Includes index.

Contents: Inroduction to Economics: The scope and Method of economics -- The Economic problem: scarcity and choice -- Demand, supply and market equilibrium -- Demnad and Supply applications -- Concepts and problems in Marcoeconomics: Introduction to Macroeconomics -- Measuring National output and National income -- Unempolyement, inflation and Long- run growth -- The Core of Macroeconomic theory: Aggregate expenditure -- and equilibrium output -- The Government and fiscal policy -- The Money supply and the federal reserve system -- Money demand and the equilibrium interest rate -- Aggregate demand in the goods and money markets -- Aggregate supply and the equilibrium price level -- The labor market in the macroeconomy -- Further macroeconomics issues -- The world economy: International trade, comparative advantage and protectionism -- Economic grwoth in developing and transitional economies.