Includes glossary and index

Contents: Economic issues and concepts -- How economists work -- Demand and supply -- Elasticity of demand and supply -- Consumer choice:indifference theory -- The Cost structure of firms -- Perfect competition -- Monopoly -- Imperfect competition -- Demand and supply of inputs -- The Labour market -- Capital ,investment,and new technology -- Successes and failures of markets -- The Role of government -- Macroeconomic issues and measurement -- A Basic model of the determination of GDP in the short term -- GDP in an open economy with government -- GDP and the prices level in the short run -- GDP and the price level in the long run -- Money and monetary institutions -- The Role of money in macroeconomics -- The Balance of payments and exchange rates -- Macroeconomic policy in an open economy -- Inflation -- Unemployment -- Economic growth and sustainability -- International trade