economics by the rules rather than the exceptions, and by balancing application with theory. He reveals to students how economics has relevance in their everyday lives, and through a strong policy orientation, shows them "economics in action" in the broader social arena. His conversational writing style succeeds in presenting the politics and science of economic theories to tomorrow's decision-makers. The Canadian edition maintains the virtues of the author's landmark U.S. text, while revising the content to reflect the differences of our small open economy.

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