This newly updated edition of a highly regarded text, Principles of Economics, 4e, provides your students with the most up-to-date information available. Cases, tables, data, and more have been updated to reflect 2003 data. The four-color interior and full supplement package complements the text's superb conversational style, which engages students like none other. Principles of Economics, 4e represents the accomplishments of Fred Gottheil's career as an outstanding professor and author. This edition maintains the proven structure and style of previous editions, while updating content to make it even more valuable to professors and students alike. The author continues to use familiar stories, illustrations, scenarios, and a direct-to-student writing style to appeal to students' interests. The narrative is built around questions, which cut the distance between the student and the unfamiliar concepts of economics. Instead of covering hundreds of topics superficially, the book presents basic concepts in-depth and develops economic analysis step-by-step. The result: Learning economics becomes relative, interactive and appealing versus mere passive course participation.