Includes bibliographical references and index.

Contents: A Brief economic history of the United States -- Resource utilization -- Supply and demand -- The Mixed economy -- The Consumption sector -- The Busines-investment sector -- The Government sector -- Gross domestic product -- Economic fluctuations, unemployment and inflation -- Fiscal policy and national debt -- Money and banking -- The Federal reserve and monetary policy -- Twentieth century economic theory -- A Guide to macropolicy -- Economic growth and productivity -- Applications in supply and demand -- Demand -- Utility and consumer surplus -- Supply -- Cost and profit -- Supply in the short run and the long run -- Perfect competition -- Monopoly -- Monopolistic competition -- Oligopoly -- Demand in the factor market -- Labour unions -- Labour markets and wage rates -- Rents, interest and profit -- Income distribution and poverty -- International trade -- Inetrnational finance.