This revised edition of a successful Schaum's Outline brings it into more direct correspondence with the course as it's currently taught and reflects a consensus of the leading texts. At the same time it takes into account the inadequate reading comprehension and graph-reading skills of many of today's students. New to this edition is a chapter on graphs. The exposition of basic principles is expanded; summaries and definitions of important terms precede each chapter. These features not only serve the needs of a wider range of students, they also increase the book's usability as an independent text. The revision reflects more recent approaches to economics, particularly to macroeconomics. Solved problems throughout are recast or replaced to correspond to current trends or conditions.