Text provides an overview of economics; including existing institutions and their historical developement. Includes revised chapters and updated data. For undergraduate students. Previous edition: c2001. DLC: Economics. Written in an informal colloquial style, this student friendly principles of economics textbook does not sacrifice intellectual depth in its quest for accessibility. The author's primary concern is to instill economic sensibility in the student. Colander emphasizes the intellectual and historical context to which the economic models are applied