Significantly revised to reflect the sweeping changes in today's economy and government, the 6th edition of ECONOMIC ISSUES AND POLICY provides you with a solid, practical understanding of basic economic tools as you analyze important economic issues and related policy perspectives. This edition presents economic theory within a simple, market-oriented framework at a level of technicality that is deliberately appropriate for a basic first course in economics. Complex topics are excluded or presented within appendices. The book effectively balances liberal and conservative economic viewpoints while analyzing contemporary economic situations and the implications of emerging policies. Global and multicultural features and discussion questions encourage you to become involved in the economic issues being discussed.