Includes glossary and index.

Contents: Introduction: Introducing economics -- Foundations of microeconomics: Supply and demand -- Markets in action -- Microeconomic theory: Background to demand -- Background to supply -- Profit maximising under imperfect competition -- Alternative theories of the firm -- The theory of distribution of income -- Microeconomic policy: Inequality, poverty and policies to redistribute income -- Markets, efficiency and the public interest -- Environmental policy -- Government policy towards business -- Foundations of macroeconomics: The national economy -- Macroeconomic issues and analysis: An overview -- Macroeconomics: The roots of modern macroeconomics -- Short-run macroeconomic equilibrium -- Money and interest rates -- The relationship between the money and goods markets -- Fiscal and monetary policy -- Aggregate supply, unemployment and inflation -- Long-term economic growth -- Supply-side policies -- The world economy: International trade -- The balance of payments and exchange rates -- Global and regional interdependence -- Economic problems of developing countries.