Essentials of Economics delivers a concise and balanced introduction to modern economics. Designed for the one-semester course, the fifth edition combines a solid foundation of theory with real-world examples, applications, and data. Gregory explores numerous modern topics in a non-technical manner, including a new chapter on the economics of the Internet and e-Commerce. Coverage of modern microeconomics sets the stage for a discussion of macroeconomics, providing a logical sequence that parallels how the field evolved.