This thoroughly revised edition provides a complete, balanced introduction to economics and to the most important issues facing the world's economies at the turn of the millennium. In addition to fine-tuning and streamlining the prose and the overall presentation, the authors have comprehensively updated the text and the appli cations to reflect recent economic developments and topics of current interest. A complete supplements program is available to accompany Economics, Twelfth Edition (see the Preface for details). Students in particular will find the Study Guide, with its practice questions, exercises, and problems, to be an excellent source of study support and extra review material. It is available in both a one and a two-volume edition. (Tailgate)