Designed for the mid to low level Principles of Economics course offered in every U.S. community college, four-year college, and university. The course is usually a two term course covering both Macroeconomic principles and Microeconomic principles, in either sequence and is taught out of the department of economics or the business department. Schools adopt either a casebound version of a text for both terms or paperbound ''split'' macro/micro versions. Gottheil is available in both a casebound text and paperbound ''splits.''
Fred Monroe Gottheil (1931-2016) was a Professor of Economics at the University of Illinois from 1959 to 2014, Professor Emeritus after his retirement, and director of the University's Center for Economic Education. His research focused on Marxian economics, the economics of the Middle East, and the oil industry.