Includes index.

Contents: 1. Introduction: The Nature of economics -- Scarcity and the world of trade-offs -- Demand and supply -- Extensions of demand and supply analysis -- The Public sector -- Converging economic systems -- 2. Introduction to macroeconomics: The Macroeconomy: unemployment, inflation and productivity -- Measuring the economy's performance -- Aggregate demand and aggregate supply -- Desired aggregate demand -- 3. National income determination and deficit spending: Income and employment determination -- Fiscal policy -- Deficit spending and the public debt -- 4. Money, monetary policy and economic growth: Money and the banking system -- Money creation and deposit insurance -- Monetary policy -- New directions in macro policy analysis -- Economic growth -- 5. Introduction to microeconomics: Consumer choice -- Demand and supply elasticity -- The Financial environment: the stock market and global capital markets -- 6. Market structure, resource allocation and public choice: The Firm: cost and output determination -- Perfect competition -- Monopoly -- Strategic competition and oligopoly -- Regulation and antitrust policy -- Public choice -- 7. Productive factors, poverty and the environment: Resource demand and supply -- Unions and labor market monopoly power -- Rent, interest and profits -- Income, poverty and health care -- Environmental economics -- 8. Global economics: Comparative advantage and the open economy -- Exchange rates and the balance of payments -- Development economics --