Content: Introduction: What is economics -- The economic problem -- How markets work: Demand and supply -- Elasticity -- Efficiency and equity -- Government actions in markets -- Global markets in action -- Households choices: Utility and demand -- Possibilities, preferences and choices -- Firms and markets: Organizing production -- Output and costs -- Perfect competition -- Monopoly -- Monopolistic competition -- Oligopoly -- Market failure and government: Externalities -- Public goods and common resources -- Factor markets and inequality: Markets for factors of production -- Economic inequality -- Monitoring macroeconomic performance: Measuring GDP and economic growth -- Monitoring jobs and inflation -- Macroeconomic trends: Economic growth -- Finance, saving and investment -- Money, the price level, and inflation -- The Exchange rate and the balance of payments -- Macroeconomic fluctuations: Aggregate supply and aggregate demand -- Expenditure multipliers: the keynesian model -- Canadian inflation, unemployment, and business cycle -- Macroeconomic policy: Fiscal policy -- Monetary policy --