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Table of Contents

PART ONE: INTRODUCTION TO ECONOMICS; 1. The Nature of Economics; 2. Scarcity, Governments and Economics; PART TWO: MICROECONOMICS; 3. Supply and Demand; 4. Elasticity of Demand and Supply; 5. Governments and Markets; 6. Household Behaviour; 7. Introducing the Theory of the Firm; 8. Production Functions and Methods; 9. Perfect Competition; 10. Monopoly and Monopolistic Competition; 11. Oligopoly; 12. Governments, Monopolies and Oligopolies; 13. Governments and Resource Allocation; 14. Markets for Labour; 15. Land and Capital; 16. Governments and the Redistribution of Income; PART THREE: MACROECONOMICS; 17. Introduction to Macroeconomics; 18. The National Accounts; 19. GDP and the Multiplier Model; 20. Money, Banks and Interest Rates; 21. GDP and Prices: the AS-AD model; 22. Unemployment; 23. Inflation and Unemployment; 24. Business Cycles; 25. Economic Growth; 26. Monetary, Fiscal and Supply-side Policies; 27. International Trade; 28. International Payments