Includes index.

Contents: What is economics -- The Economic problem -- The Free market: Supply and demand -- Government's role in the economy -- National income accounting -- Business cycles -- Aggregate demand -- Aggregate supply and equilibrium -- Fiscal policy -- Money and the banking system -- Commercial banks and the creation of money -- Non-bank financial intermediaries -- Demand for money -- Money supply and monetary policy -- Inflation -- Unemployment -- The Theory of growth -- Growth and less developed countries -- International trade -- International finance -- International financial commercial policies and institutions -- Consumer demand and utility -- Measuring and using elasticity of demand -- Supply elasticity and government policy -- Perfect competiton: Costs and production decisions in the short run -- Monopoly -- The Marginal productivity theory of resource allocation -- Employing labour resources: Unions, work and wages -- Employing land, capital and entrepreneurial resources -- Alternative economic systems.