In this book you will discover that the world is full of economic problems requiring more powerful tools than just common sense. As you master the methods explained in this book, you will appreciate economics as a valuable reasoning approach to solving economic puzzles. Stated differently, the economic way of thinking is important because it provides a logical framework within to organize thoughts and understand an economic issue or event. Just to give a sneak preview, you will study the perils of government price-fixing for gasoline andhealth care. You will also findo out why colleges and universities charge different tuitions to students for the same education. You will investigate whether or not the federal government should balance its budget. You will learn whyAngolans use six-packs of imported beer as money. In the final chapter, youwill study why some countries grow rich while others remain poor and less developed. And the lista of fascinating and relevant topics explained continues throughout each chapter. As you read theses pages, your efforts will be rewarded by an understanding of just how economic theories and policies affect our daily lives - past, present and future.