Table of Contents

Preface Chapter 1: Introducing economics Chapter 2: Supply and demand Chapter 3: Government intervention in the market Chapter 4: Background to demand Chapter 5: Background to supply Chapter 6: Profit maximising under perfect competition and monopoly Chapter 7: Profit maximising under imperfect competition Chapter 8: Alternative theories of the firm Chapter 9: The theory of distribution of income Chapter 10: Inequality, poverty and policies to redistribute incomes Chapter 11: Markets, efficiency and the public interest Chapter 12: Applied microeconomics Chapter 13: The national economy Chapter 14: Unemployment and inflation Chapter 15: The open economy Chapter 16: The roots of modern macroeconomics Chapter 17: Short-run macroeconomic equilibrium Chapter 18: Money and interest rates Chapter 19: The relationship between the money and goods markets Chapter 20: Fiscal and monetary policy Chapter 21: Aggregate supply, unemployment and inflation Chapter 22: Long-term economic growth and supply-side policies Chapter 23: International trade Chapter 24: The balance of payments and exchange rates Chapter 25: Global and regional interdependence Chapter 26: Economic problems of developing countries