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• The new chapter on The Economics of Health Care covers: • Health care around the world • Information problems and externalities in the market for health care • The Patient Protection and Affordable Care Act in the United States • There is new coverage of the slow recovery from the recession and financial crisis of 2007—2009. • There is new coverage of initiatives by the Federal Reserve, including quantitative easing and Operation Twist. • There is new coverage of fiscal policy, including analysis of the debate over fiscal stimulus and the magnitude of multipliers for government spending and taxes. • All companies in the chapter-openers have been replaced with new companies or updated with current information. • All chapters include new An Inside Look newspaper articles and analyses to help students apply economic thinking to current events and policy debates.

• There are new Making the Connection features to help students tie economic concepts to current events and policy issues. • Figures and tables have been updated, using the latest data available. • Many of the end-of-chapter problems have been either replaced or updated.