapters (especially Chapters 22 and 31). To make room for these additions, we have shortened some of the macroeconomic discussion that appeared in the Eighth Edition--for example, by collapsing three chapters into two. Furthermore, on the conviction that there is a fundamental microeconomic side to growth analysis, Chapter 13, which focused largely on the microeconomics of innovation in the Eighth Edition, has been fundamentally revised and expanded. Its emphasis is now on the "New Economy"-- what it is and what it is not, to what new policy issues it gives rise, and how those matters can be analyzed.
Part 1 Getting Acquainted with Economics
Part 2 The Building Blocks Of Demand And Supply
Part 3 Markets,From Competition To Monopoly:Virtues And Vices
Part 4 The Distribution Of Income
Part 5 The Government And The Economy
Part 6 The Macroeconomy: Aggregate Supply And Demand
Part 7 Fiscal And Monetary Policy
Part 8 The United States In World Economy