Includes glossary and index

Contents: 1. Consumer markets: Demand and supply -- Consumer choice: indifference theory -- 2. Decision making by firms: The cost structure of firms -- Perfect competition -- Monopoly -- Imperfect competition -- 3. Input markets and the role of governments: Demand and supply of inputs -- The labour market -- Capital, investment, and new technology -- The role of government -- 4. Macroeconomics: Issues and Framework: Issues for the aggregate economy -- A basic model of the determination of GDP in the short term -- GDP in an open economy with government -- Money and monetary institutions -- The money market -- GDP in a monetary economy with a constant price level -- GDP in a monetary economy with a variable price level -- GDP with credible inflation targeting -- 5. Macroeconomics of the global economy: Business cycle, unemployment, and inflation -- Currency values and external payments -- Economic growth and sustainability -- International trade -- Economics of developing countries --