Includes index.

Contents: Microeconomics:Making economic decisions -- Scarcity and choice -- Markets -- Markets: Some extensions -- Applications of market analysis -- Elasticity of demand -- Production and costs -- The Competitive markets model -- Imperfect competition -- Imperfect competition in action -- The Market for labour -- Market failure -- Macroeconomics -- Measuring the economy: Output and living standards -- Measuring the economy: Inflation and unemployment -- Macroeconomics and history -- The Aggregate demand and aggregate supply model -- A Closer look at aggregate supply -- A Closer look at aggregate demand: the Keynesian model -- Fiscal policy -- Money 1 -- Money 2 -- A Review of inflation -- The Open economy: international trade and the exchange rate.